1. Most Discussed
  2. Gainers & Losers
  1. HotCopper will be undergoing Maintenance on 21-Dec from 3:00 AM AEDST - 4:00 AM AEDST. The system may be unavailable at times during that window.
  2. Join HotCopper today

    HotCopper is the largest stock market forum in Australia with over 250,000 registered members and more than 6,000 posts per day. Membership is FREE. Join now!

BCC 0.8¢

southern cross permitting for oil and gas

  1. warrenrb

    275 posts.

    No surprise but Buccaneer have now sought a spacing permit to explore for oil and gas in the Southern Cross Unit.

    Confirms that this will be the next job for Endeavour.

    Given past history this will go through, no problems.

    This makes three such permits currently being sought from AOGCC... KL1-4, KL1-4ST, and SCU1.

    xxxx

    The application of Buccaneer Alaska Operations, LLC (Buccaneer) for an exception to the spacing requirements of 20 AAC 25.055 to drill and complete an exploration oil and gas well within 1,500 feet of a property line where the owner and landowner are not the same on both sides of the line.

    Buccaneer by letter dated June 21, 2013, requests the Alaska Oil and Gas Conservation Commission (AOGCC) issue an order for an exception to the spacing requirements of 20 AAC 25.055 to drill and complete the Southern Cross Unit I exploratory well within 1500 feet of a property line where the owner and landowner are not the same on both sides of the line.

    More details here:

    http://doa.alaska.gov/ogc/hear/SouthnCrossUnit_1.pdf



DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

^
Top