Baron Oil PLC (LON:BOIL) Colter Drilling Update

Spud of Colter Well

Baron Oil (AIM: BOIL) is pleased to announce that Corallian Exploration Limited, as Exploration Operator for Licence P1918 (“Corallian”), has reported that drilling of the Colter exploration well (98/11a-5), using the Ensco-72 Jack-Up rig, commenced at [10:10] hrs on 6 February 2019. The drilling is expected to take approximately 3 weeks to reach a planned total depth of 1,830 metres. Following the completion of drilling operations the well will be evaluated. Baron Oil holds an 8% working interest in Licence P1918.

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