Recent News Stories

A man who Homer Police says is responsible for robbing the Grog Shop at gunpoint Sunday night has been caught. Police believe 50-year-old John Allen Mumey may have had a homemade bomb in his possession during the crime.

Since Buccaneer Energy arrived on the scene in Alaska in the summer of 2011, it has seen a few victories and a host of unexpected problems. Thanks to incentives  and investment of taxpayer dollars, the company had big plans for Alaska.

The Board of Directors for Buccaneer Energy has a new look again, just weeks after an attempt to overtake the board by two Singapore-based investment companies was only partially successful. In a press release, the company announced three of the six board members resigned.

At least one condominium owner has filed suit against the City of Homer for the way it has assessed condos as part of the Homer Special Assessment District. Ken Castner is part owner of the Kachemak Bay Title building and says his condo will be assessed six different times. 

Membership for the task force charged with finding new ways to manage salmon fisheries in Upper Cook Inlet has been released. The 11-member group includes several representatives from the Kenai Peninsula.

Residents out East End Road near Homer may have noticed several very large pieces of equipment being trucked down the road a couple of weeks ago. When they are put back together again, those pieces form the Glacier drilling rig.

Construction crews are making progress on the natural gas trunk line and distribution systems for Homer and Kachemak City. According to Enstar Natural Gas Company, work is still underway along the Old Sterling Highway and Fairview Avenue. 

 

 

Buccaneer Energy now has more financial resources to conduct its oil and gas operations in Alaska. In a news release, the company announced new agreements with Chicago-based Victory Park Capital for $100 million in new capital funding.

Pages