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NEWS BULLETIN

May 18, 2004 --- Vol. 10, No. 48May 2004

MMS receives no bids for Cook Inlet lease sale

The Minerals Management Service said today that it received no bids for its Cook Inlet Sale 191. Bids were to have been opened for the MMS sale after the state of Alaska’s areawide Cook Inlet and Foothills bid openings beginning at 8:30 a.m. tomorrow at the Loussac Library in Anchorage.

“Part of our job is to provide access to acreage, but companies then must decide whether it fits in with their exploration plans,” MMS Alaska Regional Director John Goll said in a statement. Goll said “companies continued to express interest right up through the last few weeks,” but no bids were received prior to the agency’s May 18 deadline.

MMS has proposed another sale for Cook Inlet in 2006. The last exploration well was drilled in the federal Cook Inlet outer continental shelf area in 1984, and the area remains relatively unexplored.

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