Baron Oil PLC Investor Presentation Today (6159Z)
26 January 2022 - 6:00PM
UK Regulatory
TIDMBOIL
RNS Number : 6159Z
Baron Oil PLC
26 January 2022
26 January 2022
Baron Oil Plc
("Baron" or the "Company")
Investor Presentation Today
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration
company, is pleased to confirm, as previously announced, that the
Company's Chief Executive Andy Yeo, Technical Director Jon Ford and
Andy Butler ( Managing Director of SundaGas Banda, the Chuditch PSC
Operator) , will provide a live investor presentation today at 6.00
p.m. London time.
Presentation Highlights
The presentation will focus on the Company's PSC TL-SO-19-16,
offshore Timor-Leste (the "Chuditch PSC"), in which Baron holds a
75% working interest and is operator. A copy of the presentation
will shortly be available on the Company's website at:
https://www.baronoilplc.com/investors/reports-presentations/
The presentation includes an updated technical overview, a
description of the overall commercial context, potential options
for future gas export and strategies for the handling of carbon
dioxide and CCS (carbon capture and storage). It highlights, inter
alia:
-- Chuditch is believed to be a substantial gas discovery on a proven trend with upside
-- LNG (liquified natural gas) is viewed by the Company as a
critical ingredient in Asia's energy transition away from coal
balanced with its requirements for stable energy supplies
-- 3D Seismic reprocessing and other studies are progressing well
-- final 3D PSDM (pre-stack depth migration) data on track for delivery in Q2 2022
-- Q4 2022 decision point for potential high impact drilling in 2023
-- A preliminary design for a Chuditch appraisal well
-- Multiple export solutions for gas have been identified which
are not dependent on any single concept/route
-- Pipeline to LNG production facility
-- Beaço LNG via Greater Sunrise
-- Darwin LNG via multiple pathways
-- Standalone solutions
-- Floating LNG
-- Fixed Platform LNG
-- CNG (compressed natural gas)
-- Development strategies for handling carbon dioxide include
Carbon Capture and Storage (CCS) at Bayu Undan and potential CCS
solutions within the PSC
-- The Company continues to evaluate options to secure
investment for appraisal drilling. As part of this initiative, it
commenced a farmout process in September 2021 and is currently in
contact with multiple potentially interested parties
Live Presentation
The presentation at 6.00 p.m. is open to all existing and
potential shareholders. Those wishing to attend should register via
the following link after which they will be provided with log in
details:
https://us02web.zoom.us/webinar/register/WN_LAznTXlvSYeoOxGxSc0_3w
There will be the opportunity for participants to ask questions
at the end of the presentation. Questions can also be emailed to
baronoil@investor-focus.co.uk up to 4.00 p.m. London time
today.
Qualified Person's Statement
Pursuant to the requirements of the AIM Rules - Note for Mining
and Oil and Gas Companies, the technical information contained in
this announcement has been reviewed by Jon Ford BSc, Fellow of the
Geological Society, Technical Director of the Company. Mr Ford has
more than 40 years' experience as a petroleum geoscientist. He has
compiled, read, and approved the technical disclosure in this
regulatory announcement.
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 baronoil@investor-focus.co.uk
Tim Metcalfe, Florence Chandler
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END
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