Savant, True North Energy ink new deal
Savant gets interest in neighboring lease, True North will get interest in future production from Beaufort Kupcake project
After a deal between the two companies fell apart earlier this year, Savant Alaska LLC and True North Energy Corp. signed a new deal on Jan. 23 for the Kupcake project in the Beaufort Sea off Alaska’s North Slope.
Under the deal, True North will give Savant an interest in a state lease near Kupcake....
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No upfront payment under new deal
True North looks to seismic, sales, maybe partnerships
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