SAN MARCOS, Texas, Jan. 7, 2014 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent crude oil and natural gas company, has placed its 2014 Business Plan on its web site (www.baronenergy.com).
Ronnie L. Steinocher, President and CEO, said, "In the 4Q of 2013 we revamped our business initiatives, expanding both the size and geographical scope of our targeted producing property acquisitions. This was in response to work completed last year, access to capital markets, and our strong desire to find and acquire producing properties that should have a material, positive impact on shareholder value. This revamped plan can be viewed at our website. We are well along our new path and are working to make meaningful progress soon."
Mr. Steinocher added, "In addition, we recently took advantage of a synergisitc opportunity to participate in the Bakken Shale oil play ("The Bakken"). Baron Bakken I, LLC ("Baron Bakken") was formed in the 4Q of 2013 in order to do so. We plan to expand our interest in the Bakken this year. Baron Energy, Inc. is the managing member of Baron Bakken."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent crude oil and natural gas acquisition, production, exploitation, and exploration company headquartered in San Marcos, Texas, with producing assets in North and North Central Texas.
Baron's growth strategy centers on making producing property acquisitions with near-term upside and long-term production. The Company's acquisition focus is on operated properties in Texas, Louisiana, Oklahoma, and New Mexico and non-operated properties in the Bakken Shale formation of the Williston Basin, North Dakota.
For more information, please visit www.baronenergy.com.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involved known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic fillings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT: Baron Energy, Inc. Investor Contact Brad Holmes (713) 654-4009 firstname.lastname@example.orgSource:Baron Energy, Inc.