EOS Inks $200M Deal For Buccaneer Alaska Oil Project Stakes

Law360, New York (August 22, 2013, 5:48 PM EDT) -- Australian oil and gas energy giant Buccaneer Energy Ltd. sold stakes in some of its Alaska offshore and onshore drilling projects to California-based energy asset development firm EOS Petro Inc. in a deal worth up to $200 million, Buccaneer said Thursday. 

The agreement will give EOS the right to earn a 50 percent working interest in projects including the Southern Cross Unit and North Cook Inlet Unit offshore projects as well as its West Eagle onshore project, according to Buccaneer.

The deal is part of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.