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Inlet oil rig plans change: Buccaneer drops tax-exempt financing plan for jack-up rig

Buccaneer Alaska LLC, a subsidiary of Buccaneer Australia, has backed away from a plan to use $60 million in tax-free financing extended through the state-owned Alaska Industrial Development and Export Authority to purchase a jack-up rig for Cook Inlet exploration wells.

http://www.peninsulaclarion.com/stories/122010/new_759169192.shtml
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