NEW BRAUNFELS, Texas, Nov. 9, 2011 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it will present at the Southwest Investment Association ("SWIA") in Frisco, Texas on November 19, 2011.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "We have been invited to present at the SWIA in Frisco on November 19, 2011 and are pleased to accept the invitation. This will give us a chance to look back over the past year and outline our plans for next year. Our net oil production is up more than 250% since the beginning of 2011 and our monthly revenue more than 300%. We have completed three producing property acquisitions since May and have a few more pending that we are working to close prior to year-end."
Mr. Steinocher added, "We are currently in the final stages of building out our work program and production targets for 2012 and we should have our plans ready for the conference."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West Texas and North Central Texas.
Baron owns production that is 100% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Jones, Runnels, 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 Central and West Texas. Baron's primary focus is on conventional oil production.
About Southwest Investment Association ("SWIA")
Southwest Investment Association (SWIA) is the premier investment conference organization in the Southwest. Through a series of bi-monthly scheduled conferences, SWIA provides an extraordinary platform for companies desiring capital to share information and showcase their investment opportunity. SWIA is one of the most reputable and established financial alliances in the country for accredited investors and independent broker/dealers.
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, 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, including the Company's Annual Report on Form 10-K filed on October 23, 2009. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.