Bald Eagle Energy (BEEI) is an exploration stage mining company focused on the acquisition and exploration of mineral resource properties in Canada. The company primarily acquires and explores copper, gold and silver properties. Bald Eagle Energy is also, and possibly more noteworthy to potential investors, engaged in oil exploration. The company is set to develop six new leases on Alaska’s oil-rich North Slope. Bald Eagle’s lease area on the North Slope is estimated to contain about 90 million barrels of crude oil and is one of the North Slope’s least explored areas. Bald Eagle’s leases occupy about 18,000 acres on the North Slope.

What could work in Bald Eagle’s favor is that its area of exploration on the North Slope is relatively small compared to what major oil firms such as ExxonMobil, Occidental Petroleum and Royal Dutch Shell typically look for. Bald Eagle isn’t fighting for leases with these far larger players on the North Slope. The North Slope is one of America’s most oil-rich areas. Prudhoe Bay is estimated to have 15 billion barrels of crude oil and the Kuparuk River Field has 3.6 billion barrels of crude. None of these estimates include the controversial ANWR region.

Even as the price of oil has declined recently, demand hasn’t diminished. In fact, by some estimates, another 37.5 million barrels per day will be needed by 2015. Texas-based Bald Eagle is ready to make the most of its opportunity to help solve America’s energy woes. The company has rigs in place and is currently test drilling. Last month, Bald Eagle said an independent consulting firm assessed and confirmed the economic viability of Bald Eagle’s North Slope leases and the results appear to be encouraging.

Bald Eagle shares closed at $1.01 on Tuesday and have traded between 96 cents and $1.30 over the past 52 weeks. The company has a market capitalization of $72.7 million. Bald Eagle was founded in 2005 and was formerly known as Columbus Ventures Inc. Alvaro Vollmers is president and chief executive officer.

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