Archive for the ‘Bald Eagle Energy Inc. BEEI’ Category

Bald Eagle Energy Inc. (BEEI.OB) Shows How Oil Can Act Like Gold

Tuesday, March 3rd, 2009

Oil exploration company Bald Eagle Energy, Inc. recently showed how a little oil stock can, like gold, do remarkable things. Even though the sluggish economy has brought oil prices down to earlier levels, oil stocks can also be viewed as having a counter-cyclical element. From 2/19 to 2/24, the Dow Jones Industrial Average made another new low, causing some investors to again start using the term “depression”. Little noticed was that, during the exact same time, BEEI jumped over 37%.

Unlike the major oil players, Bald Eagle Energy is a small, largely unexposed company, still under the radar of many investors, and with a share price to match. And yet the company has positioned itself to reap potentially huge gains by securing leases on over 18,000 acres right next door to the biggest oil field in North America, Prudhoe Bay.

The fact that the company has managed to find a seat at one of the biggest oil tables in the world, Alaska’s North Slope, can only strengthen its appeal as the economy struggles to a brighter future. Alaska’s North Slope Basin is still estimated to have some 27 billion barrels of already discovered recoverable oil, and the Bald Eagle lease acreage could collectively total up to 90 million barrels of recoverable oil according to a third-party geological report.

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Bald Eagle Energy, Inc. (BEEI.OB) Optimism in Alaska Shared By Many

Friday, February 27th, 2009

Bald Eagle Energy, Inc., (BEEI.OB) is in good company as it seeks out oil and gas deposits in the Arctic regions of Alaska. Some of the biggest oil and gas companies in the world are exploring or producing, both on shore and off shore, in and around Alaska.

• ExxonMobil (NYSE:XOM) has been in Alaska for a long time, having invested over $20 billion since 1954, and it’s still there, producing approximately 140,000 barrels of oil per day.

• Royal Dutch Shell (NYSE:RDS-B) is investing billions into offshore exploration in the Beaufort Sea and Chukchi Sea, off Alaska’s north and northwest coasts.

• British Petroleum (NYSE:BP) operates the largest oil field in North America, the Prudhoe Bay Field in far northern Alaska, along with other oil fields and pipelines on Alaska’s North Slope.

• Chevron Corp. (NYSE:CVX) has a number of exploration and production operations on Alaska’s North Slope, and operates 10 platforms and 5 gas fields in the Cook Inlet Basin.

• ConocoPhillips (NYSE:COP) is Alaska’s largest oil and gas producer, with ownership interests in two of the largest oil fields in North America, Prudhoe Bay and Kuparuk, along with operating interest in other Alaskan fields and operations.

However, there are also a number of smaller companies, now including Bald Eagle Energy, that are represented in the area.

• Eni SpA (NYSE:E), targeted to produce 40,000 barrels of oil per day by the end of 2009

• Anadarko Petroleum (NYSE:APC), with Alaskan reserves of 58 million barrels of oil equivalent

• Petro-Canada (NYSE:PCZ), with an annual investment budget for the region of $70 million

• Talisman Energy (NYSE:TLM), with Alaskan interests in over 950,000 acres

• Pioneer Natural Resources (NYSE:PXD), one of the first independents to operate on the North Slope

In spite of all the interest, much of Alaska and the Arctic remain unexplored. The reason so many large and small companies are looking north is simple. The U.S. Geological Service estimates that the Arctic holds nearly 25% of the world’s undiscovered reserves.

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Taste of the Juice

Friday, February 27th, 2009

Over the past ten years, oil prices have captivated the attention of nearly every American. This is not surprising as the price for a barrel of oil has risen from less than $15 to more than $150 in just the past decade, generating massive profits for oil and gas companies, as well as those who invested with them. As many would have predicted, the high cost of energy was unsustainable for the current worldwide recession, and since summer of last year, oil prices have fallen as much as 76%.

This extreme drop in the price within just a few months time shocked oil and gas companies who were extremely happy with the seemingly never ending increase of profits. Now with oil prices hovering around the $40 per barrel mark, many of these companies are cutting production and investment to reduce the available supply of energy, subsequently increasing the cost of oil as the demand/supply ratio rebalances in their favor.

It won’t take long for oil prices to rebound as OPEC, supplier of more than a third of the world’s oil, has already cut its production per day by millions of barrels. In March, OPEC will be discussing even more production cuts to shore up prices. Additionally, other countries have declared they are ready to significantly cut their oil production as well.

It is a known fact that stocks typically go up before market conditions improve and this applies to the oil industry as well. One of the largest gainers this week is Bald Eagle Energy, Inc. (OTCBB: BEEI), an oil and gas exploration company focused on Alaska’s vast energy resources. Since the close of last week, the stock has gone up as high as 84.4%. Volume has also improved substantially, increasing from total volume of 142,300 last week to more than 2.6 million traded shares.

Other oil stocks already experiencing the benefits of an upturn in oil prices include: Canadian Natural Resources Limited (NYSE: CNQ) up 7.3% this week, Dorchester Minerals LP (NASDAQ: DMLP) up 8.6%, Houston American Energy Corp. (NASDAQ: HUSA) up 9.4%, and NEXEN Inc. (NYSE: NXY) up 11.6%. Intelligent investors are currently accumulating the best oil stocks while they are trading at bargain prices and stand to reap substantial profits once oil prices recover.

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Bald Eagle Energy, Inc (BEEI.OB) Gets Encouragement From LAPP Resources

Thursday, February 26th, 2009

Bald Eagle Energy, Inc., (BEEI.OB) has received support from LAPP Resources, Inc., an Alaskan based oil and gas exploration services company. Bald Eagle Energy contracted with LAPP to provide an independent review of the hydrocarbon prospectively of its recently finalized North Slope oil exploration leases. The leases are just south of the huge Prudhoe Bay Field, the largest oil field in North America.

In a 23 page report, LAPP first made it clear that it has no direct, indirect, or deferred ownership interest in Bald Eagle, nor plans to acquire acreage in the subject area. The report went on to discuss the potential of the leases in terms that made the value of Bald Eagle’s position clear.

The leases are in the North Slope hydrocarbon province, which is already home to three super-giant oil and gas fields: the Point Thompson Field (8 trillion cubic feet of gas), the Kuparuk River Field (2.6 billion barrels of oil and 1 trillion cubic feet of gas), and of course the Prudhoe Bay Field (15 billion barrels of oil, 27 trillion cubic feet of gas). The North Slope province (including discoveries in the Beaufort Sea) also contains 69 other fields.

According to the report, the North Slope Basin has approximately 27 billion barrels of discovered recoverable oil, and 52 trillion cubic feet of recoverable gas. Also of interest is the fact that the area has a relatively low exploration and drilling density, and remains under-explored.

The report also emphasizes the importance of the leases’ close proximity to the Trans Alaska Pipeline, the all-weather Dalton Highway, and a proposed natural gas pipeline. In addition to the prospect of conventional oil and gas discovery, the leased areas are now suggesting other potentials. Tight oil and gas sands, heavy and/or cold viscous oil, methane hydrates, and shale gas may all be discovered within the lease areas and could contribute, according to the report, substantial reserves.

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Bald Eagle Energy, Inc. (BEEI.OB) Completes North Slope Lease Acquisitions

Wednesday, February 25th, 2009

Bald Eagle Energy, Inc., (BEEI.OB) recently finalized acquisition of 6 separate Alaska North Slope leases for oil and gas exploration, completing a purchase agreement begun in April, 2008. The leases total 18,418 acres, just south of the massive Prudhoe Bay Field, the largest single oil field in North America.

Alaska’s North Slope Basin is currently estimated to have roughly 27 billion barrels of discovered recoverable oil, and about 52 trillion cubic feet of recoverable natural gas. The Prudhoe Bay Field alone has produced over 10 billion barrels of oil. A third party geological report has estimated that, if new oil fields are discovered within the Bald Eagle lease acreage, they could collectively total up to 90 million barrels of recoverable oil, representing billions of dollars for Bald Eagle.

Besides having rich hydrocarbon potential, the lease areas are valuable for their proximity to existing petrochemical infrastructure. All the Bald Eagle leases are close to the Trans Alaska Pipeline, as well as the all-weather Dalton Highway. This means that any new oil discoveries should be relatively easy to develop. In addition, if natural gas is developed, the Bald Eagle leases are also close to the route of the state’s proposed gas pipeline.

Bald Eagle should also benefit from the favorable political environment found in Alaska. Even though Alaska’s North Slope operations involve some of the largest oil companies in the world, including British Petroleum, ExxonMobil, ConocoPhillips, and Chevron, Alaska’s state government recognizes a place for smaller players like Bald Eagle. Although British Petroleum invests some $600 million each year in the state, Alaska has a record of actively encouraging independent energy companies like Eni SpA, Anadarko Petroleum, and Pioneer Natural Resources.

The Bald Eagle leases symbolize the company’s confidence in Alaska’s North Slope, and their high expectations for long term development and profit.

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Bald Eagle Energy (BEEI.OB) is Confident In Alaska’s Potential

Tuesday, February 24th, 2009

Bald Eagle Energy, Inc., (BEEI.OB) is convinced that Alaska’s North Slope still holds vast undiscovered reserves of oil and gas. It’s a belief shared by some of the biggest oil companies in the world, fueled by continued discoveries in the area starting in the 1970s, and encouraged by record producing wells. It takes 150-200 wells in the lower 48 states to match the output of a single North Slope well, according to Roger Herrera, Arctic Power D.C. Coordinator, as quoted on ANWR.org.

The North Slope region continues to produce major discoveries. The Prudhoe Bay Field, the largest oil field in North America, has been joined by two other fields, the Point Thompson Field, and Kuparuk River Field. Since production began, Prudhoe Bay alone has resulted in over 10 billion barrels of oil, and still produces over 400,000 barrels every day.

And geological studies suggest that the end is not in site. The company points out that, between 1981 and 2006, the average size globally for technical discoveries was about 40 million barrels of oil. Compare that with the average discovery size above the Arctic Circle during the past 10 years of approximately 170 million barrels of oil equivalent.

Further supporting North Slope optimism, the National Energy Technology Laboratory has concluded that the North Slope is not a mature petroleum province, and may provide oil for years to come. And a US Department of Energy report on the future of oil and gas resources in Arctic Alaska indicates that, in a best case scenario, an additional 36 billion barrels of oil and 137 trillion cubic feet of natural gas could be added over Alaska’s current reserve estimates.

Bald Eagle Energy has backed up its confidence with leases on land just to the south of the giant Prudhoe Bay Field. The company recently announced completion of acquisition for 6 leases in the area, totaling over 18,000 acres.

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Bald Eagle Energy, Inc. (BEEI.OB) Up 31.15%!

Monday, February 23rd, 2009

Bald Eagle Energy, Inc. (BEEI.OB) is one of our featured companies and today the stock closed at $0.16 for 31.15% gains in just one day! The stock traded as high as $0.185 during the morning trading hours. Volume for the day totaled 375,432, which was significantly higher than the 10-day average of 55.9 thousand.

The company caught the attention of many stock newsletters including: Willy Wizard, The Sandman, The Bull Report, Street Insider, Street Authority, Stocks Journal, StockEgg, Stock Upticks, Stock Stars, Stock Research Newsletter, SpeculatingStocks, Small Cap Investor, SeriousTraders, Penny Pic, OTC Picks, OTC Advisors, Newsletter Advisors, Investment House, Inside Move, HotOTC, CoolPennyStocks, Beacon Equity Research and more.

Continue to keep this stock on your watchlist!

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Bald Eagle Energy (BEEI.OB) Has a Focused Management Team

Monday, February 23rd, 2009

Bald Eagle Energy, Inc., (BEEI.OB), a growing oil and gas exploration company, credits its success to a tightly knit group of seasoned business and industry veterans, all of which are focused on efficiency. The company builds shareholder value with a business model that stresses reduced capital expenditures, which includes taking care to hire the best rather than the many.

Heading the company’s minimized management team are two internationally known business professionals:

• Andrew S. Harper, CEO, has an extensive petroleum geology background, with nearly 30 years of international oil and gas exploration and development experience, including 21 years with industry giant ARCO.

He came to Bald Eagle Energy from China based MI Energy Corporation, where he was President of the International Division and Chief Geologist. During his tenure, production increased from 400 to 13,000 barrels of oil per day.

Before that he was a well known geological consultant, advising clients on international petroleum exploration and development projects, including projects in Columbia, Peru, Argentina, and Gabon.

Prior to that, he spent 21 years with ARCO, rising from geologist to senior level exploration positions, responsible for supporting operations and projects in many locations around the world.

Andrew holds a BA, Cum Laude, with Highest Honors in Geology from Williams College, and an MS in Geological Sciences from the University of Southern California.

• Alvaro Vollmers, CFO, has an impressive background in international business, emphasizing strategy development, financing, and startup management, including roles in both government and industry.

His government experience includes project management for Peru’s Ministry of Economy and Finance, involving responsibilities for a multi-project portfolio co-financed by the Peruvian Treasury, the World Bank, the Inter-American Development Bank, and the Japan Social Development Fund.

Alvaro also has experience as manager of Marine and Aviation Insurance with American International Group and Credicorp Ltd. owned Pacifico Seguros, and has startup project management experience with Proctor & Gamble.

Alvaro has Bachelor of Industrial Engineering degree from the University of Lima, and an MBA from the London Business School.

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Bald Eagle Energy (BEEI.OB) Works toward American Energy Independence

Friday, February 20th, 2009

Bald Eagle Energy, Inc., (BEEI.OB), a Texas based oil and gas exploration company, has its eyes on Alaska’s North Slope. The company is actively acquiring leases in the area, based upon two important facts:

• National and world demand for oil and gas will inevitably continue on an upward slope for years to come, in spite of the current economic slowdown, and in spite of efforts to move to non-fossil fuels.

• Alaska’s North Slope, and surrounding regions, represent America’s best major source of new energy, and will continue to play a major role in reaching the country’s goal of energy independence.

It’s no secret that America, and most of the world, floats on a sea of oil. And virtually every projection points to increased demand for the foreseeable future. Globalization, and the spread of free market economies, has spurred development like never before. And the recent economic downturn, even if prolonged, will not stop this long term growing competition for gas and oil.

America currently produces less than 25% of the oil it consumes, a daily shortfall of over 15 million barrels. As a result, the country’s productive engine is increasingly dependent upon foreign governments with interests that frequently diverge from those of the United States. Never before has America relied so heavily on the unpredictable goodwill of others. Political insecurities in oil producing regions, coupled with long and vulnerable supply lines, threaten the country’s security and have fueled American involvement in conflicts.

Bald Eagle Energy was formed in response to America’s oil crisis, with the purpose of working toward American energy independence. To this end, the company is completing the acquisition of leases in Alaska’s North Slope, leases that represent areas believed to be some of the most potentially productive in Alaska. And there’s a good reason for believing this. They’re right next door to the largest oil field in North America, Prudhoe Bay.

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Bald Eagle Energy Inc. (BEEI.OB) Recognizes the Boundless Opportunity in Alaska

Wednesday, February 18th, 2009

Alaska Governor Sarah Palin recently stated, “Alaska remains the most prospective oil and gas area in North America. Thanks to our attractive geology, our stable business climate and our reasonable government environment, Alaska continues to attract healthy interest from the global energy industry.”

When petroleum production from the 48 states began to decline in the early 1970s, massive discoveries of Alaska’s North Slope region offered hope of a new source of domestic oil. In fact, the Prudhoe Bay Field discovery in this region became the largest oil field in North America at 15 billion barrels of oil and 27 trillion cubic feet of natural gas. Since the discovery, over 10 billion barrels of oil has been produced and even today Prudhoe is recognized as America’s highest yielding oil field with production averaging about 400,000 barrels a day.

While the global average size for technical discoveries was 40 million barrels of oil, the average discovery size above the Arctic Circle has been more than four times higher. Not surprisingly, interest in Alaska’s energy is high with total acreage awarded on the oil-prone North Slope Basin in 2007 being the second all-time highest at 2,257 square miles.

According to the US Energy Information Administration website, “…experts believe that large oil and gas reserves in the State remain untapped…” The National Energy Technology Laboratory concluded that the North Slope is not a mature petroleum province and could provide oil for years to come. The US Department of Energy believes there may be an additional 36 billion barrels of oil and 137 trillion cubic feet of natural gas over the state’s current reserve estimates.

With proven potential and much left to be discovered, it is no wonder that Bald Eagle Energy, Inc. is excited about their projects’ prospects.

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Bald Eagle Energy, Inc. (BEEI.OB) Recent Acquisition of 6 Leases in Alaska’s North Slope Region

Friday, February 13th, 2009

Approximately two weeks ago, Bald Eagle Energy Inc. announced that it acquired the exclusive right to drill for and produce oil and natural gas under six separate leases in Alaska’s North Slope. The acquired leases include a 100% working interest with a net revenue interest of 78.33%. Together, the leases cover 18,418 acres.

Andrew Harper, Bald Eagle’s Chief Executive Officer, commented, “We are excited about the oil and gas exploration potential of these leases, which from a geological perspective are in a very favorable location. We see viable potential in this region for future development and the location of the leases (very close to the Trans Alaska Pipeline and the Dalton Highway) will help to lower operational costs and in effect lower the minimum field size required for commercial development relative to other parts of the North Slope.”

Bald Eagle also told investors that it has decided to let its previously held interests in its Cheryl Comego mineral claims located in the Province of British Columbia lapse to avoid unnecessary expenditures as it moves forward with its Alaskan operations. The ‘Comego Property’ was held by Bald Eagle’s wholly-owned subsidiary, CMBS Explorations Inc., but now that the claims have lapsed, Bald Eagle no longer has interests in British Columbia.

Harper added, “We now can officially state that we have initiated a new focus on Alaska for the company. We have centralized our interests in the North Slope region with the belief that helping to develop energy solutions for America will benefit both consumers and our shareholders. The completion of this acquisition signifies another step towards Bald Eagle doing its part to aid in the goal of American energy independence.”

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Bald Eagle Energy Inc. (BEEI.OB) is “One to Watch”

Wednesday, February 11th, 2009

Trading on the OTCBB, Bald Eagle Energy Inc. is an oil and gas exploration company. Their corporate mission is to be a partner in helping America work toward energy independence. Headquartered in The Woodlands, Texas, they also have an office in Anchorage, Alaska. The Company is focusing their efforts on Alaska’s vast energy resources.

Bald Eagle Energy Inc.’s strategy for profitability is to reduce capital expenditures through a minimized team of experienced management, and to retain the consulting services of industry experts only when needed. They also utilize third-party drilling companies to limit investment in equipment and limit operating expenses.

Bald Eagle holds a 100 percent Working Interest in six separate leases in Alaska. The six leases total 18,418 acres. They are east of the Arctic Fortitude Unit and south of the Prudhoe Bay Unit, which has produced in excess of 10 billion barrels of oil from The Prudhoe Bay Field. This field is the largest oil field in North America. The Company’s land position with these leases is within the range of the Trans Alaska Pipeline and the Dalton Highway. Industry players such as BP, ExxonMobil, ConocoPhillips, Chevron and Anadarko surround their interests in this region.

In 2008, Bald Eagle Energy Inc. announced that they received positive feedback in a third-party petroleum geologist’s report completed by LAPP Resources Inc. Authored by LAPP President, David W. Lappi, the report assessed Bald Eagle’s six Alaskan North Slope leases stating a potential for up to 90 million barrels of oil (MMBO). The report stated economic viability of the properties throughout the levels of expected production, including its lowest estimate of 5 million barrels of oil (MMBO), where the prospect was still economically sound.

In November of 2008, Bald Eagle announced that they named Andrew S. Harper Chief Executive Officer (CEO). Mr. Harper brings approximately 30 years of international oil and gas exploration and development experience. His experience includes 21 years with ARCO and 17 years in managerial positions.

Bald Eagle Energy Inc. announced on January 28, 2009 that they recently acquired the exclusive right to drill for and produce oil and natural gas under the six separate leases in Alaska’s North Slope. The acquired leases transferred to the Company in the fourth quarter of 2008. These leases include a 100 percent working interest with a net revenue interest of 78.33 percent. Each lease has an initial expiration date, subject to extensions for production, of January 31, 2012.

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Bald Eagle Energy Inc (BEEI.OB) Works to Increase Domestic Energy Resources

Friday, November 14th, 2008

Bald Eagle Energy Inc. (BEEI.OB), based out of Houston, is an oil and gas exploration company specifically formed to address America’s independence on foreign resources. While domestic energy companies produce 5.1 million barrels of oil per day (MMBOPD), US consumers use 20.7 MMBOPD. The current 15.6 million barrel shortfall is the gap that Bald Eagle is committed to reducing by tapping into the energy resources found in Alaska.

The North Slope Basin is known for its abundance of hydrocarbon with an estimated 27 billion barrels of discovered recoverable oil (BBO) and 52 trillion cubic feet of recoverable natural gas (TCFG). Compared to other parts of the US, the region has a low exploration-drilling density and is under-explored.

Bald Eagle entered into an agreement on April 18, 2008 to acquire a 100% working interest in six separate leases located on the Alaska North Slope. The company’s leases cover 18,418 acres located east of the Arctic Fortitude Unit and south of the Prudhoe Bay Unit. The Prudhoe Bay Unit, which is operated by a partnership between ExxonMobil, ConocoPhillips, and Chevron, is the largest oil field in North America and has produced in excess of 10 billion barrels of oil.

According to a LAPP Resources, Inc. geological report in April 2008, the proximity of the Bald Eagle leases to Prudhoe Bay would indicate that it is highly likely that the area should produce further conventional oil and gas pockets. The report stated further that if new oil fields were discovered, Bald Eagle may find up to 90 million barrels of recoverable oil. Based on an average of $60 per barrel, the potential value of the six lease sites would be up to $5.4 billion.

As the properties are located within several miles of the Trans Alaska Pipeline and the Dalton Highway, Bald Eagle can more conveniently ramp-up and develop the six properties. Although the LAPP Resources report did not evaluate the finding of any potential natural gas resources, the Bald Eagle sites are also close to the state’s proposed natural gas pipeline.

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Bald Eagle Energy, Inc. (BEEI.OB) Appoints New CEO to Lead Future Growth

Tuesday, November 11th, 2008

Bald Eagle Energy announced today that Andrew S. Harper has been named the company’s Chief Executive Officer (CEO). Mr. Harper replaced acting CEO Alvaro Vollmers who remains as the company’s Chief Financial Officer (CFO). Andrew Harper brings extensive experience to Bald Eagle Energy as he brings nearly three decades of international oil and gas exploration and development expertise.

Alvaro Vollmers, Bald Eagle’s CFO, stated, “We are pleased to have Mr. Harper come on board Bald Eagle. His recent experience allowed him to seek and evaluate new US and international venture opportunities, while applying the knowledge he acquired over his broad geological and managerial career. We believe that his leadership will benefit the growth and development of Bald Eagle.”

Mr. Harper has had numerous high-level responsibilities including supervision of new ventures evaluations; technical geological and geophysical studies; economic evaluations and political risk assessments; seismic surveys and seismic interpretations; environmental studies; preparations for exploration well drilling; opening a regional office; and managing exploration programs.

Most recently, Mr. Harper was President, International Division and Chief Geologist for China-based MI Energy Corporation (MIE). In this position, Mr. Harper managed geoscience aspects of extension and development activities in four onshore oil fields in China. He also oversaw the drilling of more than 600 wells along with various geological studies, reserves evaluations, and the supervision of 3-D seismic interpretations.

Andrew Harper, Bald Eagle’s new Chief Executive Officer (CEO), commented, “I am honored to join Bald Eagle at this important stage of its story. With America’s energy crisis looming, it is exciting to be on the front lines developing resources in Alaska. After a careful assessment, I saw Bald Eagle to be a great opportunity and I look forward to seeing the potential of the Company through to production.”

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Bald Eagle Energy, Inc.’s (BEEI.OB) Operations Strategically Located on Alaska’s North Slope

Friday, November 7th, 2008

Bald Eagle Energy is a relatively new company with one simple goal: To decrease America’s dependency on foreign oil through the development of domestic sources. Based out of Houston Texas, and with its primary operations in oil-rich Alaska, Bald Eagle is poised to become a significant player in the American oil and gas industry.

In the spring of 2008, the company entered into an agreement to purchase a 100 percent interest in six leases in Alaska’s North Slope Basin, a region famed for the vast stores of oil contained therein. The exploration areas that Bald Eagle have acquired, totaling more than 18,000 acres, are in close proximity to the largest oil field in North America; The Prudhoe Bay Field.

Alaska’s North Slope is excellent evidence of the untapped resources at America’s disposal. In fact, the region accounts for approximately twenty percent of all domestic oil production; the Prudhoe Bay Field alone has consistently yielded around 400,000 barrels per day, and over 10 billion since its discovery in 1977.

Bald Eagle’s decision to enter into purchase agreements for its Alaskan claims was well founded. According to Roger Herrera of the non-profit group Arctic Power, “Alaskan oil wells are so productive that it takes 150-200 wells in the lower 48 states to match the output of one North Slope well.”

Bald Eagle Energy is operating in a high-potential region of what many experts believe could be the site of over one quarter of the world’s undiscovered oil and gas reserves. The company was formed for the sole purpose of reducing reliance on foreign oil producers, and bringing more of those energy dollars back to where they are needed – right here at home.

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Bald Eagle Energy Inc. (BEEI.OB) is “One to Watch”

Thursday, November 6th, 2008

Bald Eagle Energy Inc. is an oil and gas exploration company headquartered in Dallas, Texas. Their corporate mission is to be a partner in helping America work toward energy independence. The company is focusing their efforts on Alaska’s vast energy resources.

The company’s strategy for profitability is to reduce capital expenditures through a minimized team of experienced management, and to retain the consulting services of industry experts only when needed. They also utilize third-party drilling companies to limit investment in equipment and limit operating expenses.

Bald Eagle holds a 100% percent working interest in six separate leases in Alaska. The six leases total 18,418 acres. They are east of the Arctic Fortitude Unit and south of the Prudhoe Bay Unit, which has produced in excess of 10 billion barrels of oil from The Prudhoe Bay Field. This field is the largest oil field in North America. The company’s land position with these leases is within the range of the Trans-Alaska Pipeline and the Dalton Highway. Industry players such as BP, ExxonMobil, ConocoPhillips, Chevron and Anadarko surround the company’s interests in this region.

Even during challenging times, the world depends on oil & gas exploration and production companies to deliver millions of barrels of oil every day. Increased demand from emerging countries such as China further escalates competition for this precious resource. With today’s unreliable supply lines and unsympathetic suppliers, our nation needs secure domestic energy more than ever before.

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Bald Eagle Energy Inc. (BEEI.OB): Exploring for Gold, Golden Opportunity for Investors?

Tuesday, September 9th, 2008

Bald Eagle Energy (BEEI) is engaged in oil exploration. The company is set to develop six new leases covering 18,000 acres on Alaska’s oil-rich North Slope. Bald Eagle’s lease portion in this area is estimated to contain about 90 million barrels of crude oil, and is one of the North Slope’s least explored areas.

What could work in Bald Eagle’s favor is that its area of exploration on the North Slope is relatively small compared to what major oil firms such as ExxonMobil, Occidental Petroleum and Royal Dutch Shell typically look for. Bald Eagle isn’t fighting for leases with these far-larger players on the North Slope, but is instead seeking profitable corners. The North Slope itself is one of America’s most oil-rich areas, with Prudhoe Bay estimated at about 15 billion barrels of crude oil and the Kuparuk River Field containing an estimated 3.6 billion barrels of crude. None of these estimates include the controversial ANWR region.

Even as the price of oil has declined recently, demand hasn’t diminished. In fact, by some estimates, another 37.5 million barrels per day will be needed by 2015. Texas-based Bald Eagle is ready to make the most of its opportunity to help solve America’s energy woes. The company has rigs in place and is currently test drilling. Last month, Bald Eagle said an independent consulting firm assessed and confirmed the economic viability of Bald Eagle’s North Slope leases and the results appear to be encouraging.

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Bald Eagle Energy Inc. (BEEI.OB) Low Cost Oil Exploration and Production at North Slope Sites Ready to Proceed

Wednesday, August 13th, 2008

A run-up in commodity prices tends to bring out every Tom, Dick and Harry interested in getting into the game. Whether the volatility of those prices keeps them in the game or not is another thing altogether. In either event, their speculative pursuits do offer interesting opportunities for those wishing to capitalize on another’s desire to become the next Rockefeller. An investor that can find the right company with the right prospects is an investor that may find a nice tidy profit with a bit of relative risk attached.

Bald Eagle Energy Inc., an oil exploration and development company, owns lease rights to six oil prospects on over 18,000 acres of land located at and near the North Slope oil producing regions of Alaska. Lower cost production and administration are the hallmarks of the company’s business model.

The company’s lease prospects are its greatest asset. Located just south of America’s largest oil reserves (Prudhoe Bay), the company’s drill sites are surrounded by most of the world’s leading oil and gas companies. Among the company’s neighbors are: EXXON Mobile, ConocoPhillips and BP. Additionally, the company’s sites are located within practical use of the Trans Alaskan Pipeline and Dalton Highway. Although the general reserves of the Prudhoe strike are nearing an end, the company is certainly in a position to extract enough remaining reserves in and around currently working sites to be financially rewarding.

Oil drilling concerns will be hired to explore and produce oil, but with only minimal administrative costs from the company’s Houston offices. A successful investor might see this as an opportunity to invest in well positioned assets ready for production. The promising future of Bald Eagle is an interesting one that may hold substantial profits for investors.

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