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Timor Leste: Baron Oil announces Chuditch PSC update - 6 month extension granted

Baron Oil has announced an update on the TL-SO-19-16 Production Sharing Contract (Chuditch PSC), offshore Democratic Republic of Timor-Leste. Barons wholly owned subsidiary, SundaGas, has been granted a further six-month extension to Contract Year Two of the PSC. The Company remains in discussions with third parties regarding participation in the Chuditch appraisal well and future activities.
East Timor Sundagas Banda Unipessoal Lda Baron Oil Sharing Contract Democratic Republic Sundagas Banda Unipessoal

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Timor Leste: Baron Oil announces Chuditch PSC update

Baron Oil has provided a further update on the TL-SO-19-16 Production Sharing Contract, offshore Timor-Leste (Chuditch PSC) and the preliminary interpretation of the reprocessed Chuditch 3D seismic data. The Company reports significant increases in managements aggregate Gas-in-Place and Recoverable Gas Resource estimates.
East Timor Society Of Petroleum Engineers Baron Oil Petroleum Resources Management System Recoverable Gas Resource Sharing Contract

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