In-place Infrastructure
- 4.3 miles all-weather road with access to the Mustang development pad
- The All-weather development pad covers 19 acres and is just 250 metres from the Alpine common carrier pipeline
- Infrastructure in place allows for year round operations
- The Mustang production facility will be located on the development pad
- All output from the Mustang field can be handled from the existing development pad
- Approximately USD$31m has been invested to complete the development pad and the all-weather road
- Since November 2013, the pad has generated approximately USD$3.9m of lease income from other North Slope operators utilizing the pad
Mustang Operations Centre ("MOC")
Converts Major Capex To Opex
- Total cost ~$225 million
- Alaskan Industrial Development & Export Authority ("AIDEA") to invest $50 million
- Remainder debt finance by Charisma Energy
- Operated by Brooks Range Petroleum Company ("BRPC")
- Lease payments by working interest owners over 7 years from production