Baron Oil (GB:BOIL) has released an update.
Baron Oil Plc has announced that their bid to acquire new blocks in the UK 33rd Offshore Licensing Round was unsuccessful, prompting a full withdrawal from the UK. The company will now reallocate its resources to focus on its core interests in Southeast Asia, particularly on its promising assets in Timor-Leste.
For further insights into GB:BOIL stock, check out TipRanks’ Stock Analysis page.
