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Buccaneer saves loan cash for well

Alaska-focused Buccaneer Energy will finance its purchase of the Glacier 1 rig from Marathon Oil Company from another group after securing loans of $50 million, the company has announced.

Kenai 1: Buccaneer plans to follow up the pictured well with a second in the Kenai Loop and its first offshore well later this year.
Kenai 1: Buccaneer plans to follow up the pictured well with a second in the Kenai Loop and its first offshore well later this year.
Published 23 May 2012, 03:56Updated 6 October 2016, 10:40
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