Beaufort Sea Prospect Overview
Apex owns 3.745% in the ITIYOK I-27 Significant Discovery Lease in the Beaufort Sea.
On June 9, 1997, the Company purchased a 3.745% working interest in the Beaufort Sea
well Esso Pex Home, et. al. Itiyok I-27, consisting of 640 acres, located at Latitude
70-00', Longitude 134-00', Sections 7, 8, 17, 18, 27, 28 and 37. License No. 55,
dated April 22, 1987. During 1982 and 1983 a consortium of companies participated
in drilling, casing and testing the area to a depth of 12,980 feet. A review of
the well data and geological prognosis indicates that the area would contain proven
recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976
MSTB. Below is a table of our partners and their ownership percentages in this project.
View Larger Map
Below is a list of some key links for more information on this project