19th Apr 2022 12:21
Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Says it has requested the relinquishment of its legacy Block XXI license in Peru through its subsidiary Gold Oil Peru SAC. Explains that it has become "frustrated" in its attempts to access the area to carry out operations. To ask Perupetro SA, the Peruvian national oil & gas agency and licensing authority, to release the licensee's bank guarantee, which stands at USD160,000. Plans to establish and file an abandonment plan for approval by the relevant authorities thereafter. Read More
