Polar Petroleum to license Alaska North Slope data from Fugro

5/23/2013

Polar Petroleum to license Alaska North Slope data from Fugro

ANCHORAGE -- Polar Petroleum has signed an agreement with Fugro Gravity and Magnetic Services (part of the Fugro group) to license magnetic data and receive interpretation services for Polar's Hemi Springs Project and Franklin Bluffs Project on Alaska's North Slope.

Fugro’s database includes roughly 14 million line km of aeromagnetic data, and 2 million stations of land gravity data worldwide. Polar Petroleum will license only that data that is of specific relevance to the company's two North Slope projects.

Polar Petroleum will use the magnetic data and interpretation provided by Fugro as tools for general planning and project analysis.

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