Oil well reactivation project begins in Texas Panhandle

Source: Baron Energy, Inc.

Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that field operations have begun to substantially increase production on a large producing property in Hutchinson County, Texas.

Management Comments

Ronnie L. Steinocher, President and CEO, said, "Field operations are already underway to increase production in our new partnership with Wasp Energy, LLC. We will reactivate up to 10 wells in Phase 1, which should take a couple of weeks. The Phase-2 work program has been approved by the partnership; we will move directly to it once Phase 1 is complete. We should have more than 20 wells on-stream by the end of Phase 2. A plan for Phase 3 is being developed and will directly follow Phase 2."

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