Baron Energy, Inc. Revamps Business Plan; Expands Acquisition Size and Scope; Enters Into the Bakken Shale Oil Play
08 January 2014 - 12:00AM
Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"),
an independent crude oil and natural gas company, has placed its
2014 Business Plan on its web site (www.baronenergy.com).
Management Comments
Ronnie L. Steinocher, President and CEO, said, "In the 4Q of
2013 we revamped our business initiatives, expanding both the size
and geographical scope of our targeted producing property
acquisitions. This was in response to work completed last year,
access to capital markets, and our strong desire to find and
acquire producing properties that should have a material, positive
impact on shareholder value. This revamped plan can be viewed at
our website. We are well along our new path and are working to
make meaningful progress soon."
Mr. Steinocher added, "In addition, we recently took advantage
of a synergisitc opportunity to participate in the Bakken Shale oil
play ("The Bakken"). Baron Bakken I, LLC ("Baron Bakken") was
formed in the 4Q of 2013 in order to do so. We plan to expand
our interest in the Bakken this year. Baron Energy, Inc. is
the managing member of Baron Bakken."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent crude
oil and natural gas acquisition, production, exploitation, and
exploration company headquartered in San Marcos, Texas, with
producing assets in North and North Central Texas.
Baron's growth strategy centers on making producing property
acquisitions with near-term upside and long-term
production. The Company's acquisition focus is on operated
properties in Texas, Louisiana, Oklahoma, and New Mexico and
non-operated properties in the Bakken Shale formation of the
Williston Basin, North Dakota.
For more information, please visit www.baronenergy.com.
Forward-Looking Statement
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "potential," "intend," and
similar expressions. Such forward-looking statements, involved
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Baron
Energy, Inc. (the "Company") to be materially different from those
expressed or implied by such forward-looking statements. The
Company's future operating results are dependent upon many factors,
including risk factors discussed in the Company's periodic fillings
with the Securities and Exchange Commission, which are available
for review at www.sec.gov. The Company undertakes no
obligation to update any forward-looking statement, whether as a
result of new information, future events, or otherwise.
CONTACT: Baron Energy, Inc.
Investor Contact
Brad Holmes
(713) 654-4009
b_holmes@att.net
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