About Blue Sky

Executive Summary

Blue Sky commenced its operations in 2007 by acquiring oil and gas properties in the Gulf of Mexico (GOM) from ConocoPhillips for $50 million. These properties included operations of Green Canyon Blocks 52, 53, and 184, and deep water oil fields. Blue Sky produced via a Tension Leg Platform at 580 meters water depth and fixed platforms at 185 meters water depth – a record for fixed platform installations. These properties also included operations of a production pipeline to the commercial sales point.

Blue Sky is proud to have had major companies such as Chevron, Apache, and Shell support our operations by participating as our non-operating partners in these ventures.

Blue Sky sold most of its GOM assets in 2010, at which time it acquired a noncommercial oil and gas field 150 kilometers from the shore in Langsa, Indonesia. To make the field economical, Blue Sky purchased an FPSO for $12 Million and transformed the field to profitability within one year. When production declined in 2014, Blue Sky designed and implemented a Work Over program on existing wells, boosting production from 300 bopd to 2500 bopd, thus making the operation profitable even as oil prices plummeted. Langsa was among the rare oil and gas operations which could thrive at $30/bbl.

Blue Sky’s senior personnel possess an average of over 30 years of experience in the oil and gas industry. We have selectively assembled a management team with distinctive experience at the forefront of our industry. Our team has worked for and with a wide variety of industry heavyweights, including the majors. Additionally, Blue Sky shareholders have successfully consummated transactions and jointly operated assets with companies such as ExxonMobil, Chevron, Apache, ConocoPhillips, Shell, Texaco, and Amoco.

Blue Sky is actively negotiating to acquire oil and gas assets where it can replicate and expand upon the Langsa Model to maximize hydrocarbon and monetary returns.

Blue Sky aims to reward our stakeholders and shareholders by combining our experience and technical expertise with appropriate funding in order to generate profits from oil and gas fields in challenging environments, or otherwise uneconomical projects.

Well and Platform in Blue Sky's Brazos 400 Block