Baron Oil plc ("Baron Oil" or "the company")
Nancy Burdine Maxine field onshore Colombia
Baron Oil announces that crude oil production from the Nancy#1 well (which had been running at 400 bbls per day) was temporarily shut-in over the Easter weekend as the crude oil storage facilities located in the field area are now full.
Evacuation by tanker of the Company's produced crude oil had initially been interrupted by a request from Ecopetrol to suspend deliveries until they resolved certain internal issues at their delivery depot.
In addition, and quite separately, the local community group living around the field have blocked the Company's only exit route from the field and are requesting maintenance work be carried out on the key bridge that crosses the Acae river.
The Company anticipates that both these issues should be resolved quickly although it notes the bridge maintenance issue will require input from local government agencies as well as Ecopetrol.
Baron Oil will keep shareholders advised of any developments.
For further information on the Company, visit www.baronoilplc.com or contact:
Baron Oil plc Bill Colvin, Chairman and Chief Executive |
+44 (0)7780 684108 |
Cantor Fitzgerald Europe (Nomad and Broker) Sarah Wharry, Corporate Finance Richard Redmayne, Corporate Broking |
+44 (0)20 7894 7000 |
