UK firm Corallian has entered into an exclusivity period with a “large European E&P company” which is interest in its 174 million barrel Dunrobin prospect.
Corallian Energy and partners will focus on the Colter South discovery off Bournemouth after their main target to the north disappointed.
Partners in the Wick prospect in the Moray Firth said today that the exploration well was a failure.
Baron Oil has firmed up its deal with Corallian Energy to acquire 15% of the Wick Prospect in the Moray Firth.
London-headquartered Baron Oil said today it had come to an “option agreement” to buy part of the Wick prospect in the Moray Firth.
The company behind a project to store gas under Larne Lough in Northern Ireland said today it had paid back a loan to London-listed Baron Oil.
London-listed Baron Oil said today that two of its blocks in Peru contain nearly a billion barrels of recoverable crude and billions of cubic feet of gas.
Baron Oil has entered into a joint venture with SundaGas to search for new business opportunities in Southeast Asia.
Operator InfraStrata and partner Baron Oil have failed to find hydrocarbons during the drilling of the Woodburn Forest well in County Antrim, in Northern Ireland.
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
Baron Oil today said new seismic data had boosted its confidence levels in its ability to leverage acreage onshore Peru.
Baron Oil has confirmed completion of its $1.9million onshore seismic acquisition programme in Block XXI.
Baron Oil said steady progress is being made on the seismic acquisition of data onshore Peru. The company said GSS began the onshore data acquisition last month as it looked to collect the first ever 2D seismic programme on Block XXI.
Baron Oil has begun the seismic acquisition programme in the area around the Minchales well location in the south of Block XXI, onshore Peru.
Baron Oil has started work on its onshore well in Peru following delays caused by customs issues relating to its seismic equipment.
UK independent Baron Oil said it expects to begin a seismic program on Block XXI onshore Peru around November 10, following a delay to equipment caused by Hurricane Patricia.
Baron Oil said the cost of exiting the Nancy Burdine Maxine field in Colombia will be $1 as it completes the formal handover of the field to the state-owned oil company.
Baron today confirmed Vale Oil & Gas submitted the final $1.2million for the farm out of Block XXI in Peru more than a year after the initial terms were agreed.
Baron Oil is to undertake further exploration in Peru after receiving the backing of the Lima government and local communities.
Oil explorer Baron Oil has reported positive results from drilling operations in Northern Ireland. An appraisal carried out by the firm found that the Islandmagee-1 well, which was drilled to a total depth of 1,753 metres, yielded 185.8 metres of Permian salt, with core samples sent to Germany for analysis.