NEWS BULLETIN

May 08, 2019 --- Vol. 25, No.17May 2019

Entek deal closes, Ferguson takes helm

Dougal Ferguson has officially taken the reins of Entek Energy whose primary oil and gas assets are in the Nanushuk formation on Alaska's North Slope.

Ferguson, managing director of the Perth, Australia-based independent, was a driving force behind a sister company and its subsidiary's entry into Alaska, starting with the acquisition of three leases in the National Petroleum Reserve-Alaska from Paul Craig.

Elixir Petroleum and its subsidiary Emerald House, which has some of the same major shareholders as Entek, closed on the sale of those leases and 10 adjoining NPR-A leases in April to Entek.

Starting with a winter 2019-20 seismic shoot, Entek is moving forward with exploration on its 149,590-acre parcel, although a technical evaluation of all available public data has been underway for about 18 months.

Dubbed Project Peregrine, Entek's acreage stretches between the Umiat oil field on the south "on trend" with ConocoPhillips' Willow oil field to the north, Ferguson told Petroleum News in a May 7 interview.

- KAY CASHMAN

See story in May 12 issue of Petroleum News, available online May 10 at www.PetroleumNews.com

For information on PN's news bulletin service, call 907-522-9469. PO Box 231651, Anchorage, AK 99523 - 1651


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