Sydney, Feb 1, 2012 (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC) is pleased to provide a quarterly activities and cashflow report for the period ended 31 December 2011.
THE HIGHLIGHTS OF THE QUARTER WERE AS FOLLOWS:
- Acquisition of Endeavour Jack-Up Rig completed
- Endeavour repairs and modifications commence at Keppel Fels
- ACES Bridge Funding agreement executed with Centaurus Capital, LP
- Gas Sale contract executed with ConocoPhillips
- Kenai Loop pipeline and facilities construction completed
- Kenai Loop gas production and sales commenced
BUCCANEER ENERGY MISSION STATEMENT
Buccaneer Energy's wholly owned subsidiary Buccaneer Resources is based in Houston, Texas and is an upstream oil and gas company. It specialises in the development and expansion of behind-pipe proved and probable reserves and low-risk exploration plays with growth potential. Buccaneer's growth strategy is focused on the progressive expansion of oil and gas production and reserves by acquiring significant working interests in low-cost, low-risk development properties that possess significant undeveloped upside.
To view the complete Buccaneer Energy Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/71518-ASX-BCC-665289.pdf
ASX:BCC) is pleased to provide a quarterly activities and cashflow report for the period ended 31 December 2011.THE HIGHLIGHTS OF THE QUARTER WERE AS FOLLOWS:
- Acquisition of Endeavour Jack-Up Rig completed
- Endeavour repairs and modifications commence at Keppel Fels
- ACES Bridge Funding agreement executed with Centaurus Capital, LP
- Gas Sale contract executed with ConocoPhillips
- Kenai Loop pipeline and facilities construction completed
- Kenai Loop gas production and sales commenced
BUCCANEER ENERGY MISSION STATEMENT
Buccaneer Energy's wholly owned subsidiary Buccaneer Resources is based in Houston, Texas and is an upstream oil and gas company. It specialises in the development and expansion of behind-pipe proved and probable reserves and low-risk exploration plays with growth potential. Buccaneer's growth strategy is focused on the progressive expansion of oil and gas production and reserves by acquiring significant working interests in low-cost, low-risk development properties that possess significant undeveloped upside.
To view the complete Buccaneer Energy Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/71518-ASX-BCC-665289.pdf
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About Buccaneer Energy Limited
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.
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