11 March 2016
Baron Oil plc
("Baron " or "the Company")
Woodburn Forest -1 well - commencement of wellsite construction
The Company notes the announcement released this morning by InfraStrata plc, regarding the commencement of wellsite construction for the Woodburn Forest-1 exploration well in Northern Ireland Petroleum Licence PL1/10 ("PL1/10"). Under the terms of the Farmout Agreement announced on 19 January 2016, Baron will earn a 10% interest in PL1/10. The drilling of the well is expected to commence in May 2016.
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
This information is provided by RNS