Baron Energy, Inc. Engages Bullfrog Capital to Assist With Funding and Financing
MIDLAND, Texas, June 9, 2010 (GLOBE NEWSWIRE) — Baron Energy, Inc. (OTCBB:BROE)
(“Baron” or the “Company”), an independent oil and gas company, announced today
that it has engaged Bullfrog Capital, Houston, Texas to assist the Company with
its extensive funding and financing initiatives.
Ronnie L. Steinocher, President and CEO of Baron Energy, commented; “Since 2002,
Bullfrog Capital has assisted clients with more than $350 million of successful
transactions and capital arrangement. A large part of this experience has been
focused on the oil and gas industry. Bullfrog Capital will assist the Company
with transaction and capital advisory services.”
Mr. Steinocher also noted; “We have a number of significant funding initiatives
ongoing in support of our high growth business plan. The pace at which we can
increase our production and revenue is largely dependent on our ability to
source funds in support of producing property acquisitions, drilling programs,
and production enhancement projects. This partnership will provide a high level
of professional assistance to our various funding initiatives and help keep our
business plan on target.”
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 Bullfrog Capital
Bullfrog Capital is an independent consulting group that continues to provide
advisory services to assure successful transactions, capital arrangement, and
ongoing facilities management.
Bullfrog Capital was founded and managed by Rick Adams. Prior to forming Bulldog
Capital in 2002, Mr. Adams spent eight years in the oil and gas finance market
with The Williams Companies and then Aquila Energy Capital. These transactions
included volumetric production payments, mezzanine debt, equity investments and
securitizations. Mr. Adams holds a BBA in economics and statistics from Baylor
University and an MBA in finance from the University of Saint Thomas, Houston.
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.
CONTACT: Baron Energy, Inc.