A run-up in commodity prices tends to bring out every Tom, Dick and Harry interested in getting into the game. Whether the volatility of those prices keeps them in the game or not is another thing altogether. In either event, their speculative pursuits do offer interesting opportunities for those wishing to capitalize on another’s desire to become the next Rockefeller. An investor that can find the right company with the right prospects is an investor that may find a nice tidy profit with a bit of relative risk attached.
Bald Eagle Energy Inc., an oil exploration and development company, owns lease rights to six oil prospects on over 18,000 acres of land located at and near the North Slope oil producing regions of Alaska. Lower cost production and administration are the hallmarks of the company’s business model.
The company’s lease prospects are its greatest asset. Located just south of America’s largest oil reserves (Prudhoe Bay), the company’s drill sites are surrounded by most of the world’s leading oil and gas companies. Among the company’s neighbors are: EXXON Mobile, ConocoPhillips and BP. Additionally, the company’s sites are located within practical use of the Trans Alaskan Pipeline and Dalton Highway. Although the general reserves of the Prudhoe strike are nearing an end, the company is certainly in a position to extract enough remaining reserves in and around currently working sites to be financially rewarding.
Oil drilling concerns will be hired to explore and produce oil, but with only minimal administrative costs from the company’s Houston offices. A successful investor might see this as an opportunity to invest in well positioned assets ready for production. The promising future of Bald Eagle is an interesting one that may hold substantial profits for investors.
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