BlueCrest drilling ahead

BlueCrest obtained financial assistance in the form of a $30 million loan from the Alaska Industrial Development and Export Authority as part of a cost of some $40 million to acquire and assemble the drilling rig. During its Dec. 1 meeting the AIDEA board approved some modifications to the terms of that loan, following a delay in the original planned timeframe for the drilling start, and following the deferral in the payment of state tax credits to BlueCrest.

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