Baron Oil PLC Update on Final Assignment for Block Z-34 Peru (7171X)
February 23 2017 - 10:30AM
UK Regulatory
TIDMBOIL
RNS Number : 7171X
Baron Oil PLC
23 February 2017
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
BARON OIL PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Baron Oil plc
Update on Final Assignment for Block Z-34 Peru
Baron Oil PLC (AIM:BOIL) ("Baron") notified shareholders on 9th
February that the Public Deed had been signed by Gold Oil Peru SAC
(Baron's Peruvian subsidiary), Union Oil & Gas Group ("UOGG")
and PeruPetro and that Baron expected the assignment to UOGG become
final within 10 days. This document also has to be signed by the
Central Bank of Peru, which Baron anticipated would take place
rapidly. Unfortunately, the public deed has been deposited for
signature by the Notary but Baron is still waiting for signature to
occur. The Board of Baron hope this will take place very soon but
are not currently able to predict when it might happen. Once this
has been signed, UOGG will be liable to pay Baron the sum of US$2
million, on which Baron will have to pay Peruvian tax at 32%.
For further information on the Company, visit
www.baronoilplc.com or contact:
Baron Oil Plc: Tel: +44 (0)1892 838948
Malcolm Butler (CEO)
Cantor Fitzgerald (Nominated Advisor and Joint Broker): Tel: +44 (0)20 7894 7000
Sarah Wharry (Corporate Finance)
Alex Pollen (Corporate Broking)
SP Angel (Joint Broker) Tel: +44 (0)20 7470 0470
Richard Hail / Richard Redmayne
The person making this notification on behalf of Baron Oil plc
is Geoff Barnes, the Chief Financial Officer and Director of the
Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASADAEDXEFF
(END) Dow Jones Newswires
February 23, 2017 11:30 ET (16:30 GMT)
Baron Oil (LSE:BOIL)
Historical Stock Chart
From Apr 2024 to May 2024
Baron Oil (LSE:BOIL)
Historical Stock Chart
From May 2023 to May 2024