It's the blinker brigade, hard to preach to those that have taken the PB model as some new form of religion.
Being cautious in oil related explorer stocks should be front and centre and reliance on internal management models over professional unbiased, independent reports is fraught with danger imo.
Based on internal report, you end up with circa 5boe per acre, not near enough to warrant development at this stage.
Proving up the identifying HRZ zone and ability to extract oil through what seems to be very tight clay induced formations via horizontal drilling/fraccing is no easy task in Alaskan slope, there is a long long way to go.
Ann: Operational Update - Significant Progress on all Fronts-88E.AX, page-136
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