Buccaneer Energy Limited

 ASX:BCC ISIN:AU000000BCC3

May 26, 2012

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Buccaneer Energy Limited Company Summary

 Buccaneer Energy Limited (ASX:BCC) is an Australian listed company focused on onshore and shallow waters of the Cook Inlet of Alaska and the Gulf of Mexico, as well as onshore Gulf Coast assets that have been left behind or overlooked by other players.

The Company has a large existing portfolio and disciplined acquisition strategy focused on opportunities with:

- Assets with attractive economics;
- Assets that have existing infrastructure in place that can be accessed;
- Assets near a commercial market that has been de-risked; and
- Assets that have multiple stacked pay targets.

Buccaneer's management team has a proven track record of finding and exploiting oil and gas reserves and generating new opportunity deal flow.
 

DIRECTORS / OFFICERS

 
Curtis D. Burton
Managing Director and CEO
Mr. Burton, a 30+-year marketing and operations veteran, has experience spanning 10 countries and a wide range of business settings. Before launching Buccaneer, Mr. Burton was the co-founder and CEO of Nautilus Marine Technologies, and prior to that, he served as the President of the Marine Products and Services Division of Grant Prideco, Inc. Curtis held a number of increasingly responsible marketing and operating positions prior to that with Total Offshore Production Service (TOPS), Texaco, Seaflo Systems and Sedco Hamilton Production Systems. During his time at Texaco, Curtis co-founded DeepSTAR, Texaco's cooperative deepwater technology development vehicle. He successfully directed this project for five years and is widely-held as an industry leader and innovator because of this project. In 2010, Mr. Burton was inducted into the Offshore Energy Center Hall of Fame and recognized as a Technology Pioneer for his leadership in the DeepStar Project. Curtis is a Registered Professional Engineer in Texas and a member of the National Ocean Industries Association. He received a Bachelor of Science in Mechanical Engeneering from the University of Texas.
Jim Watt
President & COO, Buccaneer Alaska
Mr. Watt has over 35 years in the oil and gas industry, with 10 of those years focused on Alaska. Jim began his career at Texaco in field production and operations engineering. After Texaco, he spent 17 years at Union Texas Petroleum (UTP) in various positions from Manager, Project Manager to Vice-President and General Manager. At UTP Mr. Watt managed a number of corporate acquisitions and developed a number of growth opportunities, including the development of the Alpine on the North Slope of Alaska. He was also the Project Manager for several key domestic and international projects, including a field development in Indonesia and the Piper Bravo and Saltire developments in the North Sea. Jim also served as CEO and a Board Member for Orient Petroleum & Osprey Petroleum, and most recently, was the co-founder, President and CEO of Renaissance Alaska, LLC and Stellar Oil & Gas, LLC. Mr. Watt, a Registered Texas Professional Engineer, has a Bachelor of Science in Chemical Engineering from Ohio State University and a Master of Business Administration from Eastern New Mexico University.
Andy Rike
Executive Vice President - Operations for Buccaneer Resources and Buccaneer Alaska
Mr. Rike has over 30 years of experience in U.S. and international oil and gas engineering and management. He brings extensive experience in drilling and work-over activities, as well as, a proven record of using new technology to develop oil and gas properties from the Middle Eastern deserts to the North Slope of Alaska. Andy began his career with Gulf Oil, completing several onshore and offshore engineering assignments. He then joined Schlumberger and helped develop their "turnkey" drilling services by drilling offshore wells and several of the deepest land wells. Andy further developed his engineering career with assignments in France, Dubai, Saudi Arabia and Singapore. Mr. Rike holds several industry patents related to techniques, tools and hybrid rig designs. He earned a Bachelor of Science in Petroleum Engineering from Louisiana Tech University.
Clint Wainwright
Executive Vice President - Business Development
Mr. Wainwright has 34 years experience operating properties in offshore Gulf of Mexico and onshore in Texas and Louisiana. Clint launched AnaTexas in 2003, which serves as the Operator for Buccaneer. He is the co-founder and co-principal of Millennium Explorer, a prospect generator, which was the originator of the Pompano project. Mr. Wainwright began his career as a field engineer with Amoco in Lafayette, Louisiana, where he was promoted and ultimately responsible for general offshore Louisiana new field discoveries, development project design, and supervision and economics responsible for production from various fields in South Louisiana, east-central Louisiana, and in Mississippi, Alabama and Florida. Clint has several oil and gas discoveries and field extensions in onshore and offshore Louisiana and offshore Texas. Mr. Wainwright received a Bachelor of Science in Petroleum Engineering from Louisiana State University and is a Registered Professional Petroleum Engineer.
Alan Broome AM
Chairman
Alan Broome is a metallurgist with over 20 years experience in the secondary metals industry and 20 years experience in the mining industry. He had an extensive background in metal casting and steel production before joining the mining industry as Managing Director of a major Australian coal industry owned group. He has extensive knowledge of the mining industry accumulated through involvement with mining technology companies, government agencies and major international mining companies in promoting Australian mining and developing global trade.
Dean Gallegos
Finance Director
Mr. Gallegos brings management, marketing and capital-formation experience to Buccaneer from an Australian perspective. Dean identified and sought out the Buccaneer management team in Houston and identified them as the core of an operation which would be attractive to Australian investors and form the basis of a successful company listed on the ASX. He has over 16 years experience in the Australian capital market place with direct experience in managing ASX listed companies and in the planning, financing and supervision of exploration budgets. In the last four years, Dean has been the principal driver in the creation or recapitalization of three public companies and he has performed advisory roles to other public companies in a financing and merger/acquisition role.
 

ANNUAL REPORT

 
 

PRESENTATIONS

 
 
 

COMPANY DATA

 
Company Headquarters Level 9, 25 Bligh Street 
    Sydney NSW 2000 
    Australia 
Company Telephone +61-2-9233-2520 
Company Fax +61-2-9233-2530 
Company Principal Sector Energy 
Company Principal Industry Energy 
Company Homepage www.buccenergy.com
 

Key Developments: Buccaneer Energy Limited
 Buccaneer Energy Limited (ASX:BCC) Closes US$20M Project Finance Facility and New US$30M Aces Revolver
MAY 23, 2012 10:25 - Article Views: 166
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed binding agreements with New York based Richmond Hill Investment Co., LP for the provision of a US$20.0 million project finance facility ("the Facility").
 Buccaneer Energy Limited (ASX:BCC) Kenai Loop Drilling Permit Granted
MAY 4, 2012 10:20 - Article Views: 341
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.
 Buccaneer Energy Limited (ASX:BCC) Quarterly Activities and Cashflow Report
MAY 1, 2012 08:37 - Article Views: 169
Buccaneer Energy Limited (ASX:BCC) is pleased to present its quarterly report for the 3 months to 31 march 2012.
 Buccaneer Energy Limited (ASX:BCC) ENSTAR Gas Contract Commences
APR 26, 2012 10:37 - Article Views: 334
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that ENSTAR has commenced injecting gas into the Cook Inlet Natural Gas Storage, Alaska (CINGSA) facility located immediately south of the Company's Kenai Loop project.
 Buccaneer Energy Limited (ASX:BCC) Kenai Loop Seismic Update
APR 24, 2012 10:19 - Article Views: 423
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that the 3D seismic program that commenced in December 2011 has been successfully completed. Preliminary evaluation of the quality of the data is very positive and we are looking forward to the results of the 3D seismic processing now in progress. As an exploration expense, up to 65% of the costs associated with the seismic program will be covered by the ACES program through the State of Alaska.
 Buccaneer Energy Limited (ASX:BCC) Project Finance Facility
APR 20, 2012 11:10 - Article Views: 565
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a Term Sheet for a US$20.0 million project finance facility.
 Buccaneer Energy Limited (ASX:BCC) Glacier Rig Acquisition
APR 19, 2012 09:46 - Article Views: 629
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a binding purchase agreement with Glacier Drilling Company, a wholly owned subsidiary of Marathon Oil Company, to acquire the Glacier #1 Drilling Rig ("Glacier Rig").
 Buccaneer Energy Limited (ASX:BCC) Kenai Loop First Quarter Performance
APR 3, 2012 09:38 - Article Views: 506
Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) is pleased to give the following update in respect to its 100% owned Kenai Loop project located onshore Cook Inlet, Alaska.
 Buccaneer Energy Limited (ASX:BCC) Acquisition of Cosmopolitan Project
APR 2, 2012 17:29 - Article Views: 408
Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) advised that it was acquiring an interest in the Cosmopolitan Project ("Cosmo"). Cosmo was being jointly acquired with privately owned Fort Worth, Texas based BlueCrest Energy II, LP ("BlueCrest") acquiring a 75% working interest, with Buccaneer acquiring a 25.0% working interest and assuming operatorship of the project.
 Buccaneer Energy Limited (ASX:BCC) Excellence in Oil and Gas Presentation
MAR 21, 2012 10:45 - Article Views: 384
Buccaneer Energy Limited (ASX:BCC) are pleased to provide a copy of a presentation to be made at the Excellence in Oil & Conference conference in Sydney today.

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Company Reports

  • Buccaneer Energy Limited (ASX:BCC) Appendix 3B  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cleansing Statement  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cleansing Statement  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Appendix 3B  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cleansing Statement  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Appendix 3B  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cleansing Statement (Corrected)  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cleansing Statement  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Appendix 3B  Click to Download
  • Buccaneer Energy Limited (ASX:BCC) Cancellation of Convertible Security Agreements  Click to Download
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