Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Baron Oil reported narrower losses on lower costs and said it would be targeting investments in assets that combined high potential impact with relatively low risks and costs.
For the six months ended 30 June 2019, pre-tax losses narrowed to $0.31m from $0.40m. The company did not record a revenue.
During the first half of the year, Baron raised additional funds of £.044m to enable the company to continue work on its new and existing portfolio of oil and gas assets in the UK, progress the search for a drilling partner for Peru Block XXI and work with SundaGas to progress existing SE Asia application and other opportunities.
At 8:21am: (LON:BOIL) Baron Oil share price was 0p at 0.07p