Polar Petroleum Corporation (POLR)

Overview

Polar Petroleum Corp. is an exploration stage company deemed active in the sector of oil and natural gas exploration, development, and production within the United States. Originally established as Post Data, Inc., the company underwent a rebranding to Polar Petroleum Corp. in November 2012. Founded in 2011 and stationed in Anchorage, Alaska, it has carved out a niche for itself in the energy industry, primarily focusing its operations in the North Slope region of Alaska. The company’s portfolio includes interests in 29 oil and gas land leases, collectively spanning over approximately 66,061 acres, positioning it as a notable player in the exploration and potential development of these critical energy resources.

Products and Services

Polar Petroleum Corp. delivers a streamlined focus on the exploration and potentially the development and production phases within the oil and gas sector. Its services can be categorized broadly as below:

• Exploration Services: At its core, Polar Petroleum specializes in the exploration stage of the oil and natural gas industry. This involves geological surveys, data analysis, and drilling exploratory wells in the company's leased areas within the North Slope region of Alaska. Exploration is a critical first step in identifying viable sources of oil and natural gas that can be further developed and eventually produced.
• Development and Production: Following successful exploration, Polar Petroleum Corp. has the capability to move into the development and production stages. Though primarily in the exploration phase, the transition to development entails planning and executing the establishment of the infrastructure necessary to extract, treat, and transport oil and gas. Production would mark the phase where extracted oil and gas are finally prepared for sale to the marketplace, tapping into the vast energy resources located in the North Slope region.