Buccaneer Energy CEO to Present Keynote Address at the Oil Council’s Energy Capital Assembly Americas

Buccaneer Energy (ASX:BCC), an independent energy exploration and production company, today announced that its CEO, Curtis Burton, will deliver a special keynote address on natural gas exploration and production activities in Alaska, at the Oil Council’s Energy Capital Assembly Americas.

The conference will be held October 5-6 in New York City, and is a two-day strategic conference coupled with the Oil Council’s annual awards dinner. The program features more than 300 world renowned energy, finance and investment leaders discussing critical issues such as access to finance, risk management, industry partnerships, strategic capital expenditure deployment and geopolitical change in depth, and debate the future of the global oil & gas community.

“It’s an honor to deliver a keynote address on natural gas exploration and production in Alaska at the Oil Council’s Energy Capital Assembly Americas,” said Curtis Burton, CEO of Buccaneer Energy. “I look forward to robust and engaging discussions with the industry’s foremost thought leaders throughout the proceedings, and to expressing Buccaneer’s views on the evolving landscape of the oil & gas industry.”

Through its wholly owned subsidiaries, Buccaneer Resources and Buccaneer Alaska, Buccaneer is focused on acquiring significant working interests in undervalued, low-risk development properties that possess significant undeveloped upside potential. The Company places a premium on bringing both regional and local expertise to each opportunity, and as a result its opportunistic approach to finding hydrocarbons is not limited by geographic considerations.

Mr. Burton continued, “The Alaskan market is singularly unique in that it is not only one of the last major known basins containing oil and natural gas in the United States, but also because of the State’s incentives which encourage independent companies to explore and develop energy resources for the State. Buccaneer Energy is pleased to be on the forefront of this movement and sees great opportunity ahead in the region.”

Buccaneer entered the Cook Inlet of Alaska in early 2010 and has made significant progress adding nearly 51 BCF of natural gas reserves through its onshore Kenai Loop development. Through a partnership with AIDEA and Ezion, Buccaneer has arranged to bring a LeTourneau Class 116 drilling rig to the inlet in 2012. Buccaneer has executed a sales agreement to sell natural gas in the market with a floor of $6.24, a significant premium over natural gas prices in the lower 48.

About Buccaneer

Buccaneer Energy Limited (ASX: BCC) is an energy exploration and production company. Through its wholly owned subsidiaries, Buccaneer Resources and Buccaneer Alaska, the U.S. headquartered independent is focused on acquiring significant working interests in undervalued, low-risk development properties that possess significant undeveloped upside potential. The Company places a premium on bringing both regional and local expertise to each opportunity, and as a result, its opportunistic approach to finding hydrocarbons is not limited by geographic considerations.

Buccaneer Resources is focused on the Gulf of Mexico, onshore opportunities in the lower 48 and certain international opportunities around the world. Under Buccaneer Resources, the Company operates its Pompano field and Lee County producing assets. Buccaneer Alaska focuses on developing opportunities in the Cook Inlet of Alaska that includes the Kenai onshore project and other offshore opportunities.