RNS Number : 8585O

Baron Oil PLC

11 February 2021

11 February 2021

Baron Oil Plc

("Baron" or "the Company")

Relinquishment of UK Licenses PEDL330 & PEDL345

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, announces that in accordance with the Operator's recommendation, the PEDL330 and PEDL345 licenses, which were due to expire on 31 July 2021, have been relinquished with an effective date of 31 January 2021.

Baron held an 8% interest in both PEDL330 & PEDL345.

For further information, please contact:

Baron Oil Plc                                          +44 (0)20 7117 2849 
Andy Yeo, Chief Executive Officer 
Allenby Capital Limited                                +44 (0)203 328 5656 
Nominated Adviser and Joint Broker 
Alex Brearley, Nick Harriss, Nick Athanas (Corporate 
Kelly Gardiner (Sales and Corporate Broking) 
Turner Pope Investments (TPI) Limited                  +44 (0)20 3657 0050 
Joint Broker 
Andy Thacker, Zoe Alexander 

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(END) Dow Jones Newswires

February 11, 2021 11:13 ET (16:13 GMT)