LSE tonight, page-548

G&M's analysis is essentially an interpretation based upon their statistical framework.

The 42% is based on known data from other plays.

They CANNOT interpret or extrapolate based on anything but existing models.

The numbers are actually very good if you look further into them and shroud them with the expected conservative assumptions.

G&M's figures are by their very nature a natural undershoot of what is most likely there. That is their job.

Over projecting nullifies their position as independent assessors.

I personally see this first round of estimates as an indicator of what will eventually become the true recoverable value of the tenement.

What really excites me here is the legitimising of the asset.

This is exciting because the volume of recoverable oil is significant enough to draw the somewhat divided attention of the major players on our periphery.

I would suspect there are a handful of major companies who are not only doing the numbers, but also seriously evaluating the methodologies needed to bring this kind of play directly to the TAPS.

Alaska is very very keen to see this work. TAPS is hungry and it must be fed.

Bigger picture at play here. Don't be distracted by the day trade swings.

This is for real now. It is essentially day one of the development of this unique shale asset on the north slope.

I am holding my position, as I believe that when the break out through the DT/ST wall happens, it will be significant.