HOUSTON, Oct. 12, 2009 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (OTCBB:BROE) ("the Company"), an independent oil and gas company, will file annual report on October 30, 2009.
The Company will file a form 10K and annual report with the Securities and Exchange Commission on October 30, 2009. The report will contain the results of operations and all pertinent financial data for the fiscal year ended July 31, 2009. The full content of the report can be found on the Securities and Exchange web site at www.sec.gov or by contacting the company and requesting a copy.
About Baron Energy
Baron Energy (OTCBB:BROE) is an independent oil and gas exploration and development company with assets in the prolific oil producing region of North Texas and a significant acreage position along the Texas Gulf Coast. Baron's strategy is to grow production and reserves through low-risk, low-cost exploitation and development combined with higher risk exploration drilling in prospects that have the potential for significant hydrocarbon discoveries. This will be supplemented with acquisitions of underdeveloped properties that complement its existing portfolio.
Baron intends to focus its efforts on the development and exploitation of its South Texas property primarily through joint ventures with industry partners. In addition the company will continue taking advantage of low-risk opportunities on its existing acreage while continuing to consider exploratory opportunities by applying technology and capital to deeper zones with significant upside potential. In conjunction, Baron will pursue accretive acquisitions in core areas.
Forward-Looking Statement
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," "feels," "anticipates" and certain of the other foregoing statements may be deemed "forward-looking statements." Although Baron Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in production which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. The Company's complete filings with the Securities and Exchange Commission are available at http://www.sec.gov.