Kenai Loop Drilling Permit Granted
Sydney, May 4, 2012 AEST (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC) is pleased to advise that it has been granted a Special Use Permit ("SUP") by the City of Kenai in respect to its Kenai Loop Project.
The SUP allows the Company to proceed with drilling operations at its 100% owned Kenai Loop project.
Data from the recently completed 3D seismic is currently in processing with an estimated completion date in mid to late May. On completion, the data will be mapped for prospective hydrocarbon anomalies to determine the next drilling locations.
Contact
Buccaneer Energy Limited
T: +61-2-9233-2520
F: +61-2-9233-2530
WWW: www.buccenergy.com
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