Project Peregrine could hold 1.6Bbbl: XCD

PERTH-headquartered oil explorer XCD Energy, formerly Entek Energy, has released an independent report evaluating prospective resources across its Project Peregrine acreage on the Alaskan North Slope.

Project Peregrine could hold 1.6Bbbl: XCD Project Peregrine could hold 1.6Bbbl: XCD Project Peregrine could hold 1.6Bbbl: XCD Project Peregrine could hold 1.6Bbbl: XCD Project Peregrine could hold 1.6Bbbl: XCD

Image provided by Paul Balfe. (https://www.flickr.com/photos/paul_e_balfe/37283402336)

 

It has taken the company six months to get to this point, but its efforts have proved fruitful, with independent assessor ERC Equipoise estimating the 196,000-acreage project holds around 1.