Baron Energy, Inc. (BROE.OB) Provides Update on Proposed Merger and Additional Acquisitions
Baron Energy, Inc., an independent oil and gas exploration and development company with assets in the prolific oil producing region of North Texas and a significant acreage position along the Texas Gulf Coast, recently provided an update on its growth strategy, which includes finalizing the proposed merger between Baron and Pertex LP. During the fourth quarter of 2009, the company continued to conduct its due diligence on the pending merger with Pertex LP, who owns a working interest in 27 wells located in Borden, Garza, Jones, Kent, Nolan, Reagan, Runnels, Scurry and Taylor counties in Texas. The company’s primary focus…