Baron Energy Inc. ("Baron" or the "Company") - Seeking $3,000,000
Baron plans to accept up to $3 million from accredited investors for this round of funding. The Company will use the funds primarily to support and accelerate it s "South Texas Project" including producing property acquisitions and initiating an ongoing drilling campaign. A successful funding should allow Baron to complete its planned work programs for 2017-2019 and achieve it’s exit target in 2019.
Baron Energy Inc. (OTC Pink Sheets: BROE) is based in San Marcos, Texas, and operates oil and gas properties in South Texas. The Company is managing a consortium of non-operated working interest partners and aggregating a portfolio of producing properties with substantial upside within a geographically focused area. Baron is managed by a seasoned, mult-disciplined executive team with extensive experience in business development and a track record of more than 130 buy/sell transactions in Texas since 2002. The Company plans to monetize their portfolio in 2019.
RONNIE L. STEINOCHER, P.E., CHAIRMAN, PRESIDENT AND CEO
Mr. Steinocher has 37 years of progressive oil and gas experience including 18 years with a major oil company, 10 years as an owner/ operator in Texas, and the Chairman, President and CEO of Baron Energy since 2010. He has extensive experience in general management, business development, new ventures, mergers and acquisitions, drilling, engineering, and petroleum operations. He holds a BS in Civil Engineering from The University of Texas at Austin, is a member of the Society of Petroleum Engineers and a licensed professional engineer in Texas.
LISA P. HAMILTON, EXECUtVE VICE PRESIDENT, CFO AND DIRECTOR
Ms. Hamilton has 36 years of progressive oil and gas experience including 20 years with a major oil company, 10 years as an owner/operator in Texas, and the EVP, CFO and Director of Baron Energy since 2010. She has extensive experience in general management, business development, new ventures, finance, contracts, banking, land, right- of-way, regulatory, fund raising, mergers and acquisitions, joint operating agreements, and production operators. She holds a BS in Business and Commerce with Highest Honors from the University of Houston – Downtown.
GROWTH STRATEGY AND EXIT:
The Company is pursuing a reasonable, flexible, and manageable growth strategy designed to grow through a combination of small producing property acquisitions and development drilling. The Company does not participate in exploration actives. Baron plans to begin drilling development wells in 2017 and continue to make opportunistic acquisitions in its core operating area. The drilling of development well s is expected to significantly ramp up producion and revenue; and the Company projects that a successful drilling program will allow the portfolio to grow primarily from project cash flows beginning in 2018. The Company plans to monetize the portfolio in 2019.