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Polar Petroleum Corp. Enters Agreement With ConocoPhillips to License Seismic Data From 32 North Slope Alaska Surveys
GlobeNewswire - Mon Oct 21, 8:00AM CDT
Polar Petroleum Corp. (POLR; herein after "Polar Petroleum," "Polar" and/or "the Company") entered into a charter agreement seismic data use license ("License") on August 28, 2013 with ConocoPhillips Company and ConocoPhillips Alaska, Inc. to purchase a license for the use of 2D geophysical data related to Alaska's North Slope region.
Polar Petroleum Corp. Provides Update on the Company's Exploration Work to Date & Project Plans for Its 3 Alaska-Based Oil & Gas Projects
GlobeNewswire - Fri Aug 09, 8:00AM CDT
Polar Petroleum Corp. (POLR; herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to provide an update on the Company's exploration work to date and its current business plans for its 3 Alaska-based oil and gas projects in the prolific North Slope region: the Hemi Springs Project, the Franklin Bluffs Project and the North Point Thomson Project.
Why Glencore Xstrata, Quindell Portfolio, and Polar Capital Should Beat the FTSE 100 Today
Alan Oscroft, The Motley Fool - Motley Fool - Fri Jun 14, 7:09AM CDT
LONDON -- The FTSE 100 ended yesterday a good bit stronger than earlier falls had suggested, actually finishing five points up for the day. And as of 7:45 a.m. EDT it has added another five points after U.S. and Asian markets closed their days on...
Polar Petroleum Corp. Reports on BP, ExxonMobil and ConocoPhillips Planning Additional $1 Billion Investment in Alaska Due to New Industry Friendly Tax Legislation
GlobeNewswire - Wed Jun 05, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to report on news that oil industry majors BP, ExxonMobil and ConocoPhillips plan to invest an extra $1 billion over the next 5 years on the North Slope of Alaska. BP is the operator of Alaska's Prudhoe Bay field, the largest oil field in North America. As operator, BP will increase capital spending at Prudhoe Bay by roughly 30%, adding 2 new onshore rigs to bring BP's total fleet in the area to 9 working rigs.[1] According to a June 3, 2013 new release issued by BP, the increased investment is due to changes in Alaska's industry friendly oil tax policy (i.e., Senate Bill 21 or SB 21), which was signed into law on April 14, 2013.[2]
Polar Petroleum Corp. to Acquire Well Data and Interpretation for 4 Wells Within or in Close Proximity to the Company's Alaska Oil and Gas Projects
GlobeNewswire - Thu May 30, 8:09AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces it will use Alaska-based Waters Petroleum, LLC (WPA) to acquire well data and receive Petrophysical Evaluations of 4 wells with the primary objective of determining pay intervals and prospective zones for the Company's Hemi Springs Project and Franklin Bluffs Project on Alaska's North Slope. Of the 4 wells, 2 are located within Polar Petroleum's oil and gas projects (ARCO Pipeline State #1, Hailstorm #1); 1 well is located in close proximity to the Company's acreage (Burglin 33-1); and 1 well, the Hemi Springs State #1, has a surface location just outside the Company's acreage but with a bottom hole location that is 648' within Polar's lease ADL391544. Data and interpretation of the individual wells will be released as made available.
Polar Petroleum Corp. Reports on Passing of Industry-Friendly, Tax-Reducing Bill by Alaska's Legislature to Increase Investment and Production
GlobeNewswire - Tue May 28, 8:30AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") reports that, on April 14, 2013, Alaska's legislature passed Governor Sean Parnell's oil tax change, Senate Bill 21 (SB 21). The new tax regime is designed to foster greater investment in Alaska's energy industry while increasing production.
Polar Petroleum Corp. Enters License Agreement With Fugro to Acquire Magnetic Data & Interpretation for the Company's Alaska-Based North Slope Projects
GlobeNewswire - Thu May 23, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces that on May 17, 2013, the Company signed an agreement with Fugro Gravity and Magnetic Services (part of the Fugro group) to license magnetic data and receive interpretation services for Polar's Hemi Springs Project and Franklin Bluffs Project on Alaska's North Slope. The magnetic data and related interpretation is expected to reduce exploration risk in a cost-effective manner while assisting in the exploration for oil and natural gas.
Polar Petroleum Corp. to Acquire Prime Alaska Properties Bordering ExxonMobil Project Which is Estimated to Hold 25% of the North Slope's Recoverable Natural Gas
GlobeNewswire - Tue May 21, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces the signing of a Letter Of Intent to acquire a 100% Working Interest (WI) in 12 offshore oil and gas leases (approx. 19,662 acres in total) in Alaska's prolific North Slope region as of May 20, 2013. The leases are collectively known as the North Point Thomson Project.
Polar Petroleum Corp. Engages Alaska Oil & Gas Veterans to Prepare Report on Shale Oil Production Potential for the Company's North Slope Projects
GlobeNewswire - Wed May 15, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces it has engaged regional experts Mr. David T. Gross and Mr. Donald W. Brizzolara to prepare a report on the shale oil production potential of the Company's 2 oil projects on Alaska's North Slope: the Hemi Springs Project and the Franklin Bluffs Project. The Company recently signed agreements with Mr. Gross and Mr. Brizzolara, appointing them to Polar Petroleum's Advisory Board as Head of Alaskan Exploration and as Chief Geological Advisor, respectively. The Company will use the report to better understand the potential shale oil resource and production potential of its 2 North Slope projects.
Polar Petroleum Corp. Reports on Oil Industry Activity in Close Proximity to the Company's Projects on Alaska's North Slope
GlobeNewswire - Wed May 08, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR); herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to report on recent oil industry activity taking place on Alaska's North Slope in close proximity to the Company's holdings.
Polar Petroleum Corp. Appoints 20-Year ARCO Alaska Veteran as Chief Geological Advisor
GlobeNewswire - Mon May 06, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to announce the appointment of Mr. Donald W. Brizzolara to the Company's Advisory Board as Chief Geological Advisor. Mr. Brizzolara represents 25 years of experience in oil and gas exploration and development geology, and consulting experience for firms such as ConocoPhillips and Shell.
Polar Petroleum Corp. Appoints Chevron Alaska Veteran to the Company's Advisory Board as Head of Alaskan Exploration
GlobeNewswire - Wed May 01, 9:55AM CDT
Polar Petroleum Corp. ((OTCBB OLR) herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to announce the appointment of Mr. David T. Gross to the Company's Advisory Board as Head of Alaskan Exploration. Mr. Gross's 30 years of industry and regional experience will be of great benefit to Polar Petroleum as the Company continues to advance its plans for the exploration, development and production of oil and gas on its North Slope assets in Alaska. [Full profile for Mr. Gross appears further below.]
Polar Petroleum Corp.'s Alaska-based Hemi Springs Project Estimated to Potentially Represent ~558 Million Barrels of Recoverable Petroleum Reserves
GlobeNewswire - Mon Apr 29, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum," "Polar" and/or "the Company") announces the preliminary conclusions of a new Geological Study ("the Study") on the Company's Hemi Springs Project and surrounding Alaskan North Slope region. According to the Study, the Hemi Springs Project acreage could represent total recoverable petroleum reserves of approximately 558 million barrels of oil (MMBO).
Polar Petroleum Corp. Secures USD$10 Million Equity Draw Down Financing Agreement
GlobeNewswire - Tue Mar 19, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces that on February 7, 2013, the Company entered into a USD$10 million equity draw down financing agreement ("the Agreement") with US Energy Investments Ltd.
Polar Petroleum Corp. Information Now Available Through S&P Capital IQ's Market Access Program
GlobeNewswire - Fri Mar 15, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces the Company's information is now available via S&P Capital IQ's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P Capital IQ's MarketScope Advisor. The Company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Polar Petroleum's information can be accessed at http://reports.standardandpoors.com/aidata/ma...56_all.htm.
Polar Petroleum Corp. Appoints Engineering, Surveying and Logistical Experts to the Company's Advisory Board
GlobeNewswire - Tue Mar 12, 8:00AM CDT
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to announce the appointment of Mr. Steven Costa as Engineering Advisor, Mr. Peter Brown as Surveying Advisor, and Mr. David Walker as Logistical Advisor to the Company's Advisory Board. The expertise of the advisors will be drawn upon as needed as Polar Petroleum moves forward with its plans for the exploration, development and production of oil and gas on its North Slope assets in Alaska.
Polar Petroleum Corp. Moves Into Strategic Office Space in Anchorage, Alaska
GlobeNewswire - Wed Mar 06, 8:00AM CST
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is pleased to announce the Company has officially moved into its new office space at 4300 B Street, Suite 505, Anchorage, Alaska, 99503.
Polar Petroleum Corp. Launches Official Website to Provide Timely & In-Depth Company & Project Information
GlobeNewswire - Mon Mar 04, 8:00AM CST
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") is extremely pleased to announce the launch of the Company's website at http://www.polarpetro.com. The website is designed to disseminate official information on the Company, its leadership team, regional and industry information, SEC filings, news releases, projects and ongoing exploration and development activities.
Polar Petroleum Corp. Acquires Prime Alaska North Slope Oil and Gas Properties
GlobeNewswire - Tue Feb 26, 8:00AM CST
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") today announces the acquisition of a 100% Working Interest (WI) in 17 oil and gas leases (approx. 46,399 acres in total) in the North Slope region of the State of Alaska.
Polar Petroleum Corp. Appoints President and CEO With Oil & Gas Industry and Management Experience & Changes Company Name
GlobeNewswire - Thu Feb 21, 8:00AM CST
Polar Petroleum Corp. (OTCBB OLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces the appointment of Mr. Daniel Robert Walker as the Company's President and CEO to meet the challenges of exploration, development and production of oil and gas on Alaska's North Slope. To better reflect the change in the Company's business plan to oil and gas exploration, development and production, the Company also officially changed its name to Polar Petroleum Corp.