Baron Oil (BOIL)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.083p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.12p
  • 52 Week Low: 0.050p
  • Currency: UK Pounds
  • Shares Issued: 25,511m
  • Volume: 115,890,211
  • Market Cap: £21.05m

InfraStrata, Baron Oil to plug, abandon Woodburn Forest-1 well

By Andrew Schonberg

Date: Thursday 16 Jun 2016

LONDON (ShareCast) - (ShareCast News) - Shares in InfraStrata and Baron Oil fell more than 20% after they confirmed the Woodburn Forest-1 well in Northern Ireland would be plugged and abandoned.
The well, in County Antrim, was drilled to a depth of 2,000 metres and encountered two conventional sandstone reservoir intervals, the Triassic Sherwood and the Lower Permian Sandstones.

Wireline log analysis had calculated porosities of more than 20% in the upper parts of both the Sherwood and the Lower Permian Sandstones, but both targets were water wet. The well would now be plugged and abandoned.

"It is naturally disappointing not to have encountered a hydrocarbon accumulation and the joint venture will now fully evaluate the data collected in the well and decide where to focus its future exploration activity in the basin," said InfraStrata chief executive Andrew Hindle.

At 16:20 BST, InfraStrata was down 21.8% to 1.52p, while Baron Oil was lower 22.73% to 0.42p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Baron Oil Market Data

Currency UK Pounds
Share Price 0.083p
Change Today 0.003p
% Change -2.94 %
52 Week High 0.12p
52 Week Low 0.050p
Volume 115,890,211
Shares Issued 25,511m
Market Cap £21.05m

Baron Oil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.93% below the market average27.93% below the market average27.93% below the market average27.93% below the market average27.93% below the market average
84.42% below the sector average84.42% below the sector average84.42% below the sector average84.42% below the sector average84.42% below the sector average
Price Trend
17.41% above the market average17.41% above the market average17.41% above the market average17.41% above the market average17.41% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income Not Available
Growth Not Available

Baron Oil Dividends

No dividends found

Trades for 26-Jun-2024

Time Volume / Share Price
16:28 1,176 @ 0.085p
16:09 20,319,035 @ 0.085p
15:47 3,560,271 @ 0.085p
15:40 854,930 @ 0.082p
15:40 17,647 @ 0.085p

Baron Oil Key Personnel

CEO Andrew (Andy) Butler

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