Ann: Drilling Commences at SM-6 well in Gulf of Mexico, page-94

Cara
I believe the USD150m spend by GB in Alaska included the wells already drilled. Halliburton would've paid for some of it under the farmin agreement and a fair chunk would've been reimbursed from the 85/75% rebates in years one and two of the permits. As you suggest, I also think a poor result from Alkaid-1 lead to a rethink on the 2016 drilling program.
My main gripe is we're left guessing about that, no asx release explaining the change of plan, no accountability.
Did OEL jump the gun on the Alaska farmin when they should've waited for the final Alkaid-1 results to confirm the conventional play they bought into ??

HawkeyeA, yes OEL's recent announcements state they're targeting late 2016/early 2017 for drilling in Alaska. I'm just saying you cant bank on that happening until they book a rig, imo.
Reason being their track record of missing timelines set by themselves. Kito is a year overdue, Hawkeye-1 was around 7 years overdue....

GOM seems a decent project if oil prices recover next year.