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Buccaneer Energy Ltd Announced Gas Sales Contract

Sunday, 24 Mar 2013 08:19pm EDT 

Buccaneer Energy Ltd announced that it has executed a short term gas sales contract with Alaska Pipeline Company (APC), a wholly owned subsidiary of SEMCO Energy, Inc. The gas will be provided to APC’s affiliate, ENSTAR Natural Gas Company, a division of SEMCO Energy, Inc. (ENSTAR). The short term gas sales contract allows for the commencement of gas sales to ENSTAR from the Kenai Loop # 4 well during the period 20 March – 30 September 2013. Buccaneer and APC are also in discussions for a new multi-year contract. The short term gas sales contract is a firm commitment by Buccaneer to deliver and a firm commitment by ENSTAR to purchase volumes of between 4.37 and 5.0 million cubic feet per day (MMCFD) at a set price of USD6.80 / MCF. ENSTAR is responsible for transportation costs after the receipt points. 

Company Quote

14 Feb 2014