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Bald
Eagle Energy, Inc. (OTCBB: BEEI)
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No matter your stance on conservation issues,
one thing we can all agree on is that oil is a precious commodity and
the world has a huge thirst for it. While we stand firmly behind
the belief that renewable energies are definitely the future, we also recognize
that we are nowhere near the point of independence from oil yet.
In the meantime… oil is likely headed higher.
Some oil stocks have been completely discarded
by investors, but there comes a point when we have to step back and look
at the REAL VALUE out there for some of these overlooked or under-followed
companies.
So, while America’s dependence on foreign oil
may have fallen slightly it clearly has not disappeared. Neither has the
call for increased domestic exploration and production to increase our
independence—which is why today's featured company, Bald Eagle Energy,
Inc. (OTCBB: BEEI) is committed to exploring the vast energy resources
found in Alaska.
According to LAPP
Resources, Inc. Geological Report, “the (North Slope) basin is
highly productive, and (Bald Eagle) leases are very close to the largest
oilfield in North America, the Prudhoe Bay field. This indicates that the
area is very prospective for further conventional oil and gas discoveries.”
And Arctic Power D.C. Coordinator Roger Herrera
adds “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.”
Please read on to find out more
about this exciting company.
Working Toward American
Energy Independence
| Bald Eagle Energy Inc. (OTCBB: BEEI) was formed in response
to America's oil crisis with the purpose of working toward American
energy independence.
Bald Eagle Energy's business model stresses reduced capital expenditures
through a minimized team of experienced management, retaining the consulting
services of industry experts only when needed, and utilizing third party
drilling companies to limit equipment and operating expenses. Bald
Eagle maintains that America can do better than producing 5.1 million barrels
of oil per day (MMBOPD) while consuming 20.7 MMBOPD for a daily petroleum
shortfall of 15.6 million barrels.
That is why Bald Eagle is committed to decreasing our nation's petroleum
shortfall -- and dependence on foreign oil -- through the vast energy resources
found in Alaska. |
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Bald Eagle Energy: Working Toward American Energy Independence |
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Alaska: America's Last Energy
Frontier
Last year, Bald Eagle acquired a 100% working interest on 6
large separate leases -- all of them on Alaska's oil-rich North Slope --
America's largest and most important oil resource. 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
U.S., the region has a low exploration-drilling density and is under-explored.
According to a LAPP Resources,
Inc. April 2008 geological report, the value of the oil Bald Eagle
is sitting on (18,418 acres of prime oil property) could collectively represent
up to 90 million barrels of recoverable oil.
At today's price per barrel of
crude oil ($42 per barrel), Bald Eagle could be sitting on $3.8 billion
of oil assets -- that equates to $52.00 in oil assets for every share of
Bald Eagle Energy -- about 650% greater than BEEI's current share price.
Bald Eagle's CEO Andrew S. Harper has spent nearly three decades in the
oil industry including 17 years in management at ARCO. You don't get to
call the shots at a multi-billion dollar company without knowing a thing
or two. Bald Eagle's 18,418 acres of prime Alaska oil property in the
North Slope Basin is surrounded by energy titans BP, ExxonMobil, Chevron
and ConocoPhilips and in close proximity to the Trans Alaskan Pipeline
and the All-Weather Dalton Highway. This should allow Bald Eagle to
more expeditiously develop its six properties. Although the LAPP Resources
report did not evaluate the likelihood of any potential natural gas resources,
the Bald Eagle acreage is also close to Alaska's proposed natural gas pipeline.
View a video on the U.S. Energy
Crisis and Bald Eagle HERE
The U.S. Crude Oil Shortfall
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.
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Recent News From BEEI |
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Press Release
Source: Bald Eagle
Energy Inc.
Tuesday November
11, 10:29 am ET
Bald Eagle Energy Announces New
Chief Executive Officer
DALLAS--(BUSINESS
WIRE)--Bald Eagle Energy Inc. (OTCBB:BEEI - News) (hereafter “Bald Eagle”) is pleased to announce that it has named Andrew
S. Harper Chief Executive Officer (CEO). Effective September 15, 2008,
Mr. Harper has replaced acting CEO Alvaro Vollmers who remains as Bald
Eagle's Chief Financial Officer (CFO). Andrew Harper brings nearly 30 years
of international oil and gas exploration and development experience, including
21 years with the major oil company ARCO and 17 years in managerial positions.
Alvaro Vollmers, Bald
Eagle's Chief Financial Officer (CFO), states: “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.”
Through Mr. Harper's
career his responsibilities have included supervising new ventures evaluations
including license rounds, farmouts and regional studies; 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 including budgets and operations, as well as commercial
and government relations aspects.
Mr. Harper's most recent
position was President, International Division and Chief Geologist for
China-based MI Energy Corporation (MIE). As MIE’s Chief Geologist Mr. Harper
managed geoscience aspects of extension and development activities in four
onshore oil fields in China (Production Sharing Contracts). During his
tenure, production increased from 400 to 13,000 barrels of oil per day,
while he oversaw activities including the drilling of more than 600 wells
along with various geological studies, reserves evaluations, and the supervision
of 3-D seismic interpretations.
Andrew's 21 years with
ARCO began in 1979 under the company's New Geologist Training Program before
ascending to a Senior Geologist positions at ARCO Stavanger, Norway and
later in London, England and Indonesia. ARCO would utilize his services
internationally through the positions of Basin Studies Director, Exploration
Director, Resident Manager, and Exploration Manager in various international
locations.
Andrew Harper, Bald Eagle's
new Chief Executive Officer (CEO), states: “I am honoured 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.”
Shareholders and interested
parties are invited to visit the company’s website at www.baldeagleoil.com
or contact corporate communications toll free at (888) 254-2262 for further
information. MORE
Business
Wire 2008
2008-08-18
18:38:06
Bald Eagle
Energy Receives Petroleum Geologist's Report on Alaskan Projects
Bald
Eagle Energy Inc. (OTCBB:BEEI) (hereafter "Bald Eagle") is pleased to announce that it has received positive
feedback in a new third-party petroleum geologist's report completed on
May 12, 2008 by LAPP Resources Inc. Authored by LAPP President, David W.
Lappi, the report assessed Bald Eagle's six Alaskan North Slope leases
totaling 18,418 acres 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. Analyzing
three discounted cash flow net present value of development economics,
using a present-day dollar value of $80/barrel, Lappi stated, "I have used
the high case (90 MMBO), a mid case (30 MMBO), and a low case (5 MMBO).
The NPV analysis confirms that in all cases, the hypothetical discovery
is economic using the assumptions listed."
Also
mentioned in the report was the favourable proximity of Bald Eagle's leases
to the Dalton Highway and to the Trans Alaska Pipeline, making the development
possibilities clear. The export of oil is aided by the Trans Alaska Pipeline,
while natural gas liquid production is still a work in progress. A development
proposal for gas liquids production is pending State approval, with gas
production awaiting the eventual construction of a natural gas export pipeline.
The state of Alaska is currently negotiating terms of a gas-pipeline construction
deal with Conoco-Phillips, BP and Trans Canada. The report states that
Alaska's development plan for a new large-diameter gas pipeline for the
sale of North Slope gas through Canada and to the Lower-48 markets is set
to run along the Alaska Highway. Bald Eagle's proximity to this new pipeline
upon its approval and further development could prove to be beneficial.
The report also infers: "In addition, the potential revenue from gas sales
could be approaching the point where it will be higher than the increased
revenue gained from increased oil production due to gas re-injection into
oil reservoirs. Governor (Sarah) Palin and the State Legislature are considering
a variety of fiscal and regulatory measures that would help make the gas
line a reality."
Alvaro
Vollmers, Bald Eagle's Chief Financial Officer (CFO), responded to the
report, stating: "We are pleased to have received a report that can more
clearly estimate the potential of our properties in Alaska's North Slope
region. It's very encouraging for us to see that we've been given a 90
million barrel potential to strive for, while being reassured that even
with a low estimate of 5 million barrels our program will remain economical
at a conservative price point for oil of $80 per barrel. We are pleased
with our positioning in the region due to the potential it has for production,
and the proximity to important infrastructure." MORE
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Management at Bald Eagle Energy, Inc. |
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Andrew S. Harper -Chief Executive
Officer
Mr. Harper has served as a member
of our Board of Directors since September 15, 2008. Prior to joining
the Company, Mr. Harper was President, International Division and Chief
Geologist of China-based MI Energy Corporation ("MIE"). From 1979
until his employment with MIE in 2001, Mr. Harper held various positions
with ARCO (1979-2000), and acted as an independent consultant (2000-2001)
advising clients on geological aspects of petroleum exploration and development
projects. Mr. Harper obtained his Bachelor of Arts (Cum Laude, with
highest honors) from Williams College, Williamstown, Massachusetts, and
his Master of Science in Geological Sciences from the University of Southern
California, Los Angeles, California. Additionally, he is certified
by the Texas Board of Professional Geoscientists and the American Association
of Petroleum Geologists.
Alvaro Vollmers - Chief Financial
Officer
Mr. Vollmers is an investor in the
Company who agreed to become a part-time consultant for the Company and
serve as our Chief Financial Officer, Secretary and Treasurer beginning
on March 12, 2008. In addition from March 12, 2008 to September 15,
2008, Mr. Vollmers served as our Chief Executive Officer and President.
Mr. Vollmers has served as a member of our Board of Directors since April
1, 2008. Mr. Vollmers holds a Master of Business Administration degree
from the London Business School. From July 2003 to July 2004, Mr.
Vollmers was an independent consultant for a small beverages producer.
Between August 2004 and July 2006, Mr. Vollmers worked as a project management
consultant, project manager and project management supervisor at the Ministry
of Economy and Finance for the Republic of Peru. His tasks included
the supervision of two project managers who were in charge of the financial
and operation management of various multi-sector technical assistance projects.
These projects were partially financed by the World Bank, the Inter-American
Development Bank and the Japan Social Development Fund. From July
2006 to July 2007, Mr. Vollmers served as manager in charge of marine and
aviation insurance at Pacifico Seguros.
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Bald Eagle Energy's Strategy |
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BEEI’s business model
is simple:
- Reduce capital expenditures through a minimized team of experienced management,
- Retain the consulting services of industry experts only when needed
- Utilize third party drilling companies to limit equipment and operating
expenses.
In addition, BEEI’s
overall strategy is to:
- Fully exploit existing production and infrastructure assets by maintaining
a balance between lower risk/moderate return and higher risk/high return
opportunities;
- Identify and acquire superior product assets that will generate revenue
streams to invest in future growth opportunities;
- Focus on historical areas to increase the chance of discovery and to enhance
the speed of development discoveries;
- Achieve operational, technical, commercial and environmental excellence
in its activities;
- Partner with proven oil and gas operators who employ cutting edge technologies
and demonstrate competitive advantage;
- Manage risk in high equity exploration and production permits and increase
economic viability;
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Financial Highlights |
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Market Data
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01-23-2009
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| Symbol |
BEEI |
| Exchange |
OTC BB |
| Recent Price |
$0.19 |
| Outstanding Shares |
72,960,267 as of Jan 13, 2009 |
| Market Cap. |
$13.86 as of Jan 23, 2009 |
| Average 3mo Volume |
59,311 as of Jan 23, 2009 |
| 52 week Hi / Low |
$0.10 - $1.30 |
| Source: |
Yahoo Finance |
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Company
Contacts |
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21 Waterway Avenue,
The Woodlands, Texas 77380
(281) 362-2821
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