LSE tonight, page-9161

The suggestion is..
That there may be some kind of direct or indirect advantage for Exxon and Regenerate having the stateland on the boundary to 1002area..
cos about 1/3 of this area in western part is the undeformed zone with the estimated 6bill of the total 10bill oil in entire 1002area.. nevermind the gas potential..

Now.. this undeformed 1002 area is like from zero to 30 or more miles going east from the eastern edge of the Exxon and Regenerate turf..
-an area covering about 0.5million acres..
-of which only 2000 acres would be allowed for surface development..

Possibly meaning some directional drilling into the 1002 area from the Exxon and/or Regenerate ares..
Possibly meaning that an open auction may not take place for the 1002area due to sensitivities..
Or possibly meaning anyone wanting some of those goodies will have to bid via a consortium jv approach with either of Exxon or Regenerate into the mix..

The key factors are how realistic would it be to directionally drill into the undeformed 1002area from Exxon and Regenerate statelands..
Although i guess the key factor would be.. how close to their land are any 3D seismic anomalies which would indicate where these estimated 6bill oil blobs are...

P.S.. (i am belisce6 on lse.. will try to consolidate my nicks one day soon, if i actually can via the respective systems)