Baron Completes 2nd Phase of Field Work at Tx. Field

Baron has completed the second phase of field work to increase oil production on its recently-acquired properties in Young County, Texas.

Management Comments

Ronnie L. Steinocher, President and CEO, said, "We have completed acidizing one production well and the preliminary results are within expectations. It will take a few days to determine the effectiveness of the acid job work; however, we are producing substantially more fluid than before. We also added a larger water knockout to the production facilities to help handle the increased fluid volume and expect this to also increase production."

"In addition, a second well was logged and a fairly thick sand appears to be behind pipe. We have received regulatory approval to test this zone; we expect to begin testing within the week."