6-17-15
Caelus Energy Alaska, LLC's Casey Sullivan (NGP Photo) reports the company has acquired a 75 percent working-interest ownership in NordAq Energy Inc.’s Tulimaniq leases located in Smith Bay on the North Slope of Alaska. Smith Bay is approximately 150 miles west of Prudhoe Bay and is well documented for its extensive hydrocarbon potential. Slightly more than 117,000 acres (gross), the 26 leases were assigned to Caelus Energy Alaska Smith Bay, LLC a wholly owned subsidiary of Caelus. As a result, Caelus becomes the operator and will lead the exploration drilling [...]