Buccaneer Energy CEO to Present Keynote Address at the Oil Council’s Energy Capital Assembly Americas
30 September 2011 - 10:30PM
Business Wire
Buccaneer Energy (ASX:BCC), an independent energy exploration
and production company, today announced that its CEO, Curtis
Burton, will deliver a special keynote address on natural gas
exploration and production activities in Alaska, at the Oil
Council’s Energy Capital Assembly Americas.
The conference will be held October 5-6 in New York City, and is
a two-day strategic conference coupled with the Oil Council’s
annual awards dinner. The program features more than 300 world
renowned energy, finance and investment leaders discussing critical
issues such as access to finance, risk management, industry
partnerships, strategic capital expenditure deployment and
geopolitical change in depth, and debate the future of the global
oil & gas community.
“It’s an honor to deliver a keynote address on natural gas
exploration and production in Alaska at the Oil Council’s Energy
Capital Assembly Americas,” said Curtis Burton, CEO of Buccaneer
Energy. “I look forward to robust and engaging discussions with the
industry’s foremost thought leaders throughout the proceedings, and
to expressing Buccaneer’s views on the evolving landscape of the
oil & gas industry.”
Through its wholly owned subsidiaries, Buccaneer Resources and
Buccaneer Alaska, Buccaneer is focused on acquiring
significant working interests in undervalued, low-risk
development properties that possess significant undeveloped upside
potential. The Company places a premium on bringing both regional
and local expertise to each opportunity, and as a result its
opportunistic approach to finding hydrocarbons is not limited by
geographic considerations.
Mr. Burton continued, “The Alaskan market is singularly unique
in that it is not only one of the last major known basins
containing oil and natural gas in the United States, but also
because of the State’s incentives which encourage independent
companies to explore and develop energy resources for the State.
Buccaneer Energy is pleased to be on the forefront of this movement
and sees great opportunity ahead in the region.”
Buccaneer entered the Cook Inlet of Alaska in early 2010 and has
made significant progress adding nearly 51 BCF of natural gas
reserves through its onshore Kenai Loop development. Through a
partnership with AIDEA and Ezion, Buccaneer has arranged to bring a
LeTourneau Class 116 drilling rig to the inlet in 2012. Buccaneer
has executed a sales agreement to sell natural gas in the market
with a floor of $6.24, a significant premium over natural gas
prices in the lower 48.
About Buccaneer
Buccaneer Energy Limited (ASX: BCC) is an energy exploration and
production company. Through its wholly owned subsidiaries,
Buccaneer Resources and Buccaneer Alaska, the U.S. headquartered
independent is focused on acquiring significant working
interests in undervalued, low-risk development properties that
possess significant undeveloped upside potential. The Company
places a premium on bringing both regional and local expertise to
each opportunity, and as a result, its opportunistic approach to
finding hydrocarbons is not limited by geographic
considerations.
Buccaneer Resources is focused on the Gulf of Mexico, onshore
opportunities in the lower 48 and certain international
opportunities around the world. Under Buccaneer Resources, the
Company operates its Pompano field and Lee County producing assets.
Buccaneer Alaska focuses on developing opportunities in the Cook
Inlet of Alaska that includes the Kenai onshore project and other
offshore opportunities.
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