Business
Update on Final Assignment for Block Z-34 Peru
Update on Final Assignment for Block Z-34 Peru.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7942X Baron Oil PLC 24 February 2017 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY BARON OIL PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \nBaron Oil plc\n \nUpdate on Final Assignment for Block Z-34 Peru\n \nBaron Oil PLC (AIM:BOIL) (\"Baron\") is very pleased to announce that the Public Deed, the final document effecting the farm out to Union Oil & Gas Group (\"UOGG\") of the interest in Block Z-34 in Peru, has now been signed by the Central Bank of Peru. UOGG is now liable to pay Baron the sum of US$2 million, on which Baron will have to pay Peruvian tax at 32%.\n \nFor further information on the Company, visit www.baronoilplc.com or contact: \n \nBaron Oil Plc: Tel: +44 (0)1892 838948\nMalcolm Butler (CEO) \nCantor Fitzgerald (Nominated Advisor and Joint Broker): Tel: +44 (0)20 7894 7000\nSarah Wharry (Corporate Finance) &...