ANCHORAGE, Alaska, May 23, 2013 (GLOBE NEWSWIRE) -- Polar Petroleum Corp. (OTCBB:POLR) (herein after "Polar Petroleum", "Polar" and/or "the Company") announces that on May 17, 2013, the Company signed an agreement with Fugro Gravity and Magnetic Services (part of the Fugro group) to license magnetic data and receive interpretation services for Polar's Hemi Springs Project and Franklin Bluffs Project on Alaska's North Slope. The magnetic data and related interpretation is expected to reduce exploration risk in a cost-effective manner while assisting in the exploration for oil and natural gas.
Polar Petroleum Corp. Enters License Agreement With Fugro To Acquire Magnetic Data & Interpretation For The Company's Alaska-Based North Slope Projects
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