Buccaneer Energy is pleased to announce the promotion of Mr. Andy Rike to Executive Vice President of Operations for Buccaneer Resources and Buccaneer Alaska. Mr. Rike has been with Buccaneer since June of 2008 as manager of operations. In his new position he will be responsible for all of Buccaneer’s field operations in the lower 48 as well as Buccaneer Alaska operations for both onshore and offshore activities in Alaska.

Andy Rike Promoted to Vice President of Operations for Buccaneer Energy, 2/2010 (Photo: Business Wire)

Mr. Rike was formerly with Gulf Oil, Chevron and Schulmberger. For the last 31 years he has worked extensively both onshore and offshore. He has tackled assignments in the Cook Inlet, France, Dubai, Saudi Arabia, the Rocky Mountains, Texas, Louisiana, South America and the Eastern US. He has a Petroleum Engineering degree from Louisiana Tech University.

Buccaneer sees his extensive experience in both conventional and non-conventional drilling operations as a major advantage in its push into the Alaskan market. “Andy has proven through his work history and his time with Buccaneer that he knows what needs to be done to be successful in this business. He is extremely good at bringing the right equipment to the table to create cost effective solutions to challenging problems,” said Curtis Burton, CEO and MD of Buccaneer.

About Buccaneer Energy Limited

Buccaneer Energy Limited (ASX:BCC and US:BCGYF) is an E&P company based in Australia focused on combining the right people with right assets to allow for the progressive expansion of Oil and Gas production and reserves by acquiring significant working interests in low-cost, low-risk, development properties that possess significant undeveloped upside potential.

Buccaneer Resources is a wholly owned subsidiary of Buccaneer Energy based in Houston, Texas focused on developing both on shore and off shore projects in the Gulf of Mexico and surrounding area.

Buccaneer Alaska is a wholly owned subsidiary of Buccaneer Energy, which focuses on the Cook Inlet of Alaska and the surrounding region.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6617171&lang=en

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