Baron Acquires Stake in Tx. County

Baron Energy has acquired interest in an oil producing property located in Archer County, Texas.

Management Comments

Ronnie L. Steinocher, President and CEO, said, "We recently acquired a 20% working interest in an oil property in Archer County, Texas producing from the Gunsight Formation. We have also retained an option to purchase an additional 20% working interest in this property within the next six months. There appears to be production upside via a three-well workover program and production enhancement procedures within this five-well property. Baron is the operator of the property."