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buccaneer energy ltd (BCC) Snapshot

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A$0.0080
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A$-0.02
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2.4B
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buccaneer energy ltd (BCC) Details

Buccaneer Energy Limited, through its subsidiaries, explores and produces oil and natural gas in North America. The company primarily holds a 100% working interest Kenai Loop project that covers an area of 9,308 acres; a 100% working interest in West Eagle project, which covers an area of 52,044 acres; and a 100% working interest in the West Nicolai project that covers an area of 5,653 acres, which are located in the Cook Inlet basin, Alaska. Its principal properties also include a 100% working interest in the Southern Cross Unit project that covers an area of 6,932 acres; a 98.2% working interest in North West Cook Inlet project, which covers an area of 8,568 acres; and a 25% working interest in Cosmopolitan project that covers an area of 3,144 acres in Cook Inlet basin, Alaska. The company also holds interests in properties located in the Gulf of Mexico, Texas, and Louisiana. It has proven and probable reserves of 69.9 million barrels of oil equivalent. Buccaneer Energy Limited was founded in 2006 and is headquartered in Sydney, Australia. On May 31, 2014, Buccaneer Energy Limited filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. It is in joint administration with Buccaneer Resources, LLC.

buccaneer energy ltd (BCC) Top Compensated Officers

Chairman and Finance Director
Total Annual Compensation: A$628.6K
Chief Operations Officer
Total Annual Compensation: A$362.1K
President of Business Development - Alaska
Total Annual Compensation: A$321.1K
Chief Land Man
Total Annual Compensation: A$298.2K
Executive Vice President of Exploration and D...
Total Annual Compensation: A$345.4K
Compensation as of Fiscal Year 2013.

buccaneer energy ltd (BCC) Key Developments

Buccaneer Energy Limited Announces Change of Registered Office Address

Buccaneer Energy Limited announced that the registered office of Buccaneer Energy Limited has changed to c/- Norton Rose Fulbright Australia, Level 18, Grosvenor Place, 225 George Street, Sydney NSW 2000.

Buccaneer Energy Limited Announces Resignation of Curtis Burton from Board and Associated Affiliates

Buccaneer Energy Limited announced resignation of Curtis Burton from the board and its associated affiliates.

Buccaneer Energy Limited Announces Suspension of Mr. Curtis Burton as Chief Executive Officer and Managing Director

Buccaneer Energy Limited announced that Mr. Curtis Burton, Chief Executive Officer and Managing Director, has been suspended with pay allowing for a review to be conducted. Mr. Burton has filed a lawsuit in the District Court of Harris County Texas claiming termination of his employment contract. The company will defend the action. Mr. John T. Young, Jr, Chief Restructuring Officer, has assumed Mr. Burton's executive responsibilities.

 

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