Baron Oil Signs Pact for Peruvian License
September 10 2014 - 2:18AM
Dow Jones News
LONDON--Baron Oil PLC (BOIL.LN) said Wednesday that it now owns
100% working interest in Peruvian oil and gas license, Block XXI,
pursuant to a farm-out agreement with Vale Oil and Gas.
Under the agreement, Vale Oil will transfer its entire 70%
working interest in Block XXI to Baron Oil, and will also pay $3.5
million.
Write to Tapan Panchal at tapan.panchal@wsj.com
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