Baron Oil (BOIL)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.070p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.12
  • 52 Week Low: 0.050
  • Currency: UK Pounds
  • Shares Issued: 25,511m
  • Volume: 125,898,059
  • Market Cap: £17.86m

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Baron Oil agrees farm-out deal with Brazilian miner

Date: Wednesday 10 Sep 2014

LONDON (ShareCast) - Baron Oil has agreed a farm-out deal with Brazilian miner Vale Oil and Gas for block 21 onshore northwest Peru.


Vale will transfer its entire 70% working interest in the block back to Baron, together with $3.5m, taking its interest to 100%.

The results of a survey conducted on the block in late 2012 showed a very prospective deep sedimentary basin in the central and southern part, Baron said.

"It is interesting to note that a shallow well (Minchales-1) drilled in 1954, in the most southern part of the block, encountered several gas shows," a statement read.

"The well was not completed as natural gas had no commercial value at that time."

The southern part of the block is next to a site where several commercial hydrocarbon wells were recently drilled.

Baron Oil said it remained focused on the rapid completion of the environmental impact assessment in the block's geographical area and once approved plans to shoot 400-500 kilometers of 2D seismic data and once interpreted thoroughly, drill 2-3 relatively shallow exploratory wells.

The company is now fully funded to carry out these activities in Peru.

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Baron Oil Market Data

Currency UK Pounds
Share Price 0.070p
Change Today 0.003p
% Change 3.70 %
52 Week High 0.12
52 Week Low 0.050
Volume 125,898,059
Shares Issued 25,511m
Market Cap £17.86m

Baron Oil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.62% below the market average13.62% below the market average13.62% below the market average13.62% below the market average13.62% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average
Price Trend
48.35% below the market average48.35% below the market average48.35% below the market average48.35% below the market average48.35% below the market average
2.50% above the sector average2.50% above the sector average2.50% above the sector average2.50% above the sector average2.50% above the sector average
Income Not Available
Growth Not Available

Baron Oil Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:26 1,391 @ 0.071p
16:25 2,250,000 @ 0.067p
16:15 1,000,000 @ 0.069p
15:59 3,000,000 @ 0.067p
15:58 10,000,000 @ 0.067p

Baron Oil Key Personnel

CEO Andrew (Andy) Butler

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