SAN MARCOS, TEXAS – (News Release – October 2, 2017) – Baron Energy, Inc. (OTCPK: BROE) reports results for the 3Q 2017 ended September 30, 2017.
Third Quarter Highlights
- Completed one workover in South Texas Project
- One recompletion planned for 4Q17
- Continuing to evaluate bolt-on producing properties for potential acquisition
Production South Texas Project
“We now have our proposed work programs for our South Texas Project in place for 2018/19. In 2018 we plan to begin drilling new development wells to ramp up production and revenue. We project that our current portfolio contains enough future drilling locations to take us through our targeted 2019 Exit.”
About Baron Energy, Inc.
Baron Energy Inc. (“Baron” or the “Company”) is a publically traded, growth-oriented, crude oil and natural gas company based in San Marcos, Texas with operations in South Texas. Baron is a production only company and does not participate in exploration activities. The Company is currently building a portfolio of producing properties with long-term upside. Additional information on Baron Energy can be found at BaronEnergy.com.
Certain statements in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT:Baron Energy, Inc.