Baron Oil Plc is an independent oil and gas exploration and production company incorporated in the UK in April 2004. The Company’s activities are concentrated around low to medium risk exploration prospects in areas that can be quickly and relatively cheaply developed and monetised.
Timor Leste TL-SO-19-16 – Chuditch
Baron holds a 25% indirect interest in the Chuditch PSC which contains the Chuditch-1 gas discovery, drilled by Shell in 1998. This well was drilled in a total of 26 days for US$8 million and encountered a 25m gas column in the Jurassic Plover formation on the flank of a faulted structure. Shell’s mapping of available seismic data suggests that the Chuditch area may contain large quantities of recoverable gas. The initial work programme includes reprocessing of the existing 3D seismic data over Chuditch, to further define the boundaries of the Greater Chuditch accumulation and determine locations for further drilling.
UKCS P2478 – Dunrobin
In September 2019, Baron was awarded a 15% interest in P2478 (Blocks 12/27c, 17/5, 18/1 and 18/2) under the 31st Round of Offshore Licensing.
Peru Block XXI – El Barco
Onshore exploration (100% interest, subject to reduction by farmout). Following the acquisition of a grid of new 2D seismic data in 2015/16, Baron has identified a new prospect close to the 1954 Minchales-1X well that encountered a small gas accumulation. The Company is discussing with potential co-venturers plans to drill well El Barco-3X to a total depth of 1850 metres in 2019 to test for gas in Miocene Mancora sands and both oil and gas in fractured basement.