Baron Oil updates on drilling activities at Chuditch

Baron Oil Plc (LON:BOIL), the AIM-quoted oil and gas exploration and appraisal company focused on assets in SE Asia and the UK, is pleased to provide an update on preparations for drilling activities on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste.

Environmental Approvals Progress

Baron’s wholly owned subsidiary and operator of the PSC, SundaGas Banda Unipessoal, Lda has achieved the first step of three in securing environmental approvals for the drilling and testing of an appraisal well on the Chuditch field. The Timor-Leste government regulator for oil and gas, Autoridade Nacional do Petróleo, has issued a project classification (Drilling activity – Category A) following its assessment of the Project Document that describes the asset and project plan. Having passed this milestone, ANP has now requested SundaGas to proceed to the next step in the process, which is submission of a Terms of Reference, including initial public consultations.

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