Baron Oil Announces Extension Request for the Chuditch PSC

Source: www.gulfoilandgas.com 2/26/2021, Location: Asia

Baron Oil Plc (BOIL), the AIM-quoted oil and gas exploration company, is delighted to announce that SundaGas Banda Unipessoal Lda. ("SundaGas"), in which Baron is an indirect 33.33% shareholder and which operates the TL-SO-19-16 PSC (the "Chuditch PSC") in Timor-Leste, has been granted a 12-month extension to Contract Year 1 of the Chuditch PSC. Accordingly, the new expiry date of Year 1 of the 3 year initial licence phase ("Initial Period") is now 8 November 2021.

This extension to the PSC timeline comes alongside significant progress being made towards resolving issues around data access which is expected to allow SundaGas to be able to complete the commitment work programme in a timely manner.

Andy Yeo, Chief Executive of Baron Oil, Commented:

"We are delighted that SundaGas has been able to get the Chuditch project back on track, with Baron's support and in collaboration with ANPM. We look forward to updating shareholders as we move forward with this exciting and material investment."


Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...
United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...

Sudan >>  8/1/2022 - Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportu...
Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...

Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...
United Arab Emirates >>  7/29/2022 - Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offsho...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.