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Alaska and Ramshorn
By Stephen Mueller on 2010-03-12 15:34:23
Two years ago three companies ventured together in an oil drilling exploration. But unfortunately in today's time, the company TG World Energy Corp. from Calgary, Canada has dropped form the exploration. It says that only water is being found at this time, and that it just can't stay on the project.
So leaving only the other two companies. One which is local from Alaska, called Alaska Venture Capital Group out of Anchorage, and the other Ramshorn Investments being from Houston, Texas. These two companies have decided to stick it out and see what becomes of the drilling exploration.
They are focusing on the other two well sites which are only a few miles north of the Prudhoe Bay Field. One well is producing 1100 barrels of oil, but with 97 percent of water.
So leaving only the other two companies. One which is local from Alaska, called Alaska Venture Capital Group out of Anchorage, and the other Ramshorn Investments being from Houston, Texas. These two companies have decided to stick it out and see what becomes of the drilling exploration.
They are focusing on the other two well sites which are only a few miles north of the Prudhoe Bay Field. One well is producing 1100 barrels of oil, but with 97 percent of water.
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