Bald Eagle Energy Inc. (BEEI.OB), based out of Houston, is an oil and gas exploration company specifically formed to address America’s independence on foreign resources. While domestic energy companies produce 5.1 million barrels of oil per day (MMBOPD), US consumers use 20.7 MMBOPD. The current 15.6 million barrel shortfall is the gap that Bald Eagle is committed to reducing by tapping into the energy resources found in Alaska.

The North Slope Basin is known for its abundance of hydrocarbon with an estimated 27 billion barrels of discovered recoverable oil (BBO) and 52 trillion cubic feet of recoverable natural gas (TCFG). Compared to other parts of the US, the region has a low exploration-drilling density and is under-explored.

Bald Eagle entered into an agreement on April 18, 2008 to acquire a 100% working interest in six separate leases located on the Alaska North Slope.

Western Standard Energy (WSEG) is an exploration-stage oil firm focused on extracting crude oil and natural gas from the Bakken Formation that runs through Montana, North Dakota and Canada. The area is believed to hold some of the largest reserves of crude oil in the North America, after Alaska’s Prudhoe Bay and the oilfields of West Texas. In fact, it is speculated that there are potentially 503 billion barrels of oil on 25,000 square miles of the Bakken Formation. That amount surpasses Saudi Arabia’s reserves by five times and is believed to be over 200 times the total known reserves in the U.S.

Western Standard is currently engaged in a natural gas project in Montana and an oil project in North Dakota. The combined value of the two projects is estimated to be almost $2.9 billion. In North Dakota, the company has seven prospects in an area known as the Lodgepole

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