Bald Eagle Energy Inc. (BEEI.OB): Exploring for Gold, Golden Opportunity for Investors?
Bald Eagle Energy (BEEI) is engaged in oil exploration. The company is set to develop six new leases covering 18,000 acres on Alaska's oil-rich North Slope. Bald Eagle's lease portion in this area is estimated to contain about 90 million barrels of crude oil, and is one of the North Slope's least explored areas. What could work in Bald Eagle's favor is that its area of exploration on the North Slope is relatively small compared to what major oil firms such as ExxonMobil, Occidental Petroleum and Royal Dutch Shell typically look for. Bald Eagle isn't fighting for leases with these…