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Welcome to Arctic Oil & Gas Corp. "AOAG.PK" .
Arctic Oil & Gas Corp. (Pink Sheets: AOAG) is an oil exploration venture company that has filed for the exclusive exploitation, development, marketing and extraction rights to the oil and gas resources of the seafloor and subsurface contained within the “Arctic Claims.”
An Exclusive Rights Claim to the Hydrocarbon Resources of the Arctic Oceans Commons was formally lodged by the Company and its partners with the United Nations and the five Arctic countries on May 9th 2006.
The Company intends to operate as the ”lead manager“ tasked to create a multinational joint venture consortium of major oil companies, whose technology and managerial expertise will be vital to recovering the oil and gas from the harsh, deep waters of the Arctic in an environmentally safe manner.
The last giant oil frontier on Earth is in the arctic. The Arctic Ocean Abyssal floor is increasingly believed to hold vast reserves of untapped oil and natural gas, which is expected to become accessible as new deep-sea drilling and hydrocarbons production technology has become available.
A preliminary assessment by the US Geological Survey (USGS) suggests the Arctic seabed may hold as much as 25 per cent of the world’s undiscovered oil and natural gas reserves. And competition to claim parts of the Arctic seabed is likely to intensify as Arctic energy reserves become more accessible and the price for oil rises. The region could be ice-free in the month of September as early as 2040, according to a 2006 study sponsored by the US National Science Foundation and NASA.
And the world press has suggested that the Arctic Commons area may hold enough hydrocarbon resources to eventually overtake Saudi Arabia to become the "Swing Producer" for the US.
Within an area approximately ten times larger than Iraq, recent scientific drilling and seismic found something to gladden the heart of any oilman: New indications are that oil source rocks containing large percentages of organic rich sediments cover the entire Arctic Ocean seafloor, which was once one great fresh water matted Azolla-rich pond, capturing untold billions of tons of organic sediments.
THE COMPANY HAS A STRONG PRIOR LEGAL CLAIM TO THE ARCTIC COMMONS OIL AND GAS
The Arctic Oil and Gas Corp., and its Consortium partners have a viable, politically, environmentally and commercially sound solution for easing the global energy emergency by careful shared development of the Arctic oil and Gas resources contained in the Arctic Ocean Commons area.
Major independent oil companies have access to a strong prior claim to the Arctic Commons hydrocarbons through the US public company Arctic Oil and Gas Corp., and its partners, including the private company United Oil and Gas Consortium Management Corp., which made a solid international Arctic Commons hydrocarbons claim on May 9th 2006. Thus, Arctic Oil and Gas and partners prior claim to the Arctic Commons hydrocarbons has priority under customary international laws of discovery.
The Company has a viable politically, environmentally and commercially sound solution for easing the global energy emergency by careful shared development of the Arctic oil and Gas resources contained in the Arctic Ocean Commons area.
Because of the extreme operating environment and delicate ecology it would be preferable for one overarching strong commercially responsible, globally represented organization to manage and develop the Arctic resources. This will eliminate the often illogical and sometimes dangerous compromises due to artificially prescribed national boundaries, lack of capital and expertise of governments and individual companies and-or narrow politically motivated restrictions.
”Experts say after 2016, oil production will drop tremendously,“ said Anatoly Opekunov, deputy director of Russia’s Research Institute for Ocean Geology and Mineral Resources. ”Every country, including Russia and the US, is thinking about this.“
The biggest energy prize today is still Oil and increasingly Gas -- especially the world's largest still untapped and undeveloped reserves, of which the Arctic Ocean's Commons region represents probably the biggest prize ever to be potentially made available to the world's independent oil and gas companies. |
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News
Arctic Oil & Gas Energy Industry Consultant to Meet With Alternative Energy Specialists Apr 03, 2008 06:00 ET Apr 02, 2008 06:00 ET
Arctic Oil & Gas Initiates Major Funding Process Using International Investment Bankers Mar 31, 2008 06:00 ET Arctic Oil & Gas Will Invite Top Climatologist to Join Advisory Board Mar 28, 2008 06:00 ET Arctic Oil & Gas Corporation Comments on Oil and Gas Potentials Mar 27, 2008 06:00 ET Arctic Oil & Gas Corp. Outlines Plans for Short Term Mar 26, 2008 06:00 ET Arctic Oil & Gas Corp. Begins Courting Major Oil Companies Mar 25, 2008 06:00 ET Arctic Oil & Gas Expects to Use New-Generation Multi-Purpose Combined Platform-Drillships Mar 24, 2008 06:00 ET
Vast oil potential in Arctic, new data says (CanWest News) Thursday, March 20, 2008
Arctic Oil & Gas Expert Confirms Enormous Reserve Potential Based on Geoscientific Evidence Mar 20, 2008 06:00 ET
Arctic Oil & Gas to Combine Electromagnetic and Seismic Data to Locate Arctic Hydrocarbons Mar 19, 2008 06:00 ET
Mar 18, 2008 11:12 ET
Arctic Oil & Gas to Hire Experts to Perform EM and Seismic Studies of Arctic Commons Mar 17, 2008 05:00 ET
Arctic Oil & Gas Appoints Acclaimed Paleontologist, Dr. Jonathan Bujak, to Advisory Board Mar 13, 2008 06:00 ET
Mar 12, 2008 06:00 ET
Arctic Oil & Gas Creates Environmental Advisory Board for Arctic Commons Prospect Mar 11, 2008 06:00 ET
Mar 07, 2008 10:19 ET
Arctic Oil and Gas Estimates Commons Reserves Capable of Producing 25% of U.S. Oil Demands Mar 05, 2008 09:08 ET
Arctic Oil and Gas Reserves Expected to One Day Exceed Alaska's Prudhoe Bay Feb 19, 2008 06:30 ET
Arctic Oil & Gas Provides Update on the Resource Potential in the Arctic Commons Feb 07, 2008 06:00 ET
Arctic Oil & Gas Corp. Appoints the Honorable Edward M. Lawson to Board of Directors Feb 05, 2008 06:00 ET
Arctic Oil & Gas Provides Update on Claim to Arctic Petro Resources Jan 29, 2008 11:10 ET
Jan 22, 2008 09:57 ET | |
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This Website may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, risks associated with oil & gas exploration, risks of governmental legislation and regulation, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition. This Website and the contents herein is not intended to be and is not an advertisement for any securities of the company. Copyrighted Arctic Oil & Gas Corp.. 2008 |
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