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Investegate |Baron Oil PLC Announcements | Baron Oil PLC: AGM Statement and Result of Meeting

Investegate |Baron Oil PLC Announcements | Baron Oil PLC: AGM Statement and Result of Meeting
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Baron Oil PLC Announcements | Baron Oil PLC: Alignment of Interests for Chuditch PSC

Investegate |Baron Oil PLC Announcements | Baron Oil PLC: Alignment of Interests for Chuditch PSC
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Baron Oil PLC Announcements | Baron Oil PLC: Extension Request for the Chuditch PSC Approved

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. ....

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Timor Leste: Baron Oil provides update on the Chuditch PSC

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). ....

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Investegate |Baron Oil PLC Announcements | Baron Oil PLC: Chuditch PSC Update

o
Includes request for minimum 12-month extension
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Significant upgrade in estimated resources
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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% int ....

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