Buccaneer Discusses Onshore Plans

5/25/12

Crews with Buccaneer are continuing to make progress with oil and gas development in their Kenai Loop Field. We spoke with Jim Watt, President of Buccaneer Alaska yesterday, about the independents continuing work in the area…

 

 

We also asked what kind of performance they’re expecting from that second well…

 

 

Buccaneer recently executed binding agreements with New York based Richmond Hill Investment Co., for a $20.0 million project finance facility to help forward work in the Kenai Loop field.  Watt did say that this finance package and previous ones has ensured all local sub-contractors have been paid.

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