Bald Eagle Energy, Inc. (BEEI.OB) Completes North Slope Lease Acquisitions
Bald Eagle Energy, Inc., (BEEI.OB) recently finalized acquisition of 6 separate Alaska North Slope leases for oil and gas exploration, completing a purchase agreement begun in April, 2008. The leases total 18,418 acres, just south of the massive Prudhoe Bay Field, the largest single oil field in North America. Alaska’s North Slope Basin is currently estimated to have roughly 27 billion barrels of discovered recoverable oil, and about 52 trillion cubic feet of recoverable natural gas. The Prudhoe Bay Field alone has produced over 10 billion barrels of oil. A third party geological report has estimated that, if new oil…