About the Chuditch PSC Baron has a 33.33% interest in the shares of SundaGas (Timor-Leste Sahul) Pte. Ltd. ( SundaGas TLS ), the parent company of the Timor-Leste subsidiary holding the Chuditch PSC interest, with the remaining 66.67% being held by a subsidiary of SundaGas Pte. Ltd., a private E&P company based in Singapore. The sole asset of SundaGas TLS is its 100% shareholding in SundaGas Banda Unipessoal Lda., which in turn operates and holds a 75% interest in the Chuditch PSC, with the remaining 25% carried interest being held by a subsidiary of the Timor-Leste state oil company (Timor Gap, E.P.). Baron therefore has an indirect 25% interest in the Chuditch PSC.
LONDON TRADING UPDATES: Castings Hails Return To Pre-Covid Levels
Fri, 26th Feb 2021 17:57
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Castings PLC - West Midlands-based iron caster - Notes monthly demand since November has been running ahead of pre-Covid levels but notes that while it has seen an improvement in demand production has been hampered by the need for more employees to self-isolate as UK Covid cases increased around the turn of the year. Assures however that this has now subsided and results for its financial year ending March 31 - which will be published on June 16 - are expected to be in line with market forecasts.
AIM-listed Baron Oil has provided shareholders with an update on the Chuditch PSC, offshore Timor-Leste. Technical work completed to date indicates an aggregate gross Mean recoverable prospective resource of greater than 3,500 BCF of gas (more than 580 MMBOE).
o Includes request for minimum 12-month extension · Significant upgrade in estimated resources o Gross Mean GIIP: 4,703 BCF o Gross Mean Prospective Resources: 3,527 BCF o Mean Prospective Resources net to Baron interest: 882 BCF Baron has a 33.33% interest in the shares of SundaGas (Timor-Leste Sahul) Pte. Ltd. ( SundaGas TLS ), the parent company of the Timor-Leste subsidiary holding the Chuditch PSC interest, with the remaining 66.67% being held by a subsidiary of SundaGas Pte. Ltd., a private E&P company based in Singapore. The sole asset of SundaGas TLS is its 100% shareholding in SundaGas Banda Unipessoal Lda., which in turn operates and holds a 75% interest in the PSC, with the remaining 25% carried interest being held by a subsidiary of the Timor-Leste state oil company (Timor Gap, E.P.). Baron therefore has an indirect 25% interest in the Chuditch PSC.