Buccaneer Energy advise that two key permits have been granted for oil and gas exploration operations at the Southern Cross and Northwest Cook Inlet Units located offshore in the Cook Inlet, Alaska.

The Alaskan Department of Natural Resources (DNR), Division of Oil and Gas, has approved the Buccaneer Alaska Operations, LLC Unit Plan of Operation, Cook Inlet - Exploratory Drilling Program, which approval authorizes exploration activities in state waters in the Cook Inlet.

Additionally, pursuant to the Rivers and Harbours Act of 1899, the U.S. Army Corps of Engineers has issued the required “Section 10 Permit” authorizing Buccaneer’s use of a jack-up rig in the navigable waters of the Cook Inlet for the planned exploration activities. The Company’s Marine Mammal Monitoring and Mitigation Plan is incorporated in the Section 10 permit.

Tags: Buccaneer Energy Ltd.