Baron Oil Expanding Activities into South-East Asia

Baron Oil PLC (LON:BOIL), an AIM listed company, is expanding its operations. Thus, the company will be working with SundaGas, a firm based in Singapore, to identify any prospects in south-east Asia.

Dr. Andy Butler, Mitra Energy’s former business development director and who worked for Hess Corp for ten years, founded SundaGas.

Baron Oil currently has interests in Colombia and Peru.

Bill Colvin, the CEO, explained that it is an excellent chance for Baron to start up operations in an area where not only do governments offer their full support making production and exploration easy, but there is also a significant demand for gas and oil, which makes the area one of the few in the world to offer such good conditions.

He also explained that the company is especially interested in gas-based projects because of the long-term stability of the price. Through the partnership with SundaGas, the company will be able to access their deal flow and experience, putting Baron in an excellent position, which would have taken them years to achieve on their own.

About the Author

Frank L. Chadbourne
After graduating with first class honours in economics from University of Texas at Dallas in 2006, Frank spent a number of years as a private client equity dealer gaining front-line experience in the investment industry during the most fast paced and volatile period in financial history. Having acquired an insight from both professional and individual investors, Frank joined Gulf Feed's growing editorial team in 2014.