Baron Oil PLC Proposed appointment of Director (0731D)
19 Junio 2023 - 1:00AM
UK Regulatory
TIDMBOIL
RNS Number : 0731D
Baron Oil PLC
19 June 2023
19 June 2023
Baron Oil Plc
("Baron" or the "Company")
Proposed appointment of Director
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration
and appraisal company, announces the proposed appointment of Dr
Andrew (Andy) Butler to the Board of the Company as Director, Asia
Pacific, which is expected to take place on 1 July 2023.
Andy has over 27 years of experience in the oil and gas sector
and will bring relevant expertise to the Company's Board. Andy is
the CEO of SundaGas Pte Ltd ("SGPL"), which is an exploration and
production company he co-founded in 2016. Andy currently manages
the Company's Timor Leste project and has had involvement with
Baron since 2016, when the Company entered into a joint venture
agreement with SGPL, which ultimately led to the signing in 2019 of
the Timor-Leste TL-SO-19-16 Production Sharing Contract ("Chuditch
PSC"). He has been a person discharging managerial responsibilities
(PDMR) of the Company since 2021 and is a director of Baron's two
subsidiaries in Asia.
Andy was formerly vice president of business development at
Mitra Energy Ltd (subsequently renamed Jadestone Energy Plc) and
new ventures manager and a principal consultant geologist at BG
Group. Andy is currently the First Vice President of the South-East
Asia Petroleum Exploration Society (SEAPEX) and is a Fellow of the
Geological Society of London, a member of the Geoscience Energy
Society of Great Britain, the Society of Petroleum Engineers, the
Association of International Energy Negotiators and the Singapore
Institute of Directors. He has a Ph.D in Geology from the
University of Cambridge and a B.A. in Geology from the University
of Oxford.
A further announcement will be made on Mr Butler's
appointment.
Andy Yeo, Chief Executive of Baron, commented:
"Having worked closely with Andy on the Chuditch PSC prior to
and since its award in 2019, we are delighted to be welcoming him
to the Board. He adds technical and commercial capacity as well as
providing access and expertise in Asia. Following the recent
extension to the current phase of the Chuditch PSC, Andy will
continue to manage the Timor-Leste project where discussions with
third parties regarding participation in the Chuditch appraisal
well and future activities are ongoing."
For further information, please contact:
Baron Oil Plc
Andy Yeo, Chief Executive +44 (0) 20 7117 2849
Allenby Capital Limited
Nominated Adviser and Joint Broker
Alex Brearley, Nick Harriss, George
Payne (Corporate Finance)
Kelly Gardiner (Sales and Corporate
Broking) +44 (0) 20 3328 5656
Cenkos Securities Plc
Joint Broker
Neil McDonald, Pearl Kellie (Corporate
Finance) +44 (0) 131 220 6939 / +44 (0) 207
Leif Powis (Sales) 397 8900
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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END
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