UK: Baron Oil provides UK Licence P2478 update
01 Feb 2021
P2478 in the United Kingdom, further to the Company s announcements of
The exclusivity period for the work sharing agreement for licence P2478, Inner Moray Firth with a large European E&P Company, signed in April 2020 and extended in October 2020 at the request of the Interested Party, was completed on 31 January 2021. As agreed, the Interested Party s regional technical studies including the area of the P2478 licence have been presented to the Joint Venture partners
Corallian Energy, Upland Resources and
Baron (the JV ). The exclusivity period has therefore ended, although the confidentiality period between the JV and Interested Party continues.