SAN MARCOS, Texas, Feb. 4, 2013 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has engaged Overton Capital Corp. ("Overton"), Dallas, Texas to assist with financial matters relating to producing property acquisitions, financial structures, and corporate development.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "Baron has a pipeline of pending strategic producing-property acquisitions. We have engaged Overton Capital Corp. to advise and assist with the development of funding options to facilitate the closing of them."
Mr. Steinocher added, "We are very pleased to be working with Overton and we expect to accelerate our acquisition program during 2013 which, coupled with our internal development program, will open the door for anticipated future growth in revenues and reserves."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas acquisition, production, and exploitation company headquartered in San Marcos, Texas, with producing assets in North, North Central, and West Texas.
Baron owns production that is 95% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Hutchinson, Jones, Scurry, Taylor, and Young counties, Texas.
Baron's growth strategy centers on making accretive acquisitions, production enhancement programs, reactivation projects, and in-fill drilling, all within the Company's core area of North, North Central, and West Texas.
About Overton Capital Corp.
Overton Capital Corp. is a Dallas-based private investment banking firm that provides corporate advisory services and capital markets expertise to both private and public energy companies operating in the middle market. The firm specializes in capital formation and strategic planning for E&P and oilfield services companies requiring capital to support internal growth, project development and acquisitions, with securities offered through WFG Investments, Inc., member FINRA & SIPC. www.overtoncap.com
For more information, please visit www.baronenergy.com.
Forward-Looking Statement
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 involve 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, including the Company's Annual Report on Form 10-K filed on August 13, 2012. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.