Baron Oil completes changes to Chuditch guarantee

Baron Oil announced on Friday that the changes to the Chuditch Bank Guarantee had been completed.

The AIM-traded oil and gas exploration and appraisal company said the changes to the provision of the funds for the deposit for the guarantee and related matters, as it described on 15 November, had been successfully completed.

“Accordingly, Baron is now the provider of 100% of the collateral for the guarantee,” the board confirmed in its statement.

At 1246 GMT, shares in Baron Oil were up 5.8% at 0.16p.

Reporting by Josh White for Sharecast.com.