Baron Oil (GB:BOIL) has released an update.
Baron Oil has proudly announced its progression into the third year of the Chuditch Production Sharing Contract (PSC) in Timor-Leste, with a firm commitment to drilling an appraisal well following positive seismic data analysis that reveals significant gas resources. The company has also doubled its bank guarantee to $2 million in accordance with the increased work program and is actively engaging potential funding partners for the drilling scheduled for early 2025. Furthermore, Baron Oil is enhancing investor relations by presenting at the Proactive One2One Investor Forum in London and providing accessible materials and recordings online.
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