Business
Seismic Acquisition Update
Seismic Acquisition Update.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5907N Baron Oil PLC 01 February 2016 \n\n1 February 2016\n \nBaron Oil plc\n(\"Baron \" or \"the Company\")\n \nCompletion of Seismic Acquisition Programme, Block XXI Peru\n \nThe Board of Baron is pleased to announce that the onshore seismic acquisition programme in Block XXI, Peru has been successfully completed by GSS and all the equipment is off hire. The total cost of the seismic programme was US$1.9 million.\nBaron has now acquired a total of 170 kilometres of 2D seismic data in a tight grid adjacent to the location of the Minchales #1 well site in the southern area of Block XXI. The completion of the seismic programme has successfully fulfilled the Company's work obligation for the current licence period for the block.\nFurther technical evaluation work is now underway to decide on whether to move to the next licence period and potentially drill an exploration well adjacent to the original Minchales #1 well site. The Company will also seek to relinquish an area of the block not considered to be prospective.\nThe Company will continue to update shareholders regarding the progress on Block XXI as appropriate.\n \nFor further information:\nBaron Oil Plc\nBill Colvin (Chairman & CEO) Tel: +44 (0) 7780 684 108\n \nCantor Fitzgerald Europe \nNominated Adviser and Broker\nSarah Wharry (Corporate Finance) Tel: +44 (0) 20 7894 7000\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQEAXAFESKKEEF\n ","length":3069,"tagName":"div"}]