Bald Eagle Energy Inc. is an oil and gas exploration company headquartered in Dallas, Texas. Their corporate mission is to be a partner in helping America work toward energy independence. Trading on the OTCBB, they have a market capitalization of $84.98 million. The company is focusing their efforts on Alaska’s vast energy resources.
The company’s strategy for profitability is to reduce capital expenditures through a minimized team of experienced management, and to retain the consulting services of industry experts only when needed. They also utilize third-party drilling companies to limit investment in equipment and limit operating expenses.
Bald Eagle holds a 100% percent working interest in six separate leases in Alaska. The six leases total 18,418 acres. They are east of the Arctic Fortitude Unit and south of the Prudhoe Bay Unit, which has produced in excess of 10 billion barrels of oil from The Prudhoe Bay Field. This field is the largest oil field in North America. The company’s land position with these leases is within the range of the Trans-Alaska Pipeline and the Dalton Highway. Industry players such as BP, ExxonMobil, ConocoPhillips, Chevron and Anadarko surround the company’s interests in this region.
Alvaro Vollmers, Chief Financial Officer of Bald Eagle, stated: “Our company’s primary area of interest is located near the largest oil field in North America, which has garnered much attention attracting many of the best people in the business. This allows us to enlist industry experts as consultants and third-party drilling companies with significant industry knowledge of Alaska, while reducing costs through keeping a minimum-sized experienced management team. We see the opportunity we have in Alaska as a prospect for long-term shareholder growth with the significant upside of our proximity to the Prudhoe Bay Field.”
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