Baron Energy, Inc. has entered into an agreement to participate in a significant production enhancement program on a large producing property in Hutchinson County, Texas.

Ronnie L. Steinocher, President and CEO, said, "We have partnered with Wasp Energy, LLC ("Wasp"), to reactivate up to 40 oil wells in Hutchinson County, Texas. This program should take 2-3 months to complete and will significantly increase production in the field. Wasp will perform field operations and Baron will contribute engineering and administrative support for the partnership."

Mr. Steinocher added, "This project has existing production and substantial low-cost upside that can be realized in a short time-frame. This 1,200-acre leasehold includes 48 potential producers at a depth of 3,000 feet and is located within the giant Panhandle Field of North Texas We expect these properties to have a remaining reserve life greater than 40 years."

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