Bureau of Land Management to Sell Oil Leases in National Petroleum Reserve of Alaska

Posted by Louis Navellier on 7/28/08 12:47 pm

The BLM will sell oil leases for more than 2.6 million acres in the NPR-A this October.  The NPR-A is estimated to hold about 8.4 billion barrels of recoverable crude oil. As a result, I am starting to build a position in a stock I think will win some of these leases, but I can’t mention the name because it’s not a top-10 holding in one of my portfolios (SEC rule).  However, you can read more about this lease sale and look at some of the oil companies that are already active in the reserve by visiting this article.

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