Baron Oil PLC Update on UOGG (7951Z)
17 March 2017 - 7:39PM
UK Regulatory
TIDMBOIL
RNS Number : 7951Z
Baron Oil PLC
17 March 2017
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
BARON OIL PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Baron Oil plc
Baron Oil reports funds not yet received from Union Oil &
Gas Group
Baron Oil PLC (AIM:BOIL) reports that its Peruvian subsidiary,
Gold Oil Peru SAC, did not receive the $2 million due from Union
Oil & Gas Group (UOGG) by the date specified in the Farm In
Agreement. Discussions are underway with UOGG in an attempt to
resolve this issue.
For further information on the Company, visit
www.baronoilplc.com or contact:
Baron Oil Plc: Tel: +44 (0)1892 838948
Malcolm Butler (CEO)
Cantor Fitzgerald (Nominated Advisor and Joint Broker): Tel: +44 (0)20 7894 7000
Sarah Wharry (Corporate Finance)
Alex Pollen (Corporate Broking)
SP Angel (Joint Broker) Tel: +44 (0)20 7470 0470
Richard Hail / Richard Redmayne
The person making this notification on behalf of Baron Oil plc
is Geoff Barnes, the Chief Financial Officer and Director of the
Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 17, 2017 04:39 ET (08:39 GMT)
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