A geologist risked his own money to set up a rig after spotting what he believed to be a large pool of oil in Alaska.
Bill Armstrong, the CEO of Armstrong Oil & Gas, told FOX Business he risked a big chunk of his own money on a hunch that he spotted a large pool of oil in Alaska.
“The North Slope of Alaska has been kind of left behind, everybody believed that all the big fields had been found,” he told Stuart Varney on “Varney & Co.” on Friday. “And so my band of brothers and I kind of tore everything apart … and we went up there and said I think they left something behind that may be really, really big.” […]
