Buccaneer Energy Limited today announced that its Cosmo # 1 well, offshore Alaska, spud at approximately midday EST on 13 May 2013 (Sydney) and is currently at 600’ drilling ahead. The Cosmopolitan Project (“Cosmo”) is located in 80’ feet of water approximately 30 miles to the north west of Homer. Cosmo is jointly owned with privately [...]
Buccaneer Energy Limited has announced that the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has inspected and certified the Endeavour jack-up rig for operations within Alaskan state waters, this is the final certification required by the Endeavour to be able to commence drilling operations. The Company is currently preparing to spud the Cosmo # 1 [...]
Buccaneer Energy Limited (Buccaneer) announced that the Alaska Department of Environmental Conservation (ADEC) has approved the revised C-Plan, also referred to as the oil spill plan, for the Cosmopolitan (“Cosmo”) project. Additionally the Alaskan Oil and Gas Conservation Commission (“AOGCC”) has approved the drilling permit for the Cosmo # 1 well. The “Endeavour – Spirit [...]
April 16, 2013 | Posted in
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Buccaneer Energy Limited has, together with BlueCrest, executed the final closing documents with Pioneer Natural Resources Alaska, Inc. for the acquisition of the Cosmopolitan Project (“Cosmo”) in Alaska, USA. Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest acquiring a 75.0% working interest, with Buccaneer acquiring a 25.0% working interest and [...]
Buccaneer Energy Limited 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. The parties have mutually agreed [...]
April 3, 2012 | Posted in
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Buccaneer Energy Limited has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the former Cosmopolitan Unit (“Cosmo”) from Pioneer Natural Resources Alaska, Inc. Cosmo is an undeveloped oil and gas field located in 50 feet of water in the Cook Inlet of Alaska and is in close [...]
February 2, 2012 | Posted in
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