XCD Energy Confirms 1.6BN Barrel Prospective Resource on Alaska’s North Slope
XCD Energy Confirms 1.6BN Barrel Prospective Resource on Alaska's North Slope Meagan Evans HOME to multiple multi-billion barrel oil discoveries, including the 25 billon barrel Prudhoe Bay, US$250 million is being ploughed into the North Slope of Alaska for exploration drilling this year, led by ConocoPhillips (NYSE:COP) who is drilling eight wells. ASX oil junior, XCD Energy (ASX:XCD) — a new arrival on the North Slope, has a 100% working interest in one of the world’s newest, highly prospective onshore oil plays. Located on the highly prospective Nanushuk trend on the North Slope, XCD’s 100%-owned Peregrine Project is directly adjacent to ConocoPhillips’ large acreage position at its Willow discovery — a US$5 billion 450–800 MMBOE project with potential for 100,000...