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RNS Number : 6297E Baron Oil PLC 03 July 2023
3 July 2023
Baron Oil Plc
("Baron" or the "Company")
Director Appointment
Further to the Company's announcement on 19 June 2023, Baron Oil Plc
(AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company,
announces that Dr. Andrew (Andy) Butler commenced his appointment to the Board
of Baron as Director, Asia Pacific, on 1 July 2023.
Dr Andy Butler, commented:
"Having been closely associated with Baron for almost seven years, through our
initial new venture partnership to the capture and de-risking of the
TL-SO-19-16 PSC in Timor-Leste, I'm pleased now to be joining the Company as a
Director. It is the right time for the Company, as we focus our efforts
towards the appraisal drilling of the Chuditch gas discovery and the
realisation of the value in the project for all of the Company's
stakeholders."
Additional disclosures required under the AIM Rules for Companies
Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for
Companies, Andrew John Butler, aged 52 is, or has during the last five years,
been a director or partner of the following companies and partnerships:
Current Directorships or Partnerships Previous Directorships or Partnerships
SundaGas Pte Ltd SundaGas (Holdings) Ptd Ltd.
SundaVolt Pte Ltd SundaGas Borneo B.V.
SundaGas (Timor-Leste Sahul) Pte Ltd SundaGas Indonesia Telen B.V.
SundaGas Banda Unipessoal Lda SundaGas (Indonesia) Pte Ltd.
SundaGas Cambodia Pte Ltd.
Dr. Butler owns 628,601,442 ordinary shares in the Company ("Ordinary
Shares"), equivalent to approximately 3.31% of the voting rights in the
Company and has been granted 175,000,000 options over Ordinary Shares as
announced on 14 July 2022.
For further information, please contact:
Baron Oil Plc +44 (0) 20 7117 2849
Andy Yeo, Chief Executive
Allenby Capital Limited +44 (0) 20 3328 5656
Nominated Adviser and Joint Broker
Alex Brearley, Nick Harriss, George Payne (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Cenkos Securities Plc +44 (0) 131 220 6939 / +44 (0) 207 397 8900
Joint Broker
Neil McDonald, Pearl Kellie (Corporate Finance)
Leif Powis (Sales)
IFC Advisory Limited +44 (0) 20 3934 6630
Financial PR and IR baronoil@investor-focus.co.uk
Tim Metcalfe, Florence Chandler
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