Quarterly Activities and Cashflow Report
Sydney, Feb 1, 2012 AEST (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC) is pleased to provide a quarterly activities and cashflow report for the period ended 31 December 2011.
THE HIGHLIGHTS OF THE QUARTER WERE AS FOLLOWS:
- Acquisition of Endeavour Jack-Up Rig completed
- Endeavour repairs and modifications commence at Keppel Fels
- ACES Bridge Funding agreement executed with Centaurus Capital, LP
- Gas Sale contract executed with ConocoPhillips
- Kenai Loop pipeline and facilities construction completed
- Kenai Loop gas production and sales commenced
BUCCANEER ENERGY MISSION STATEMENT
Buccaneer Energy's wholly owned subsidiary Buccaneer Resources is based in Houston, Texas and is an upstream oil and gas company. It specialises in the development and expansion of behind-pipe proved and probable reserves and low-risk exploration plays with growth potential. Buccaneer's growth strategy is focused on the progressive expansion of oil and gas production and reserves by acquiring significant working interests in low-cost, low-risk development properties that possess significant undeveloped upside.
To view the complete Buccaneer Energy Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/71518-ASX-BCC-665289.pdf
Contact
Buccaneer Energy Limited
T: +61-2-9233-2520
F: +61-2-9233-2530
http://www.buccenergy.com
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