Loading
Burbank is offering qualified investors access to one of Alaska’s most significant oil exploration opportunities through our participation in the West Harrison Bay Project. Located in Alaska’s prolific North Slope between two recent major discoveries, the Willow and Pikka fields, this project encompasses more than 110,000 acres with estimated recoverable resources of over 1.4 billion barrels in the primary target formation. Our investment vehicle will participate in the $150 million drilling carry to fund near-term exploration activities, providing investors direct working interest ownership in this promising development. The project combines proven geology, existing infrastructure access, and an experienced operating team, creating an attractive risk-adjusted opportunity in one of North America’s premier oil basins.
o Significant Resource Potential: 1.424 billion barrels of recoverable oil estimated in the primary Nanushuk Formation, with additional upside of up to 1 billion barrels in the Torok Formation
o Premium Location: Strategically positioned between two major recent discoveries on Alaska state lands, with direct access to existing infrastructure including the Trans-Alaska Pipeline System
o Clear Development Path: Two-rig exploration program scheduled for 2025-2026 winter season, using proven drilling techniques in shallow water environment
o Attractive Structure: $150 million drilling carry providing direct working interest ownership, governed by standard Joint Operating Agreement
o Proven Geology: Located in established hydrocarbon basin with 80%+ exploration success rate since 2013, confirmed by extensive seismic data and well analysis
o Experienced Operation Team: Project operated by seasoned Arctic professionals with decades of regional experience and strong local relationships
o Supportive Environment: Located on state lands with established regulatory framework and strong community support
o Compelling Economics: Multiple development scenarios modeled showing robust returns across various price environments, based on conservative assumptions
o Significant Value Creation Potential: Early-stage entry point with clear catalysts and multiple paths to value realization