Baron Oil PLC Peru Block XXI -- Release of Guarantee Bond (2342O)
June 09 2022 - 2:02AM
UK Regulatory
TIDMBOIL
RNS Number : 2342O
Baron Oil PLC
09 June 2022
9 June 2022
BARON OIL PLC
("Baron Oil" or the "Company")
Peru Block XXI - Relinquishment and Release of Guarantee
Bond
Further to the Company's announcement of 19 April 2022, Baron
Oil (AIM: BOIL), is pleased to announce the relinquishment of its
legacy Licence Block XXI in Peru and the release and successful
return of its US$160,000 Bank Guarantee.
Through its fully owned subsidiary in Peru, Gold Oil Peru SAC,
the Company continues to work with Perupetro SA (the Peruvian
national Oil & Gas Agency and Licensing Authority) to establish
and file an Abandonment Plan.
As previously announced, the Company will be holding its Annual
General Meeting ("AGM") on 28 June 2022, and it intends to issue an
AGM Statement on the day of the AGM. Following the conclusion of
the formal business of the AGM, the Company will be holding a
question and answer session for those attending.
For further information, please contact:
Baron Oil Plc +44 (0) 20 7117 2849
Andy Yeo, Chief Executive
Allenby Capital Limited +44 (0) 20 3328 5656
Nominated Adviser and Broker
Alex Brearley, Nick Harriss, Nick Athanas (Corporate
Finance)
Kelly Gardiner (Sales and Corporate Broking)
IFC Advisory Limited +44 (0) 20 3934 6630
Financial PR and IR
Tim Metcalfe, Florence Chandler
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END
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