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Finnex rental reduction request denied - December 19, 2021

Finnex rental reduction request denied - December 19, 2021
petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.

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Alaska Journal | Former Brooks Range executives seek second shot at Mustang

Some of the players in a failed North Slope oil project want to revive the state-backed field under a new name.

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Alaska Journal | AIDEA board approved foreclosure sale for failed Mustang project

Alaska Journal | AIDEA board approved foreclosure sale for failed Mustang project
alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.

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Alaska development bank forecloses on oil field assets

January 29th | Leaders of the state development bank now must decide what to do with a failed North Slope oil project in which they have invested $70 million. The Alaska Industrial Development and Export Authority took control of the Mustang project in December following years of fits and starts by former operator Brooks Range Petroleum Corp. that ultimately led the state-owned authority to foreclose on the project assets. Approximately a year ago the AIDEA board of directors approved what ended up being the last in a series of amendments to its $70 million total equity investment in Mustang, which had previously been morphed into a loan to Brooks Range s parent companies.

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Alaska development bank forecloses on oil field assets after $70 million investment

Alaska development bank forecloses on oil field assets after $70 million investment Published January 21 Share on Facebook Print article Leaders of the state development bank now must decide what to do with a failed North Slope oil project in which they have invested $70 million. The Alaska Industrial Development and Export Authority took control of the Mustang project in December following years of fits and starts by former operator Brooks Range Petroleum Corp. that ultimately led the state-owned authority to foreclose on the project assets. Approximately a year ago the AIDEA board of directors approved what ended up being the last in a series of amendments to its $70 million total equity investment in Mustang, which had previously been morphed into a loan to Brooks Range’s parent companies.

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