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Buccaneer Energy acquires Alaska oil and gas leases from Apache Alaska Corporation


Published Sep 4, 2013
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Buccaneer Energy Limited

Buccaneer Energy Limited has executed binding agreements with Apache Alaska Corporation to acquire its 100.0% working interest in four State of Alaska Oil and Gas leases that adjoin the existing Cosmopolitan Project in which the Company has a 25.0% working interest.

The new leases that total 14,353 acres are ADL 391899, 391902, 391903 and 391904.

BlueCrest Energy holds the remaining 75% working interest in the existing Cosmopolitan Project. The Company has offered BlueCrest the ability to acquire a 75.0% working interest in the Leases under the same terms as the Company, pursuant to the terms of its agreement with BlueCrest.

The financial terms of the transaction are confidential but are not material to Buccaneer.

Tags: Buccaneer Energy Ltd.



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