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IN BRIEF: Baron Oil announces Chuditch-2 well location

11th Oct 2023 13:57

Baron Oil PLC - London-based oil & gas exploration and appraisal company - Says chosen location for

Chuditch-2 well is 4.8 kilometres from Chuditch-1. Says Chuditch-2 will use a vertical well design to target a gas column of over 100 metres. It will be drilled in late 2024, with drilling expected to take 21 days. Adds water depth at Chuditch-2 location is 60 metres and the well to be drilled to 3,020 metres below mean sea level.

Current stock price: 0.080 pence, up 1.7%

12-month change: down 12%

By Sabrina Penty, Alliance News reporter

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