Buccaneer Energy [ASX: BCC] - ConocoPhillips Gas Sales Contract Executed
HIGHLIGHTS
-Gas Sale Contract with ConocoPhillips to supply LNG facility
-Starts on commencement of production in December 2011
-Delivery of up to 2.5 BCF until April 2012
Buccaneer Energy Limited (“Buccaneer” or “the Company”) is pleased to advise that it has executed a gas sales contract with ConocoPhillips, to supply natural gas to ConocoPhillips’ LNG facility located on the Kenai Peninsula approximately 10 miles north-west of Buccaneer’s 100% owned Kenai Loop project.
The contract with ConocoPhillips commences when Kenai Loop # 1 starts production in December 2011. The contract is expected to conclude on 30 April 2012, with the potential to end earlier, if construction of the Cook Inlet Natural Gas Storage (“CINGSA”) facility is completed prior to this date.
HIGHLIGHTS
-Gas Sale Contract with ConocoPhillips to supply LNG facility
-Starts on commencement of production in December 2011
-Delivery of up to 2.5 BCF until April 2012
Buccaneer Energy Limited (“Buccaneer” or “the Company”) is pleased to advise that it has executed a gas sales contract with ConocoPhillips, to supply natural gas to ConocoPhillips’ LNG facility located on the Kenai Peninsula approximately 10 miles north-west of Buccaneer’s 100% owned Kenai Loop project.
The contract with ConocoPhillips commences when Kenai Loop # 1 starts production in December 2011. The contract is expected to conclude on 30 April 2012, with the potential to end earlier, if construction of the Cook Inlet Natural Gas Storage (“CINGSA”) facility is completed prior to this date.
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