Mustang Field - Development Plan Milestones


Mustang # 1 Well successfully drilled
Completed Q2 2012
Plan of Operations Approved March 2013
Plan of Development Approved November 2013
Mustang Road and Production Pad Completed May 2013
Mustang Ops Centre (“MOC”) Engineering Design Commenced Q3 2014
Drill 3 x Mustang Wells Commenced Q1 2015
MOC Facility Construction Commenced Q1 2015
Commissioning Commence Q4 2015
First Oil Q2 2016


Project Partners

Working Interest Owners

Thyssen Petroleum

  • 23.6% working interest
  • Privately owned by Thyssen Family
  • Houston-based E & P company with operations on the US Gulf Coast

Magnum Energy Partners

  • 7.3% working interest
  • New York based energy investment manager
Nabors
  • 6.1% working interest
  • NYSE listed - large global rig contractor with operations on North Slope

 

Mustang Operations Centre - Financing Providers

Charisma Energy Services

  • Singapore-based energy investment holding company
  • Provides mechanical and electrical engineering services
AIDEA
  • Created by State of Alaska Legislature in 1967 to promote economic development in the state
  • AIDEA funded $31m to build existing all-weather road and production pad