As of 17 April 2020, Baron Oil has received an approval for the fifth exploration period by Perupetro on Block XXI. The company continues seeking a partner on the block located onshore in the Secura Basin, the offer has been on the table since early 2016. The company is looking to farm-out a 50% working interest for a carry on all costs of one well to test Basement at around a depth of 1,850 m and a contribution of USD 500,000 towards seismic shot in 2016. Operatorship is available to a suitable partner.  In a March 2016 farmout presentation the company said the block was currently in the 5th and last exploration phase which was schedule to end in October 2017, however the Force Majeure has delayed its expiration. Baron is seeking interested parties to drill one exploration well at an estimated cost of USD 2-million (dry hole) to USD 2.5-million (completed). A performance bond is also required of USD 160,000.  The contract carries a royalty on any discovery of 5% up to 5,000 bopd, and then a sliding scale of 5% - 20% on a production level of 5,000 bopd to 100,000 bopd. Above 100,000 bopd the royalty is 20%. The coporate tax rate is 33%.  The 2,408 sq km Block XXI was originally awarded to Gol Oil plc in December 2005. Vale SA acquired a 70% working interest in July 2012. Baron acquired Goldâs 30% working interest in July 2013 and then acquired the 70% working interest of Vale in September 2014. The block has been in and out of Force Majeure since 2010 and is currently in Force Majeure since January 2018.  Contacts include Bill Colvin CEO email - colvinbill@aol.com, Malcolm Butler Exploration Director email â malcolm@butlermail.org and Thomas Tidow Country Manager email â ttidow@baronoilplc.com.
 Baron Oil plc offering farmout on Block XXI in the Secura Basin - fifth exploration period extension granted by Perupetro