Highlights
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.
UKCS P2235 – Wick
Baron has a 15% interest in offshore P2235 (Block 11/24b), on which the Wick exploration well (11/24b-4), commenced drilling on 24 December 2018. Drilling reached a TD of 1,000m MD, but failed to encounter hydrocarbons and the well was plugged and abandoned on 16 January 2019. No further activity is currently planned on Licence P2235.
Interest
UKCS P1918 Area – Colter
Baron has an 8% interest in offshore P1918 (Block 98/11a) and in onshore PEDL330 and 345. Drilling of the Colter exploration well (98/11a-6) commenced on 6 February 2019 but unexpectedly remained on the downthrown side of the Colter bounding fault (Colter South). The well encountered oil and gas shows over a 9.4 m interval at the top of the Sherwood Sandstone and reached a TD of 1,870m MD. In addition, a side-track (98/11a-6z) was drilled to a TD of 1,910m MD which upgraded prospects for PEDL345 which includes the major part of the Purbeck Prospect, in which the presence of oil and gas was demonstrated by the Southard Quarry-1 well, drilled by BP in 1990.
Interest
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.
Interest