XCD Energy has finished its summer archaeological ground survey for its Peregrine project in the National Petroleum Reserve-Alaska.

The survey is an "important ingredient" in the independent's prospective resource report which the Alaska-focused Australia based oil junior commissioned with ERC Equipoise Pte Ltd. The report is expected to be finalized in late October.

"The engagement of ERCE to undertake the independent prospective resource report … will set the company up well to commence a farm-out campaign later this year," XCD's Managing Director Dougal Ferguson said.

- KAY CASHMAN

See stories in Oct. 13 issue, available Friday, Oct. 11 at www.PetroleumNews.com.

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