Description

We currently hold 18,000 acres (onshore) of highly prospective acres in the Cook Inlet basin of Alaska. The Leases are on trend with, and in proximity to, existing producing fields and infrastructure which will facilitate relatively quick revenue generation. The leases can be divided into four separate prospects; each of which have multiple conventional target sands for oil and gas. The leases also have unconventional resource potential. Natural gas prices in excess of $6/Mcf and State sponsored drilling incentives greatly enhance the economics of the project. Third party evaluations are available. Permitting, engineering and planning are well underway in anticipation of drilling 3Q and 4Q 2016.

Posted Jun 1, 2016

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