SAN MARCOS, TEXAS, June 6, 2017 – Baron Energy Inc. (OTC Pink Sheets: BROE). (“Baron” or the “Company”), an independent, growth-oriented, crude oil and natural gas company based in San Marcos, Texas. The Company has outlined how it forms a business development initiative and then progresses to closure.
Ronnie L. Steinocher, Chairman, President, and CEO, said, “We are a project-driven company and prefer to use targeted management techniques to pursue our goals. We set a target that we think can be achieved in a given timeframe and then design a business model around hitting that target.”
“We usually set our initial target at a 100% annual growth rate and prefer that our timeline to target is 3-5 years. We also design our business model to be flexible enough within the time period allocated to accommodate both our Base Case and Low Case business models, including low oil prices.”
“We know that along the 3-5 year program there will be a number of unplanned events and we try to anticipate rather than react to these events. At all times we look both near-term, 3-6 months, and longer-term, 1-3 years out. For example, we know now where we want to be at each year-end for the next 3 years and we know what we need to do to get there.”
“We also know our internal expertise and try to work within these parameters which we believe provides a much more focused process. We have limited resources and are not interested in being diverted outside of our project focus, timeline, and targets.”
For additional information please visit our website at BaronEnergy.com or contact the Company directly.
CONTACT:Lisa P. Hamilton
Executive Vice President and CFO