Dave Wall was asked about owners of adjacent blocks at 1:11:00 and he said he doesn't know what Otto and Great Bear are doing. He's not in their boardroom and doesn't understand their strategy.
My view is the Dave is not happy that 88E is paying for Icewine#2 to prove producibility of the massive HRZ shale resource and GB/OEL essentially are getting a free carry as GB/OEL block is immediately adjacent to the North. If Icewine#2 proves that HRZ can give good flow rates then GB/OEL acreage will go up in value as it is located in the sweet spot as shown below in the map on page 8 of the link below. OEL is yellow.
http://clients3.weblink.com.au/pdf/88E/01829543.pdf
The flow test results should be known in middle of this year.
alaska, page-2
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