News Results for Baron Oil (BOIL)

  • 11 Sep
    09:32
    Baron Oil losses more than double in H1 on higher costs

    Baron Oil reported losses that more than doubled in the first half of the year on increased costs. For the six months ended 30 June 2020, pre-tax losses widened to £703K from £307K on-year....

  • 29 Apr
    09:38
    Upland Resources, Baron Oil venture engages with potential new partner

    Upland Resources said its joint venture in the Inner Moray Firth offshore Scotland had signed a work sharing agreement with a large oil company that could potentially invest in the prospect. The...

  • 14 Feb
    13:10
    Baron Oil raises £2.5m for East Timor, Peru developments

    Oil and gas company Baron Oil said it had raised £2.5m through a share issue to fund developments in East Timor and Peru. New shares in the company were offered at 0.1p each. At 1:10pm:...

  • 04 Feb
    13:56
    Baron Oil says historical Shell data indicates potential of East Timor play

    Baron Oil said historical data complied by Shell indicated the promise of the Chuditch discovery offshore East Timor. The Chuditch-1 well had been drilled by Shell a few decades ago and...

  • 08 Nov
    13:46
    Baron Oil welcomes award of acreage off Timor-Leste coast

    Baron Oil noted that a unit of SundaGas, of which it was entitled to be issued a 33.3% stake, had been awarded oil acreage off the coast of Timor-Leste. The award would give SundaGas a 75%...

  • 06 Sep
    08:21
    Baron Oil reports narrower losses on lower costs

    Baron Oil reported narrower losses on lower costs and said it would be targeting investments in assets that combined high potential impact with relatively low risks and costs. For the six months...

  • 31 May
    10:00
    Baron Oil reports wider losses as costs rise on asset writedowns

    Baron Oil reported wider annual losses on asset write downs after drilling the Wick Prospect was unsuccessful and caused costs to overrun. For the year ended 31 December 2018, pre-tax losses...

  • 16 Jan
    08:28
    Reabold, Baron, Upland JV exploration well fails to find hydrocarbons

    Reabold Resources said an exploration well in the UK North Sea had failed to find hydrocarbons. The Wick well, which was operated by partner Corallian Energy, had encountered the target Beatrice...

  • 23 May
    13:44
    Baron Oil well costs increase at two UK prospects

    Baron Oil said it had received revised costs estimates for each of the Wick and Colter wells it the UK, in which Baron had a 15% and 5% licence interest, respectively. The new estimates were...

  • 16 May
    09:20
    Baron Oil receives approval for 15% interest in UK Seaward Production Licence

    Baron Oil said Wednesday that it secured a 15% interest in UK Seaward Production Licence P2235, which contained the Wick Prospect, following approval from the Oil and Gas Authority. 'This...

  • 27 Feb
    14:14
    Baron Oil confirms acquisition of North Sea oil well stake

    Baron Oil said conditions had been satisfied for it to pay 20% of the costs for the Wick well in the North Sea, plus £6,500 in back costs, to earn a 15% interest in the relevant licence. The size...

  • 19 Feb
    14:46
    Baron Oil enters option agreement to take North Sea oil stake

    Baron Oil entered into an option agreement with Corfe Energy to take a stake in a UK North Sea licence containing the Wick Prospect. Drilling operations at Wick are expected to commence in...

  • 05 Jan
    14:02
    Baron funds cleared from Guarantee Bond for Block Z-34

    Baron Oil confirmed that the $3.6m held by Barclays Bank as guarantee for the work programme on the recently relinquished Peru offshore Block Z-34 is now available to the Company. The Company said...

  • 10 Nov
    07:16
    Baron relinquishes offshore Peru block

    Baron Oil has announced that at an operating committee meeting in Lima yesterday those parties entitled to vote made a unanimous decision to relinquish Block Z-34, offshore Peru, and notify...

  • 21 Sep
    09:22
    Baron Oil losses widen

    Baron Oil posted an operating loss of £1,430,000 for the six months to the end of June compared with a loss of £240,000 last time. After the end of the period, the company announced that the 2013...

  • 21 Sep
    07:10
    FLASH: Baron Oil losses widen

    Story provided by StockMarketWire.com

  • 11 Sep
    14:32
    Baron terminates farmin agreement with Union Oil

    Baron Oil has announced that the Farmin Agreement (FIA) with Union Oil & Gas has been terminated and Baron has taken back its full 50% working interest share in Peru Block Z-34. Bill Colvin,...

  • 30 Jun
    13:10
    Baron Oil shareholders pass all resolutions at AGM

    Baron Oil has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:10pm: (LON:BOIL) Baron Oil share price was 0p at 0.48p Story provided by...

  • 07 Jun
    09:03
    Baron Oil schedules AGM

    Baron Oil will hold its annual general meeting at 200 Strand, London WC2R 1DJ, on 30 June at 11:00 a.m. At 9:03am: (LON:BOIL) Baron Oil share price was 0p at 0.45p Story provided by...

  • 02 May
    09:23
    Baron update on dispute with UOGG

    Baron Oil and Union Oil & Gas Group have agreed that a dispute payment should not interfere with progress on the Cuy prospect drilling plans. Baron said that following constructive meetings...

  • 28 Mar
    16:46
    FTSE ends higher ahead of Brexit day as sterling falls

    London stocks closed on positive note ahead of PM Theresa May formally starting the Brexit process with the European Union tomorrow, and helped by further weakness in the already undervalued...

  • 17 Mar
    09:05
    Baron in talks over farm-in payment

    Baron Oil said its Peruvian subsidiary, Gold Oil Peru SAC, did not receive the $2 million due from Union Oil & Gas Group by the date specified in the farm in agreement. Baron said...

  • 24 Feb
    09:44
    Baron farm-out deal gets final signatory

    Baron Oil has confirmed that the public deed - the final document effecting the farm-out deal for Block Z-34 in Peru with Union Oil & Gas Group - has now been signed by the Central Bank of...

  • 24 Feb
    08:55
    Baron Oil farm-out delay

    Baron Oil's farm-out deal for Block Z-34 in Peru with Union Oil & Gas Group is taking longer than expected, according to a statement issued last night. Baron announced on 9 February that a...

  • 09 Feb
    17:06
    FTSE up on financials, comm. property, aided by US

    London equities closed on a moderately positive note, helped in part by early gains on Wall St, in a session that has overall been laden with traders sensitive to political risk in Europe, UK and...

  • 09 Feb
    11:55
    FTSE cautiously ahead as comm. property, oilies gain

    London stocks are camped out just above their opening levels as political uncertainty across Europe and in the US give rise to investor caution. In UK, commercial property and oil majors are in...

  • 09 Feb
    09:37
    Baron's farm-out

    Baron Oil expects the farm-in deal for Block Z-34 in Peru by Union Oil & Gas Group to be completed within 10 days. Baron said the public deed effecting the assignment of a 30% interest in the...

  • 06 Jan
    08:51
    Baron Oil agrees loan to InfraStrata

    Baron Oil has signed a loan facility agreement with InfraStrata with respect to the Islandmagee gas storage project in Northern Ireland. Under the terms of the agreement, Baron is providing a loan...

  • 27 Sep
    09:52
    Baron Oil operating losses narrow

    Baron Oil posts an operating loss of £240,000 for the six months to the end of June compared with £995,000 a year ago. Baron said that following the closure of its operations in Colombia, there...

  • 26 Sep
    14:29
    Baron revises Islandmagee option

    Baron Oil has agreed to a modification of the option held by it to acquire equity in Islandmagee Storage Ltd, the gas storage development company owned 90% by InfraStrata. On 19 August,...

  • 23 Sep
    07:25
    Baron Oil in south-east Asia JV

    Baron Oil has entered into a joint venture with SundaGas Pte Ltd, a Singapore-based company, to search for new business opportunities in south-east Asia. SundaGas is a new exploration and...

  • 23 Sep
    07:08
    FLASH: Baron JV in south-east Asia

    Story provided by StockMarketWire.com

  • 06 Sep
    10:17
    Baron Oil clarifies loan option agreement

    Baron Oil clarifies that the loan repayment of £1,537,086 received from Infrastrata included interest of £136,134. Under the terms of the Agreement, originally announced in May 2015, Baron...

  • 19 Aug
    16:53
    Financial stocks drag FTSE lower

    The FTSE 100 closed the week in negative territory at 6,858 amid weakness in mining and financial services stocks. West Texas Intermediate (WTI) crude oil was 0.2% lower at $48.11 and Brent crude...

  • 19 Aug
    11:47
    FTSE lower on quiet corporate day

    The FTSE 100 was marginally down on a quiet day for corporate news with weakness among insurers and asset managers acting as a drag on the index. The FTSE 100 was 0.2% lower at 6,854. West Texas...

  • 19 Aug
    07:35
    Baron agrees amendment to Infrastrata loan

    Baron Oil has received repayment of its loan to Infrastrata and agreed an amendment to the convertible loan facility agreement for the Islandmagee gas storage project in Northern Ireland. Under...

  • 19 Aug
    07:07
    FLASH: Baron agrees amendment to Infrastrata loan

    Story provided by StockMarketWire.com

  • 26 Jul
    14:59
    Oil and gas roundup

    Victoria Oil & Gas (VOG) produced a strong sales performance from the Logbaba gas project in the second quarter. The company also completed major work streams within Cameroon that will...

  • 28 Jun
    15:25
    Director Deals - Baron Oil (BOIL)

    Malcolm Butler, Non Executive Director, bought 1,000,000 shares in the company on the 28th June 2016 at a price of 0.51p. The Director now holds 1,000,000 shares. Story provided by...

  • 16 Jun
    17:03
    FTSE in the red on Brexit and banking fears

    A sell-off in banking stocks pulled the FTSE into the red, down 0.3% to 5,950.48. Barclays, HSBC, Lloyds and Royal Bank of Scotland all declined as markets worried about low interest rates and...

  • 16 May
    07:42
    Baron notes start of Woodburn Forest-1 drilling

    Baron Oil has noted an announcement today by InfraStrata regarding the commencement of drilling of the Woodburn Forest-1 well in Northern Ireland Petroleum Licence PL1/10. Under the terms of the...

  • 16 May
    07:02
    FLASH: Baron notes start of drilling at Woodburn Forest-1

    Story provided by StockMarketWire.com

  • 13 May
    13:12
    Baron notes comments over Woodburn Forest project

    Baron Oil's board has noted an announcement by InfraStrata regarding recent press comment on the Woodburn Forest project in Northern Ireland Petroleum Licence PL1/10. Under the terms of the...

  • 11 Mar
    08:35
    Baron notes start of NI wellsite construction

    Baron Oil has noted the announcement today by InfraStrata regarding the start of wellsite construction for the Woodburn Forest-1 exploration well in Northern Ireland (Petroleum Licence PL1/10)....

  • 07 Mar
    13:58
    Baron encouraged by Peru seismic data results

    Baron Oil is encouraged by results from recently acquired 2D seismic data on the 100% owned Block XXI onshore Peru which have been processed by GSS and analysed by the company and its consultants....

  • 01 Feb
    08:09
    Peru seismic acquisition completed, says Baron

    Baron Oil has confirmed that the onshore seismic acquisition programme in Block XXI, Peru, has been successfully completed by GSS and all the equipment is off hire. The total cost of the seismic...

  • 19 Jan
    09:03
    Baron farm-in to Northern Ireland licence

    Baron Oil has agreed to enter into a farmout agreement with Infrastrata and Brigantes Energy Limited to earn a 10% interest in the Northern Ireland Petroleum Licence PL1/10 and to acquire a...

  • 18 Jan
    09:26
    Baron update on Peru seismic acquisition programme

    Baron Oil has issued an update on the seismic acquisition programme in Peru and the initial interpretation of the newly acquired data. Baron says that after some weather delays which held up...

  • 15 Dec
    08:57
    Baron starts seismic acquisition programme

    Baron Oil has started the seismic acquisition programme in the area around the Minchales well location in the south of Block XXI, onshore Peru. The board anticipates that the 2D acquisition...

  • 27 Nov
    16:00
    Oil, Gas Roundup

    Baron Oil (BOIL) has reported that it has begun its topography work in the area around the Minchales well location in the south of Block XXI, onshore Peru. The company's work timetable has been...

  • 27 Nov
    09:28
    Baron Oil reports slight delays at Peruvian well

    Baron Oil has reported that it has begun its topography work in the area around the Minchales well location in the south of Block XXI, onshore Peru. The company's work timetable has been slightly...

  • 27 Oct
    07:44
    Baron update on Peru seismic programme

    Baron Oil has confirmed that the seismic programme on Block XXI onshore Peru is now expected to commence on or about 10 November. Baron says its seismic contractor, GSS, has confirmed that some...

  • 27 Oct
    07:04
    FLASH: Baron update on Peru seismic programme

    Story provided by StockMarketWire.com

  • 19 Oct
    16:06
    Oil, Gas Roundup

    MX Oil (MXO) said the Aje-5 production well located on the OML 113 licence, offshore Nigeria, has been successfully completed and the reservoir has been perforated in the Upper and Lower Cenomanian...

  • 19 Oct
    09:54
    Baron update on Nancy Burdine Maxine hand over

    Baron Oil's 50%-owned Inversiones Petroleras de Colombia has handed over operational control of the Nancy Burdine Maxine field in Colombia to Ecopetrol SA, the state owned oil and gas operating...

  • 19 Oct
    07:17
    FLASH: Baron update on Nancy Burdine Maxine

    Story provided by StockMarketWire.com

  • 28 Sep
    16:02
    Oil, Gas Roundup

    Shell (RDSA/RDSB) said the Burger J exploration well, at Alaska 's Chukchi Sea, will be sealed and abandoned in accordance with US regulations after indications of oil and gas were decided...

  • 28 Sep
    07:54
    Reduced half year losses at Baron Oil

    Baron Oil, the AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America, has reported that in the six month period to 30 June 2015, the company...

  • 28 Jul
    09:58
    Baron confirms study programme for Peru block

    Baron Oil has confirmed that Union Oil & Gas has agreed for a satellite oil seep study programme to be carried out on the offshore Peru Block Z-34 acreage. The programme will be carried out...

  • 21 Jul
    11:03
    Baron Oil to undertake further exploration in Peru

    Baron Oil has announced that its local subsidiary, Gold Oil Peru, has confirmed EIA approval allowing it to immediately begin further exploration activities on its 100% owned Block XXI located in...

  • 29 Jun
    07:52
    Baron Oil date for Nancy Burdine Maxine handover

    Baron Oil expects to hand over operatorship of the Nancy Burdine Maxine oil and gas field in Colombia to Ecopetrol SA on 16 October. Story provided by StockMarketWire.com

  • 29 Jun
    07:16
    FLASH: Baron update on Nancy Burdine Maxine

    Story provided by StockMarketWire.com

  • 18 Jun
    16:15
    Oil, Gas Roundup

    UK Oil & Gas Investments (UKOG) said a further report provided by Nutech in relation to the Horse Hill-1 well, near Gatwick airport, calculates that the total Jurassic shale plus tight...

  • 18 Jun
    09:18
    Baron Oil notes Islandmagee-1 well results

    Baron Oil has noted the announcement today by InfraStrata regarding the conclusion of drilling and data gathering operations at the Islandmagee-1 well in Northern Ireland. At 9:18am:...

  • 18 Jun
    07:38
    FLASH: Baron Oil notes Islandmagee-1 well results

    Story provided by StockMarketWire.com

  • 18 May
    07:51
    Baron Oil notes spudding of Islandmagee-1

    Baron Oil has noted the announcement by Infrastrata regarding spudding of the Islandmagee-1 salt well. Baron Oil signed a convertible loan agreement with InfraStrata on 1 May with respect to the...

  • 15 May
    08:43
    Baron unit inks seismic contract for Peru block

    Baron Oil subsidiary, Gold Oil Peru SAC, has signed a seismic contract with Geo Survey Systems, a Houston based seismic contractor, to acquire, process and interpret 180 kilometres of 2D seismic on...

  • 01 May
    08:41
    Baron Oil signs convertible loan agreement with Infrastrata

    Baron Oil, the independent oil and gas exploration and production company, has signed a convertible loan agreement with InfraStrata with respect to the Islandmagee gas storage project in Northern...

  • 07 Apr
    12:48
    Baron Oil reports delivery issues

    Baron Oil has announced that crude oil production from the Nancy#1 well (which had been running at 400 bbls per day) was temporarily shut-in over the Easter weekend as the crude oil storage...

  • 24 Mar
    07:26
    Baron Oil interim chairman and CEO becomes permanent

    Baron Oil says Bill Colvin has agreed to take over as chairman and chief executive on a permanent basis. Colvin has been carrying out these roles on an interim basis since the sudden death of...

  • 02 Jan
    15:14
    Baron Oil chairman and CEO dies

    Baron Oil chairman and chief executive Rudolph Berends died today. The company said he had been chairman and CEO since August 2012 and would be be deeply missed. A statement said: "Our thoughts...

  • 24 Dec
    08:41
    Baron sees steady progress in Peru

    Baron Oil reports steady progress on exploration Block XXI onshore Peru. Baron Oil now owns 100% of Block XXI which covers 3,030 sq km in the Sechura Basin in north-west Peru. The company says...

  • 29 Oct
    09:45
    Director Deals - Baron Oil (BOIL)

    William Colvin, Non Executive Director, bought 1,000,000 shares in the company on the 28th October 2014 at a price of 1.70p. The Director now holds 1,000,000 shares. Story provided by...

  • 23 Oct
    09:11
    Baron Oil gets go-ahead for Peru well

    Baron Oil and its partner,Oil and Gas Group Corporation, have been given the go-ahead to drill a well on Block Z-34 in Peru. Baron Oil (formerly Gold Oil) and its partner have obtained approval...

  • 10 Sep
    08:06
    Baron farm-out agreement with Vale

    Latin America-focused Baron Oil has signed a farm-out agreement with Vale Oil and Gas, Peru. In 2012 Vale the large Brazilian mining company began a divestment programme of its oil and gas...

  • 10 Sep
    07:12
    FLASH: Baron farm-out agreement with Vale

    Story provided by StockMarketWire.com

  • 02 Sep
    08:54
    FTSE edges higher on engineering and mining stocks

    FTSE indices edged slightly higher with engineering and mining stocks leading the way, as the US prepares for a soft opening after enjoying a long weekend. Shortly after the open, the FTSE 100 was...

  • 02 Sep
    08:07
    Baron Oil in the red as revenues fall

    Baron Oil posts an operating loss of £2,010,000 for the six months to the end of June against a profit of £289,000 a year ago. Revenues fell to £1,188,000 - down from £2,059,000. But the group...

  • 02 Sep
    07:12
    FLASH: Baron Oil revenues fall

    Story provided by StockMarketWire.com

  • 09 Jun
    09:30
    Peru block EIA approved, says Baron Oil

    Latin America-focused Baron Oil says the environmental impact assessment for block Z-34 has been approved by Peru's ministry of energy and mines. The licence is now in the third phase out of five...

  • 03 Jun
    08:40
    Baron Oil losses narrow

    Baron Oil booked a loss of £3,565,000 for the year to the end of December - down from £9,471,000 in 2012. The improvement arises primarily from the greatly reduced impairment provisions in...

  • 03 Jun
    07:28
    FLASH: Baron Oil operating losses narrow

    Story provided by StockMarketWire.com

  • 14 Apr
    08:33
    Baron Oil agrees NBM field deal

    Latin America-focused Baron Oil has sold 50% of Inversiones Petroleras de Colombia to C.I. International Fuels. Invepetrol is a special purpose Colombian company holding the company's 50%...

  • 27 Jan
    07:32
    Baron Oil gives operational update

    Baron Oil - an independent oil and gas exploration and production company focused on Latin America - has issued an operational update. The company reports good progress in its discussions with...

  • 27 Jan
    07:02
    FLASH: Baron Oil gives operational update

    Story provided by StockMarketWire.com

  • 17 Sep
    09:22
    Baron Oil posts first operating profit

    Baron Oil reports its first operating profit of £289,000 for the six months to the end of June. The profit compares with a loss of £1.5m last time and a full year loss of £9.3m. Baron Oil says...

  • 16 Jul
    07:49
    Baron Oil agrees Colombia field farm-out

    Baron Oil has agreed to farm-out 50% of its interest in the Nancy- Burdine-Maxime field in Colombia's Putumayo Basin to S&J Full Services Ltd. Baron Oil will receive US $1m upon signing the...

  • 16 Jul
    07:12
    FLASH: Baron Oil agrees Colombia field farm-out

    Story provided by StockMarketWire.com

  • 11 Jul
    08:11
    Baron Oil changes website address

    Baron Oil has a new website address - www.baronoilplc.com - following the company's change of name from Gold Oil. At 8:11am: (LON:BOIL) share price was 0p at 1.25p Story provided by...

  • 11 Jul
    07:19
    FLASH: Baron Oil changes website address

    Story provided by StockMarketWire.com

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