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On 25 November 2022, Baron Oil Plc announced the completion of changes to the provision of funds for the Deposit for the Guarantee and related matters concerning the Chuditch Bank Guarantee. Following these changes, Baron Oil Plc is now the provider of 100% of the collateral for the Guarantee.
| Date | 25 Nov 2022 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 5640H |
25 November 2022
Baron Oil Plc
("Baron", or the "Company")
Completion of changes to Chuditch Bank Guarantee
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, announces that the changes to the provision of the funds for the Deposit for the Guarantee and related matters, as described in the Company's announcement of 15 November 2022 have been successfully completed. Accordingly, Baron is now the provider of 100% of the collateral for the Guarantee.
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 07.00 on 15 November 2022.
For further information, please contact:
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Baron Oil Plc |
+44 (0) 20 7117 2849 |
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Andy Yeo, Chief Executive |
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Allenby Capital Limited |
+44 (0) 20 3328 5656 |
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Nominated Adviser and Broker |
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Alex Brearley, Nick Harriss, Nick Athanas, George Payne (Corporate Finance) |
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Kelly Gardiner (Sales and Corporate Broking) |
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IFC Advisory Limited |
+44 (0) 20 3934 6630 |
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Financial PR and IR |
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Tim Metcalfe, Florence Chandler |
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