Not sure but it looks like investors are jumping on the North slope and the cook inlet
Fox Petroleum acquires Cook Inlet leases London-based Fox Petroleum Inc. said Oct. 25 that it has “signed an agreement to acquire approximately 42,000 acres” of oil and gas leases in the Cook Inlet region. Fox announced acquisition of some 32,000 acres of North Slope oil and gas leases in July. The North Slope leases were acquired from Sam.... http://www.petroleumnews.com/cgi-bin/start.cgi/homeauto.html?ipnumber=153.26.176.34
Alaska gets $2M in bids
Bidders at Beaufort, North Slope sales fill in around prospects, only 2 big bidders
Kristen Nelson
Petroleum News
An Alaska investor group and a new company dominated the State of Alaska’s annual North Slope and Beaufort Sea areawide lease sales. When bids were read in Anchorage Oct. 24 by Acting Director of the Division of Oil and Gas Kevin Banks, the state had 21 bids on 21 tracts in the Beaufort Sea sale and 18 bids on 18 tracts in the North Slope sale.
In the Beaufort Sea sale, local investors J. Andrew Bachner (90 percent) and Keith C. Forsgren (10 percent), bidding jointly, accounted for $573,996.80 of $704,482.40 bid in that sale, while a new company, Union Energy (Alaska) LLC, with an address in Switzerland, spent $449,971.20 in the North Slope sale (33.2 percent of the sale total of $1,354,828.80).
The sales didn’t draw as many bidders or as much money as earlier areawide sales.
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