Las Vegas, NV -- (SBWIRE) -- 04/30/2013 -- Polar Petroleum Corp (OTC:POLR) has recently released the updates on the company’s Hemi springs project and surrounding Alaskan North Slope region. According to the recent study released by the Polar Petroleum Corp there are reserves of about 260 million barrels of oil at Hemi springs project.
The study has been released by consulting Geologists at Gross Geological Services David T Gross and Donald W. Brizzolara with the title “Geologic Study and Initial Evaluation of the Potential Petroleum Reserves of the Hemi Springs Project, North Slope, Alaska”.
According to research there is good number of hydrocarbon reserves in the area. The Geologists believe that the area resembles Prudhoe Bay Field and the Kuparuk River Field that are among North America’s largest oil and gas accumulation sites.
Due to great location of the Hemi Spring project, the researchers are optimistic that the site will be having great potential.
To find out what OTCMAGIC projects for Polar Petroleum Corp for both short term and long term please click here: POLR
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