Buccaneer Energy Limited (ASX:BCC) Acquisition Of Additional Working Interest From Chevron Corporation (NYSE:CVX)
This acquisition gives the Company a 100% WI in all the leases that cover the North Middle Ground Shoal structure, which equates to a net 10,108 acres.
Please view the following link for a fact sheet on the project and a map showing its location within the Cook Inlet, Alaska.
About Buccaneer Energy Limited
Buccaneer Energy Limited (ASX:BCC) (OTCMKTS:BCGFQ) is an Australian listed company focused on onshore and shallow waters of the Cook Inlet of Alaska and the Gulf of Mexico, as well as onshore Gulf Coast assets that have been left behind or overlooked by other players.
The Company has a large existing portfolio and disciplined acquisition strategy focused on opportunities with:
- Assets with attractive economics;
- Assets that have existing infrastructure in place that can be accessed;
- Assets near a commercial market that has been de-risked; and
- Assets that have multiple stacked pay targets.
Buccaneer's management team has a proven track record of finding and exploiting oil and gas reserves and generating new opportunity deal flow.
Buccaneer Energy Limited