Buccaneer Energy Updates on Kenai Loop Project in Alaska

Buccaneer Energy provided an update on the progress of the 100% owned Kenai Loop # 1-4 well in Alaska.

The Kenai Loop # 1-4 is being drilled from Drilling Pad # 1 which is the same drilling pad as Buccaneer’s other Kenai Loop wells and will be drilled to approximately 10,700′ TVD / 10,897′ MD.

The well will be drilled to a target that appears to be fault separated from the current producing zones in the Kenai Loop # 1 – 1 and Kenai Loop # 1 – 3 wells and is expected to be completed in late September 2013. The current production facilities at Drilling Pad # 1 will need minor upgrades to facilitate production from this new well and preliminary plans have been finalized to perform these upgrades with minimal delays.

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LNG World News Staff, August 27, 2013; Image: Buccaneer Energy