TIDMBOIL

Baron Oil PLC

07 March 2022

REACH

7 March 2022

Baron Oil Plc

("Baron" or the "Company")

Timor-Leste Second Licencing Round

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to note the closure of the Timor-Leste Second Licencing Round on 4 March 2022, which successfully resulted in a number of bids being submitted. A summary of these is now available on the Baron Home Page/Latest Presentation at https://www.baronoilplc.com/

The Company's fully owned subsidiary, SundaGas Banda Unipessoal Lda, conducted a detailed evaluation of the offshore blocks available in the Timor-Leste Second Licencing Round and concluded that it would be most appropriate to continue to focus its efforts on the existing operated Chuditch PSC.

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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March 07, 2022 05:36 ET (10:36 GMT)

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