Baron entered into a six-month Joint Study Group with SundaGas Pte. Ltd. in 2016 to investigate possible new projects in Southeast Asia. Review of a range of possibilities led to an application being submitted by SundaGas for a new offshore licence over an area containing an existing gas discovery. It was hoped that an early decision would be made by the host government but it has now been over 2 years since the submission and the chances of a successful outcome are now considered to be low. If the block is awarded to SundaGas Baron will have the right to request assignment of a 25% interest.
31st Offshore Licensing Round
8% -15% Interest
Baron applied in early November 2018 for additional blocks in offshore areas of the United Kingdom. If successful, Baron would be entitled to an interest of between 8% and 15% in any blocks awarded.
The results of the 31st Offshore Licensing Round are not expected to be announced until the second quarter of 2019.