Buccaneer.

• Author: Gallion, Mari
• Position: INSIDE ALASKA BUSINESS

Buccaneer Energy Limited announces that production from its 100 percent owned Kenai Loop #4 well commenced on Sunday, February 10. The Kenai Loop #4 well is currently producing at an initial rate of 2.0 million cubic feet per day. The majority of the current total production is being sold to the local gas utility Enstar.

This production rate is currently limited by the installed temporary production facilities. In November 2012, the company commenced the installation of permanent production facilities and pipeline connections at Kenai Loop; however, severe weather conditions meant that the build out...