Baron Energy Inc. (“Baron” or the “Company”) (OTC Pink: BROE) is a publically-traded independent oil and gas company based in San Marcos, Texas. Baron is currently engaged in the management of a consortium of like-minded investors seeking to invest in non-operated oil and natural gas properties. Baron provides business development services, technical and commercial expertise, and operates all of the properties.
Baron seeks to leverage its seasoned management team and extensive industry experience to acquire and operate mature oil and gas properties with upside via workovers, reactivations, recompletions, and in-fill drilling opportunities. The Company is aggregating a portfolio of properties with a production goal of at least 500 BOEPD. Management plans to monetize the portfolio within a 3-year period. Baron began the South Texas Project in the fourth quarter 2015.
The Company has recently updated its strategy to include drilling select new wells in 2018.
South Texas Project Production Update
Production is based on current properties and pending acquisitions for the 1Q 2017.
Additional information on Baron Energy Inc. and its South Texas Project can be found on Baron’s website 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 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.