Midweek Takeaway with Paul Welch, CEO of Buccaneer Energy (LSE:BUCE) #BUCE

In this episode of the Midweek Takeaway, Phil Carroll and Kevin Hornsby are joined by Paul Welch, CEO of Buccaneer Energy, to discuss the company’s £350,000 fundraise and the $425,000 acquisition of the Carlisle 1 well in Texas.

Paul outlines how the deal lifts production to around 160 barrels of oil per day, with a clear pathway to 250–300 bopd through waterflood expansion and a 100% uplift from the organic oil recovery pilot. With operating costs below $5 per barrel and a sub-12 month payback period at current oil prices, the focus is firmly on cash flow growth and scaling the Pine Mills field.

The conversation also covers reserve value versus market cap, the impact of rising oil prices amid geopolitical tensions, and Buccaneer’s strategy to grow both organically and through selective acquisitions as it targets 1,000 bopd and beyond.

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