Peru Block XXI Final Payment Received

6 October 2015

 

Baron Oil plc

("Baron" or "the Company")

 

Peru Block XXI Update

 

The board of Baron is pleased to announce that the Company's local subsidiary (Gold Oil Peru S.A.C.) is now in receipt of the final payment of $1.25 million from Vale Oil & Gas, Peru in relation to the farm out of Block XXI (announced on 10^th September 2014).

 

For further information:

Baron Oil Plc

Bill Colvin (Chairman & CEO)                                         Tel: +44 (0) 7780 684 108

 

Cantor Fitzgerald Europe 

Nominated Adviser and Broker

Sarah Wharry (Corporate Finance)                                 Tel:  +44 (0) 20 7894 7000