TIDMBOIL

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          SundaGas Indonesia Telen B.V. 
                  Ltd 
                                              SundaGas (Indonesia) Pte Ltd. 
     SundaGas Banda Unipessoal Lda 
                                               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 
  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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July 03, 2023 02:00 ET (06:00 GMT)

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