10-4-16 NEW ALASKA NORTH SLOPE DISCOVERY ANNOUNCED! – Big Arctic Symposium Today & Tomorrow In Anchorage

For Immediate Release: Caelus confirms large-scale discovery on the North Slope of Alaska New find could deliver significant oil production, jobs and state revenue (Anchorage, AK - October 4, 2016)  Caelus Energy Alaska, LLC announced Tuesday that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 as well as 126 square miles of existing 3D seismic, Caelus estimates the oil in place under [...]