Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/eos-petro-executes-binding-agreements-with-buccane.shtmlEOS Petro executes binding agreements with Buccaneer Energy Limited
EOS Petro, Inc. has closed the farm-out of certain Alaskan projects by the execution of a binding Participation Agreement
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EOS Petro, Inc. has closed the farm-out of certain Alaskan projects by the execution of a binding Participation Agreement (PA) and Joint Operating Agreement (JOA) with Buccaneer Energy Limited (Buccaneer), an Australia-based public company. Chrystal Capital LLP, a London-based corporate finance firm, first introduced EOS to Buccaneer in early January.
"We are looking forward to working with Buccaneer Energy on these projects in the Cook Inlet of Alaska," said Nikolas Konstant, Chairman of EOS. "We look for projects with the right risk profile for development and have become convinced that Buccaneer's operations in Alaska will provide that for us. Being able to partner with an established operator on permitted projects that are ready to drill is ideal."
