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Grey Owl winging - January 02, 2022 - Petroleum News

Balcony Natural Resources Inc. has told Petroleum News that it has obtained very promising results from the reprocessing of seismic data for its Grey Owl prospect, in the eastern North Slope nearly 30 miles south of the Badami oil field. The company says that it anticipates drilling a well in the pr. ....

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Borealis moves forward - May 16, 2021 - Petroleum News

Providing coverage of Alaska and northern Canada s oil and gas industry
Borealis moves forward
Kay Cashman
Petroleum News
In preparation for exploratory drilling next winter in its Castle North prospect in the northeastern National Petroleum Reserve-Alaska, Borealis Alaska Oil Inc. applied for an Oil Discharge Prevention and Contingency Plan with the Alaska Department of Environmental Conservation. That plan, which is comprehensive and covers the companys exploration drilling operations for all its NPR-A North Slope oil and gas prospects, is out for a 30-day public review that ends June 7 at 11:59 p.m. AKT.
In NPR-A, the Borealis leases lie in what the Anchorage-based independent named the Castle prospect trend, a series of six individual Brookian prospects in the lower Nanushuk formation. Southwest of Willow, the prospects are directly analogous to the geologic setting for major oil discoveries at Pikka, under development by Oil Search (Alaska), and by Conoc ....

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Oil patch insider: Borealis assigns numerous ORRIs;may have sold E. North Slope block - February 21, 2021

Providing coverage of Alaska and northern Canada s oil and gas industry
Oil patch insider: Borealis assigns numerous ORRIs;
may have sold E. North Slope block
Kay Cashman
Petroleum News
In the latest monthly lease report posted by Alaskas Division of Oil and Gas, 23 pages are devoted to Borealis Alaska Oils over-riding royalty interest assignments. More ORRI assignments are expected from the company, a re-brand of Nordaq Energy, as well as working interest assignments to a rumored buyer of the companys eastern North Slope leases - Balcony Natural Resources, which per Alaska Department of Commerce filings looks to be newly formed and 100% owned by Kerry Smith, who heads up Oleum Partners LLC of Dallas, Texas. ....

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