MIDLAND, Texas, April 28, 2010 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (OTCBB:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has partnered with Newport Capital Consultants, Inc. to assist the Company with market strategy and recognition.
Management Comments.
Ronnie L. Steinocher, President and CEO of Baron Energy, commented; "Newport Capital Consultants has a long and successful track record of assisting small energy companies in increasing their market presence. Having a partner like Newport Capital will enable us to accelerate our growth plans, while generating considerable institutional and public awareness." Mr. Steinocher also noted, "This partnership will allow us to adjust our plans forward for the second half of the year, including additional acquisitions and in-fill drilling programs."
About Baron Energy, Inc.
Baron Energy (OTCBB:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in Midland, Texas with producing assets in the prolific oil producing Permian Basin of West Texas.
Baron owns production that is 99% oil, both operated and non-operated, with working interest ranging from 5% to 100% in oil and gas fields located in Baylor, Borden, Garza, Jones, Runnels, Scurry and Taylor Counties, Texas.
Baron's growth strategy centers on making accretive property acquisitions in its core operating area. The Company targets properties that have oil production with upside developmental potential.
For more information, please visit www.baronenergy.com.
About Newport Capital Consultants
Newport Capital Consultants, founded in 1991 and with offices in Orange County, CA and Dallas, TX works with both public and private companies to develop market strategies to build investor awareness and recognition. Newport Capital Consultants is an Associate Member of the National Investment Banking Association, a founding member of the Southern California Investment Association and the Southwest Investment Association.
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 filings 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 October 29th, 2009. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.