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Baron Oil spreading wings into south-east Asia

Published: 17:55 23 Sep 2016 AEST

MadagascarOil-(Resized)
The firm is looking to expand.

AIM-listed Baron Oil PLC (LON:BOIL) is spreading its wings.

It will collaborate with Singapore-based SundaGas to find opportunities in south-east Asia.

Sunda was founded by Dr Andy Butler, former business development director of Mitra Energy and a ten-year veteran of Hess Corp.

The company currently owns assets in Peru and Colombia.

"This offers a great opportunity for Baron to open up a new operation in one of the few areas of the world where there is both strong demand for oil and gas and the clear support of governments to make exploration and production easy to achieve,” said chief executive Bill Colvin.

“We are particularly interested in gas opportunities because of the stable, long-term pricing environment.  Having access to the experience and deal flow of the SundaGas team gives Baron a head start that would take years to achieve if built from scratch."

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