About KOV
Formed in 2010 Kenai Offshore Ventures (KOV) is a new kind of company created by pulling together industry participants and capital. Uniquely positioned to take advantage of state-implemented tax incentives for operators to bring a state-of-the-art rig suited to drill in all parts of the Cook Inlet and surrounding areas. Beginning with Project Endeavour the company’s first rig is scheduled to arrive during 2011.
Partners in KOV include Buccaneer Energy and Ezion Holdings Limited.
About Project Endeavour
Project Endeavour has been named after HMS Endeavour, which was a British ship commanded by Lieutenant James Cook (later Captain Cook for whom Cook Inlet is named) on his first voyage of discovery, to Australia from 1769 to 1771.
About Buccaneer Energy
Buccaneer Energy is an upstream oil and gas company founded in 2006, is based in Sydney, Australia and operates in the U.S. through its wholly owned subsidiaries, Buccaneer Resources LLC and Buccaneer Alaska LLC. It specializes in the development and expansion of behind-pipe proved and probable reserves and low-risk exploration plays with growth potential. Buccaneer’s growth strategy is focused on the progressive expansion of oil and gas production and reserves by acquiring significant working interests in low-cost, low-risk development properties that possess a significant undeveloped upside.
The Company completed an initial public offering on the Australian Securities Exchange (ASX) in November 2007, raising AUD$20 million (US$17 million). The company’s symbol on the ASX is BCC and on the U.S. Over the Counter Exchange the symbol is BCGYF.
In early 2010, Buccaneer acquired leases in the Cook Inlet Basin of Alaska as the newest addition to Buccaneer’s core areas. Long known as an oil and gas producer, this Basin has languished for the last 15+ years as its big cousin, The North Slope, garnered most of the attention and the capital of major oil and gas producers in Alaska. Two important factors have emerged to place this productive region back into the spotlight for Buccaneer and several other small to large Independents. The first of these was the general weakness of natural gas markets in the Lower 48 States and the recognition that this Basin, although long known for its prolific gas production, also has a tremendous potential for new oil discoveries.
About Ezion
Ezion Holdings Limited (“Ezion” and together with its subsidiaries the “Group”) has 2 main business divisions that specializes in the development, ownership and chartering of strategic offshore assets and the provision of offshore marine logistics and support services to the offshore oil and gas industries.
The Group is the owner of one of the largest and most sophisticated class of Multi-Purpose Self-Propelled Jack-up Rigs (“Liftboats”) in the world and one of the first to promote the usage of Liftboats in Asia & Middle East. Ezion’s Liftboats are used mainly for well-servicing, commissioning, maintenance and decommissioning of offshore platforms. The Group has a fleet of 4 Liftboats that are expected to come into service in the current financial year.
The Group is also the owner of a fleet of 29 vessels, consisting of tugs, ballastable barges, offshore support vessel and self-propelled barge that are used in the provision of offshore marine logistics and support services to the offshore oil and gas industries. The Group’s fleet of ballastable barges, one of the largest in the region, has been specially reinforced and modified to carry the prefabricated modules in the construction of LNG extraction facilities and jackets for the offshore oil and gas industries. The Group also co-owns a Multi-Purpose Vessel to provide logistics support of equipment from America to Australia and Papua New Guinea.
The Group’s operating companies also offers a range of services to include marine consulting related to the development & construction and marine logistics solutions for marine offshore facilities.
Branch offices in Korea, The United States of America, and Australia provide logistics, supercargo, engineering and freight forwarding to complement existing operations.