Baron Oil (BOIL.L) is advancing apace with preparations for its Chuditch-2 appraisal well on its world class Chuditch project in the Timor Sea. The H1 2024 work programme includes a site survey and procurement of long lead items such as drill pipe. The former is required to identify potential hazards. It involves geophysical studies and a physical investigation of the seabed. Baron will also be looking to make a deposit on a rig, negotiate a bank guarantee and add to its drilling team. Planned, ....
20 Feb 2024
Allenby Capital - Baron Oil update
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Allenby Capital - Baron Oil update
Baron Oil Plc (BOIL:LON) | 0.1 0 1.5% | Mkt Cap: 17.2m
- Published:
20 Feb 2024 -
Author:
Peter Dupont -
Pages:
9
Baron Oil (BOIL.L) is advancing apace with preparations for its Chuditch-2 appraisal well on its world class Chuditch project in the Timor Sea. The H1 2024 work programme includes a site survey and procurement of long lead items such as drill pipe. The former is required to identify potential hazards. It involves geophysical studies and a physical investigation of the seabed. Baron will also be looking to make a deposit on a rig, negotiate a bank guarantee and add to its drilling team. Planned, ....