Annuncio • Jun 02
Sunda Energy Plc, Annual General Meeting, Jun 26, 2026 Sunda Energy Plc, Annual General Meeting, Jun 26, 2026. Location: the offices of allenby capital limited, 5 st helens place, ec3a 6ab, london United Kingdom Board Change • May 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Keith Bush is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 10
Sunda Energy Plc has completed a Follow-on Equity Offering in the amount of £0.404779 million. Sunda Energy Plc has completed a Follow-on Equity Offering in the amount of £0.404779 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 13,606,029
Price\Range: £0.02975
Security Features: Attached Warrants
Transaction Features: Regulation S Annuncio • Apr 09
Sunda Energy Plc (AIM:SNDA) signed a Share Sale and Purchase Agreement to acquire Matahio Energy NZ Limited from Matahio Ventures Pte. Limited for $27 million. Sunda Energy Plc (AIM:SNDA) signed a Share Sale and Purchase Agreement to acquire Matahio Energy NZ Limited from Matahio Ventures Pte. Limited for $27 million on April 8, 2026. As part of the acquisition, Sunda Energy Plc will acquire the entire issued share capital of Matahio Energy NZ Limited. A cash consideration will be paid by Sunda Energy Plc. As part of consideration, the aggregate consideration is expected to be between $8 million and $14 million, with this anticipated to be at the high end of the range in the current oil price environment and contingent consideration expected to be between $1 million and $13 million, mostly related to a successful outcome of planned exploration drilling. Payments phased with a Deposit, Completion Payment and Deferred Consideration with the final payment date estimated to fall in Q3 2027. The transaction will be funded by a proposed fundraising of up to $8.88 million (£6.7 million), including a $1.19 million (£0.9 million) firm subscription, $1.06 million (£0.8 million) in conditional subscriptions, up to $0.99 million (£0.75 million) from a retail offer, and up to $5.63 million (£4.25 million) from convertible loan notes.
For the period ending December 31, 2025, Matahio Energy NZ Limited reported total revenue of $20.07 million (NZD 35.13 million), net loss of $4.17 million (NZD 7.30 million) and EBITDA of $1.86 million (NZD 3.26 million). As of December 31, 2025, Matahio Energy NZ Limited reported net assets of $10.3 million (NZD 18.03 million).
The transaction is conditional, inter alia, on New Zealand government approval for the change of control which is expected to take four to six months from the announcement.
Nick Athanas, Nick Harriss and Ashur Joseph of Allenby Capital Limited acted as financial advisor to Sunda Energy Plc. Neil Passmore of Hannam & Partners LLP acted as financial advisor to Sunda Energy Plc. Annuncio • Apr 08
Sunda Energy Plc has filed a Follow-on Equity Offering in the amount of £0.75 million. Sunda Energy Plc has filed a Follow-on Equity Offering in the amount of £0.75 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 25,210,084
Price\Range: £0.02975
Security Features: Attached Warrants
Transaction Features: Regulation S Annuncio • Oct 17
Sunda Energy Plc has completed a Follow-on Equity Offering in the amount of £0.47 million. Sunda Energy Plc has completed a Follow-on Equity Offering in the amount of £0.47 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,880,000,000
Price\Range: £0.00025 Annuncio • Oct 15
Sunda Energy Plc has filed a Follow-on Equity Offering in the amount of £0.23 million. Sunda Energy Plc has filed a Follow-on Equity Offering in the amount of £0.23 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 920,000,000
Price\Range: £0.00025 Annuncio • Jun 03
Sunda Energy Plc, Annual General Meeting, Jun 27, 2025 Sunda Energy Plc, Annual General Meeting, Jun 27, 2025. Location: the offices of fieldfisher llp, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdom Annuncio • Aug 12
Sunda Energy plc Announces the Appointment of Rob Collins to the Board of Directors Sunda Energy Plc announced the appointment of Rob Collins to the Board of Directors with immediate effect. Further to the announcement on 23 April 2024 of the engagement of Rob Collins as the Company's Chief Financial Officer in a non-board capacity, Sunda announced Rob's appointment to the Board of Directors with immediate effect. Rob Collinshas over 20 years' experience in natural resources corporate finance, advising on a broad range of corporate transactions spanning various commodity groups and transactions primarily at Evolution Securities, Canaccord Genuity Europe and GMP Securities Europe. He has successfully advised on numerous IPOs, public and private equity raises and M&A transactions for many UK, Canadian and Australian listed companies as well as acting as CFO for Victoria Oil & Gas Plc. Rob commenced his career at Coopers and Lybrand and is a qualified Chartered Accountant. Rob has been working with the Company, initially as a consultant, since December 2023. Robert ("Rob") Stewart Collins (aged 54) is, or has been, a director or partner of the following companies or partnerships during the previous five years: Current Directorships or Partnerships: Victoria Oil & Gas plc and ZAO Severgas-Invest (Russia); Previous Directorships or Partnerships: Victoria Energy Central Asia UK Ltd;
Alternative Resource Capital LLP; Sully & Partners LLP; Victoria Petroleum Ltd; Victoria Oil & Gas Central Asia Ltd; Orca Resource Capital Advisors LLP; Gaz du Cameroun Investments Ltd. (Guernsey); Bramlin Ltd. (Guernsey); Gaz du Cameroun SA (BVI). Rob Collins is a director of Victoria Oil & Gas plc and the company was placed into administration on 20 February 2023. The administration proceedings remain ongoing. Recent Insider Transactions • May 31
Independent Non-Executive Chairman recently bought €2.4m worth of stock On the 28th of May, Gerald Aherne bought around 30m shares on-market at roughly €0.079 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Gerald's only on-market trade for the last 12 months. Board Change • May 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Technical Director & Director Jon Ford is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Keith Bush was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 24
Baron Oil Plc Appoints Rob Collins as Chief Financial Officer Baron Oil Plc announced Rob Collins has been appointed as the company’s chief financial officer (CFO), currently a non-board position. Rob Collins has over 20 years' experience in natural resources corporate finance, advising on a broad range of corporate transactions spanning various commodity groups and transactions primarily at Evolution Securities, Canaccord Genuity Europe and GMP Securities Europe. He has successfully advised on numerous IPOs, public and private equity raises and M&A transactions for many UK, Canadian and Australian listed companies as well as acting as CFO for Victoria Oil & Gas Plc. Rob commenced his career at Coopers and Lybrand and is a qualified Chartered Accountant. Annuncio • Apr 23
Baron Oil plc Announces Board Changes Baron Oil Plc announced further to the company's announcement on 15 March 2024, the company provided a further update regarding the changes to the company's board of directors. John Wakefield has stepped down as chairman of the board with effect from 22 April 2024 and Gerry Aherne has now been appointed to the Board as the company’s new independent non-executive chairman with immediate effect. Jon Ford, Technical Director for Baron, has elected to step down from the Board at the end of April 2024. Jon will be retained by the company in a part-time consultancy role to act as a technical adviser. Dr. John Chessher has joined the board as an independent non-executive director with immediate effect. Gerry Aherne has a wealth of career experience in insurance and financial markets, having been a founding director of PRI Group plc, a directors' and officers' liability insurer, and having held non-executive directorships with Henderson Group plc, Mecom Group plc, Omnis Investments Ltd. and Iveagh Ltd. He was Investment Director at Schroder Investment Management for 16 years, managing pension funds and unit trusts, Chairman of Electric & General Investment Trust plc, and also Chairman of Cenkos Securities plc from 2012 to 2018. He is currently Managing Partner of Javelin Capital Partners LLP. Dr. John Chessher is a highly experienced investment industry professional who has held CEO and director-level positions at leading asset management and investment banking firms. John has extensive knowledge and experience of corporate research and capital raising, including as CEO of Cenkos Securities Asia and Head of Asia Pacific Research at Schroder Investment Management. He holds an MA in Engineering Science from Oxford University and DBA, MSc and MBA qualifications from Henley Business School. He is a CFA charter-holder and currently combines non-executive and advisory roles with his position as a lecturer at Henley Business School. Annuncio • Apr 17
Baron Oil plc Provides an Update on Operational Activities and Plans on the TL-SO-19-16 Production Sharing Contract, Offshore Democratic Republic of Timor-Leste Baron Oil Plc provided an update on operational activities and plans on the TL-SO-19-16 Production Sharing Contract, offshore Democratic Republic of Timor-Leste. As announced by the Company on 12 February 2024 and updated on 27 March 2024, Baron's wholly owned subsidiary, SundaGas Banda Unipessoal Lda, has been conducting a survey at the planned drilling location for the Chuditch-2 appraisal well (the "Site Survey"). The objective of a Site Survey is principally to identify hazards at a proposed well site, ensuring that a drilling rig can be located safely and with minimal environmental impact. The Site Survey work has consisted of geophysical studies (remote seabed investigation) and geotechnical work (physical studies of the seabed), using two separate vessels. All operational work related to the Site Survey has now been successfully completed and the vessel has left the PSC area. Some delays occurred during both the geophysical and geotechnical phases of the Site Survey, principally caused by weather conditions and a few other operational issues, but the work has now been completed, and at a cost significantly below the approved budget. Detailed investigation of the location initially chosen for the Chuditch- 2 well revealed an irregular seabed that would be unsuitable for placement of a jack-up drilling rig. As a result, a new more appropriate location has been chosen, which lies 286m to the east-northeast of the initial location. The well will now be situated 5.1km from the site of the original Chuditch-1 discovery well in a water depth of 68m. Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location. Drilling Planning Preparations In parallel to the recent Site Survey operations, drilling planning has continued at a good pace. SundaGas' experienced in-house drill team has further refined the well design, enabling the process of tendering for essential materials that have long procurement times such as well casing to have commenced. Design work on a Chuditch-2 well test (DST) is ongoing, led by SundaGas' well test engineer. SundaGas is in discussions with drilling rig contractors and other third-party service providers in support of well construction plans. The Company is also liaising closely with other operators in the region that are expected to drill wells in locations relatively nearby. Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable. SundaGas and its joint venture partner TIMOR G AP are working on resources to ensure successful delivery of the upcoming Chuditch-2 appraisal drilling campaign. Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time. New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (34% increase in shares outstanding). Market cap is less than US$100m (€19.4m market cap, or US$20.7m). Annuncio • Mar 17
Baron Oil plc Announces Chief Executive Officer Changes Baron Oil Plc announced certain changes to its Board of Directors to reflect the Company's current strategic focus on its South East Asian business where Baron has an experienced and capable team, with a genuinely material asset in the Chuditch gas project in Timor-Leste. Mr. Andy Yeo, Chief Executive Officer has informed the board of their intentions to resign from their position on the Board. Dr. Andy Butler (currently Director Asia-Pacific) is taking on the role of Chief Executive Officer with immediate effect. Andy Yeo will remain on the Board until the end of March 2024 to ensure an orderly transition of responsibilities to the new Chief Executive Officer. Annuncio • Mar 16
Baron Oil plc Announces the Resignation of John Wakefield, as Non-Executive Chairman Baron Oil Plc announced certain changes to its Board of Directors to reflect the Company's current strategic focus on its South East Asian business where Baron has an experienced and capable team, with a genuinely material asset in the Chuditch gas project in Timor-Leste. Mr. John Wakefield, Non-Executive Chairman, and Mr. Andy Yeo, Chief Executive Officer, have both informed the board of their intentions to resign from their positions on the Board. Dr. Andy Butler (currently Director Asia-Pacific) is taking on the role of Chief Executive Officer with immediate effect. Andy Yeo will remain on the Board until the end of March 2024 to ensure an orderly transition of responsibilities to the new Chief Executive Officer. John Wakefield will step down from the Board once a new Non-Executive Chair has been appointed. The process for the appointment of a new Non-Executive Chair is underway, with suitable candidates already under consideration by the Board. Any such appointment to the board will be subject to, inter alia, the customary due diligence and appropriateness checks by the Company's nominated adviser regarding the suitability of new directors and Board composition as required under the AIM Rules for Companies and the AIM Rules for Nominated Advisers. New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (€15.5m market cap, or US$16.7m). Annuncio • Feb 14
Baron Oil plc Announces Chuditch Operational Update Baron Oil Plc provided an update on operational activities on the TL-SO-19-16 Production Sharing Contract, offshore Democratic Republic of Timor-Leste. Baron's wholly owned subsidiary, SundaGas Banda Unipessoal Lda has entered into contracts to conduct a survey at the planned drilling location for the Chuditch-2 appraisal well, which is illustrated in the Company's presentation published on 11 October 2023. Site Survey operations are expected to be carried out at the location during February and early March 2024. The objective of the Site Survey, which is a requirement, is principally to identify any potential hazards at the proposed well site, ensuring that a drilling rig can be safely located there with minimal environmental impact. The Site Survey work consists of geophysical studies and physical investigation of the seabed and shallow geological section. SundaGas maintains dialogues with other companies active in the region to identify operational synergies for the drilling of the Chuditch-2 appraisal well. These discussions have resulted in the opportunity to acquire the Site Survey in partnership with a nearby operator. The estimated cost savings that derive from sharing services and vessel mobilisation compared to standalone acquisition are significant. In addition, the shared operation enables SundaGas to acquire the Site Survey earlier than originally planned, enabling aspects of well design to be accelerated and the environmental approval submissions to be expedited. Annuncio • Nov 30
Baron Oil plc Provides an Update on Preparations for Drilling Activities on the Tl-So-19-16 Production Sharing Contract Baron Oil Plc provided an update on preparations for drilling activities on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste. Baron's wholly owned subsidiary and operator of the PSC, SundaGas Banda Unipessoal, Lda has achieved the first step of three in securing environmental approvals for the drilling and testing of an appraisal well on the Chuditch field. The Timor-Leste government regulator for oil and gas, Autoridade Nacional do Petroleo, has issued a project classification (Drilling activity - Category A) following its assessment of the Project Document that describes the asset and project plan. Having passed this milestone, ANP has now requested SundaGas to proceed to the next step in the process, which is submission of a Terms of Reference, including initial public consultations. Drilling Planning Progress In its announcement and website presentation of 11 October 2023, the Company provided detailed information on the selected location for the Chuditch-2 appraisal well, the drilling of which is subject to financing. Good progress has continued to be made in preparation for the drilling campaign. SundaGas, its joint venture partner TIMOR GAP Chuditch Unipessoal Lda and ANP recently held the first of a number of workshops to collaborate on planning for drilling operations. All aspects of the preliminary operational plans were reviewed, including provisional well designs, detailed procurement procedures and health, safety and environmental planning. The next workshop is scheduled for mid-December 2023. SundaGas is seeking to maximise Timor-Leste local content in the provision of drilling support services for the planned Chuditch-2 appra well. An experienced Timorese drilling engineer has been recruited to join the SundaGas well operations team, and expressions of interest are being sought from in-country suppliers to provide services from the Timorese private sector, including in the areas of marine and helicopter logistics, fuel and consumables. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Keith Bush was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 12
Baron Oil plc Announces UK Licence P2478 Update Baron Oil Plc notes announced that Reabold Resources plc in relation to offshore United Kingdom Licence P2478 (the "Licence"), in which Baron holds a 32% interest. Reabold Resources is the Licence administrator. The joint venture for offshore UK Licence P2478 has been granted a two year extension to Phase A of the licence by the UK North Sea Transition Authority ("NSTA", formerly the Oil and Gas Authority). A 'Drill or Drop' decision is now required on or before 14 July 2025. The extension has been made via a Deed of Variation to the Licence, which stipulates an additional commitment to acquire a minimum of 30 square kilometres of 3D seismic data. Annuncio • Jul 04
Baron Oil Plc Appoints Dr. Andrew (Andy) Butler to the Board as Director, Asia Pacific Baron Oil Plc announced that Dr. Andrew (Andy) Butler commenced his appointment to the Board of Baron as Director, Asia Pacific, on 1 July 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman John Wakefield was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 24
Baron Oil plc Provides Chuditch PSC Update Baron Oil Plc provided a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste ("Chuditch", the "Chuditch PSC" or "PSC") and the preliminary interpretation of the reprocessed Chuditch 3D seismic data. Best case aggregate gross Gas-In-Place estimate of approximately 5,500 BCF versus an equivalent estimate of 3,889 BCF prior to 3D seismic data reprocessing. Best case Recoverable Resource estimate of 3,625 BCF, using preliminary gas recovery factors of between 50% and 75%, versus an equivalent estimate of 2,924 BCF prior to 3D seismic data reprocessing. Chuditch-1 gas discovery best case Recoverable Resource estimate of 1,350 BCF is materially larger and may independently represent a Liquefied Natural Gas ("LNG") scale resource. ERCE engaged to prepare a Competent Person's Report ("CPR") - potential for contingent resources to be assigned to the Chuditch-1 discovery. Chuditch SW prospect Gas-In-Place estimate has increased, but greater structural complexity may imply a lower recovery factor. Extension of sizable Chuditch NE Lead onto 3D seismic data area confirmed. The previously unevaluated 'Quokka' Lead extends onto the 3D seismic data area. Preliminary interpretation of the Chuditch PSC reprocessed 3D seismic data is leading to significant increases in management's aggregate Gas-in-Place and Recoverable Gas Resource estimates (the "Update") compared to the previous independent Prospective Resource estimates by THREE60 Energy. The preliminary interpretation has led to a significant uplift in seismic imaging quality and has significantly reduced subsurface risk. Mapping indicates a greater concentration of resources into the Chuditch-1 discovery in a simplified and robust structure with relatively high gas recovery expected. The adjacent prospectivity has evolved; its understanding is now more robust, including confirmation of leads extending onto the 3D seismic data area. Consultancy group ERCE has been engaged to prepare a CPR to provide an independent validation of Baron's internal resource estimates to a SPE PRMS compliant standard, which will include a probabilistic estimate of Resources and revised risk factors. Annuncio • May 31
Baron Oil Plc, Annual General Meeting, Jun 28, 2022 Baron Oil Plc, Annual General Meeting, Jun 28, 2022, at 10:00 Coordinated Universal Time. Location: at 38-43 Lincoln's Inn Fields London United Kingdom Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman John Wakefield was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 15
Baron Oil Plc Announces Independent Resource Update for the Chuditch PSC Baron Oil Plc announced the results of an independent review of Prospective Resources by THREE60 Energy Asia Sdn. Bhd. ("THREE60 Energy") for the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste (the "Chuditch PSC" or the "PSC"). · Independent review of the Chuditch PSC, validated to SPE PRMS 2018 industry standards, indicates gross Mean Prospective Resources of 3,368 Bscf of gas and 30 MMbbl of condensate, equivalent to a total of 592 MMBOE.· Subsurface risks for prospects and lead estimated to be low since they share analogous geological characteristics to the Chuditch-1 and other gas discoveries in adjacent Timor-Leste and Australian waters.· High Estimate of gross Prospective Resources equivalent to 1,156 MMBOE may reflect potential for a single, large accumulation. Baron's Timor-Leste subsidiary SundaGas Banda Unipessoal, Lda. ("Banda" or "SundaGas Banda") holds a 75% operating interest in the Chuditch PSC, offshore Timor-Leste. The remaining 25% interest in the PSC is held by TIMOR GAP Chuditch Unipessoal, Lda., a subsidiary of the Timor-Leste state oil company, which is carried for all exploration and development costs through to first production. Baron therefore has an effective interest of 75% in the PSC. Banda commissioned THREE60 Energy to critically review and validate Banda's interpretation of available subsurface data and to perform independent volumetric and risk factor calculations on the Chuditch-1 discovery and the adjacent prospects and lead. THREE60 Energy independently assessed the petrophysics, reservoir geology and reservoir engineering aspects of Chuditch-1. THREE60 Energy did not undertake an independent seismic interpretation, but reviewed in detail Banda's mapping, which is based on the 2D seismic data available to date. As previously announced, Banda has now licensed pre-existing 3D seismic data which are being reprocessed by TGS-NOPEC Geophysical Company ASA ("TGS") and it is intended that these data will be incorporated in future resource updates at the appropriate junctures. THREE60 Energy assessed volumes of gas and associated condensate, the latter being included in Baron's published resource assessments for the first time. THREE60 Energy has applied to its resource volume estimates the definitions and guidelines set out in the 2018 Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE) and reviewed and jointly sponsored by the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG), the Society of Petroleum Evaluation Engineers (SPEE), the Society of Exploration Geophysicists (SEG), the Society of Petrophysicists and Well Log Analysts (SPWLA) and the European Association of Geoscientists & Engineers (EAGE) - abbreviated to the "SPE PRMS 2018". Annuncio • Feb 27
Baron Oil Plc Announces Extension Request for the Chuditch PSC Approved Baron Oil Plc announced 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. Annuncio • Feb 02
Baron Oil plc Provides an Update on Licence P2478 in the United Kingdom Baron Oil Plc provides an update on licence P2478 in the United Kingdom, further to the Company's announcements of 29 April 2020 and 1 October 2020. The exclusivity period for the work sharing agreement for licence P2478, Inner Moray Firth with a large European E&P Company ("Interested Party"), signed in April 2020 and extended in October 2020 at the request of the Interested Party, was completed on 31 January 2021. As agreed, the Interested Party's regional technical studies including the area of the P2478 licence have been presented to the Joint Venture partners Corallian Energy, Upland Resources and Baron (the 'JV'). The exclusivity period has therefore ended, although the confidentiality period between the JV and Interested Party continues. This licence, which contains the large Dunrobin and smaller Golspie prospects, was awarded to the JV in September 2019 as part of the UK 31st Offshore Licensing Round. The licence's current modest Phase A work commitment is for the JV to undertake reprocessing of legacy 2D and 3D seismic data and perform other studies in order to reduce risk and refine volumetric estimates ahead of making a 'drill or drop' decision before the end of Phase A in July 2023. Annuncio • Oct 31
Baron Oil plc Announces Board Changes Baron Oil Plc announced retirement of Dr. Malcolm Butler, Executive Chairman, who has served the Company in both executive and non-executive roles since 2015. His departure from the Board will take effect from today's date but he will continue to act as an Advisor to the Company until 31 March 2021. The Company announced the appointment of John Wakefield as independent non-executive Chairman and the appointment of Jon Ford, previously non-executive Director, as Technical Director, both with immediate effect. Andy Yeo, who was previously Managing Director, now becomes Chief Executive of the Company with immediate effect. John is an experienced quoted company director and corporate adviser, having previously worked at several nominated adviser firms. He qualified as a solicitor with McKenna & Co (now CMS Cameron McKenna) and was a lecturer in law at the University of Newcastle before moving into corporate finance, first with Williams de Broë Limited and then at Rowan Dartington & Co Limited, where he was a founder director, shareholder and head of corporate finance. Jon has more than 39 years' experience in the upstream oil and gas industry in a variety of roles in petroleum geoscience and senior management. He has been involved in successful exploration, development and production projects in the UK, Netherlands, Romania, Tunisia and Indonesia among others. He has been a non-executive director of Baron Oil since April 2019. Annuncio • Oct 03
Corallian Energy Limited, Upland Resources Limited and Baron Oil plc Announce the Extension of Work Sharing and Confidentiality Agreement Baron Oil Plc noted that the licence administrator for UK Licence P2478, Corallian Energy Limited ("Corallian") has issued the statement. Corallian and JV partners extend the exclusivity period for the work sharing agreement for licence P2478, Inner Moray Firth. Corallian, together with Joint Venture partners ("JV partners"), Upland Resources and Baron Oil, signed in April 2020 a Work Sharing and Confidentiality Agreement with a large European E&P Company ("Interested Party") for licence P2478 in the Inner Moray Firth. Under the terms of the agreement Corallian and JV partners agreed to cease marketing a joint farmout to industry until 30th September 2020, during which period the Interested Party would complete its own regional technical work and share its data and interpretations over the area with Corallian and JV Partners ("Exclusivity Period"). The Interested Party has requested a 4-month extension to the Exclusivity Period to 31st January 2021 to complete their evaluation which the P2478 Licensees have agreed to. Corallian and JV partners may further extend the Exclusivity Period with the Interested Party by mutual agreement until the 30th April 2020 should such Party commit to negotiate farmin terms to earn an interest in the licence. 
