Buccaneer Energy Global Investor Call
Buccaneer Energy Limited (“Buccaneer” or “the Company”) is pleased to advise that it will be holding a global investor call to update its shareholders and investors of the activities over the last 2 months, details of the call are as follows:
The call will be featured streaming live Wednesday 11 September at 11.00am Australian Eastern Standard Time (“AEST”) / Tuesday 10 September at 9.00pm US Eastern Standard Time (“EST”) on Buccaneer’s website at: www.buccaneerenergy.com.
The link will be located on the Investor Centre page of the site. Questions for the Q&A period can be submitted online, by clicking the link on the Buccaneer Energy website.
Participants may also dial-in to the conference call by dialling into the following numbers:
Wednesday 11 September 2013
Outside USA + 1 857 244 7314
Within USA + 1 877 280 4957
For those unable to attend the call, a replay will be available after Wednesday 11 September at 3.00pm AEST / Wednesday 11 September at 1.00am EST:
Outside USA + 1 617 801 6888
Within USA + 1 888 286 8010
Mr. Dean Gallegos
BUCCANEER ENERGY LIMITED
Buccaneer Energy Limited is an Australian listed company focused on developing its 100% owned oil & gas assets in Alaska. The Company's flagship projects are a series of onshore and offshore developmental and exploration prospects in Alaska’s Cook Inlet.
Buccaneer Energy has a 3 pronged cash flow strategy:
Developing the 100% owned Kenai Loop onshore gas project with independently assessed 6.4 MMBOE in 2P Reserves;
Operating an offshore jack-up rig for use by third-parties in the Cook Inlet; and
Developing its offshore Cook Inlet projects that have independently assessed 150.8 MMBOE in 2P Reserves / P50 Resources using the acquired jack-up rig.
Buccaneer Energy has a 50/50 joint venture with Singaporean-based Ezion, a leader in the development, ownership and chartering of strategic offshore assets, and the Alaskan Industrial Development and Export Authority (“AIDEA”). This joint venture has acquired the jack-up rig “Endeavour” which is capable of drilling in all areas of the Cook Inlet, the Beaufort Sea and the Chukchi Sea. Mobilisation of the Endeavour into the Cook Inlet was completed in late August 2012.
The Alaskan Government is supportive of oil and gas in the Cook Inlet. There are a number of fiscal incentive programs for exploration and development in the Cook Inlet.
Buccaneer Energy has two onshore wells at Kenai Loop producing at a combined rate of 10.0 MMCFD (1,666 BOEPD). The Company expects this to increase to 11 - 12 MMCFD (1,833 – 2,000 BOEPD) if a third gas sales contract can be finalised in the coming months.
Buccaneer Energy also has major working interests in Texas and the Gulf of Mexico, USA.