"Jim worked for years at ARCO, and he is a great addition to our oil exploration efforts and growth on the North Slope," said Ken Thompson, managing director of Alaska Venture Capital Group, Brooks Range's parent company. "He is well-known and respected in the Alaska oil patch."
Brooks Range Petroleum is a subsidiary of the Alaska Venture Capital Group (AVCG), which currently owns 173,820 acres of oil and gas leases on the North Slope. AVCG/BRPC's exploration program planned for the balance of the 2006-2007 North Slope exploration season includes purchase of 3D seismic and shooting of new 3D seismic. In addition, more leases will be acquired and tentative plans are to drill two exploration tests this coming winter. Recently, AVCG LLC announced North Slope joint venture funding and partnership arrangements with TG World Energy, a public company headquartered in Calgary, and Ramshorn Investment, Inc., a Houston-based subsidiary of Nabors Drilling USA.
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