Buccaneer Energy Ltd. (fka BCGFQ)

[Greenoilman]

Another release from Buccaneer, it seems that the rig got them a seat at the table with Conoco. First thing they take down is a farm out with significant reserves.

Me thinks that means that Conoco is heading out of the Inlet. They have gas shut in, they are giving away oil rights that they know they won't get to, the LNG plant is sitting still.

Looks to me that Conoco may be another Marathon waiting to be snatched up.

That LNG plant would be very important if you are competing with Hilcorp on the Gas side. Would explain why they were meeting with the Governor and other politicians last week.

Perhaps another enabling asset, attached to natural gas production is in the works. That would explain quite a few off the cuff remarks in the oil patch.