BOIL – OGA Approval Granted for Wick Farm-In

16 May, 2018 – Baron Oil (AIM: BOIL) is pleased to announce that it has been informed by Corallian Energy Limited, as operator of UK Seaward Production Licence P2235 (UKCS Block 11/24b), that the Oil & Gas Authority (“OGA”) has approved the assignment to the Company of a 15% interest in this licence, which contains the Wick Prospect.
 
Malcolm Butler, Chairman & CEO of Baron Energy PLC, said:
 
“This approval enables Baron to formalise its 15% interest in the licence holding the Wick Prospect and become a full voting party under the Joint Operating Agreement, which is now being prepared and will govern operations on the licence.”
 
Full announcement at http://www.baronoilplc.com