Millenium Explorer - Strategic Alliance

Buccaneer has entered into a strategic alliance with Millennium Explorer, LLC. Millennium is a prospect generator which specialises in the identification of projects of a nature that is of primary interest to Buccaneer. Millennium is also instrumental in enabling Buccaneer to develop its preferred supplier network.

Millennium Explorer, LLC was founded in 1995 in Houston, Texas, USA by Clint Wainwright and Jeff Sporl. Millennium is a prospect generator which specialises in the identification of Development Projects (Type A), Re-Completion Projects (Type B) and Exploration Prospects (Type D). Millennium acts as a “primary producer” of projects for the market place and acquired the leases which host the Pompano project from the State of Texas.

Buccaneer and Millennium have executed a strategic alliance where Buccaneer has the first opportunity to review and purchase projects in Millennium’s project inventory. Millennium currently has 15 projects in its inventory and has classified 5 of these as Development and/or Re-Completion Projects (Type A & B) and 10 as Exploration Projects (Type D).

On acquisition of any projects from the Millennium inventory Buccaneer intends to offer for sale a working interest to third parties and retain both a working interest and promote interest.

 

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