BoD have significant skin in the game having paid calls on options. Consider the possibility of consolidation from POV if you were in their shoes.
DW has very successfully completed critical stages in project Icewine:
1 Don't dilute the asset.
2 Farmouts announced 2018. Expect a flurry of farm outs late 2019 early 2020. What we haven't been bought out by 2020.
3 88E has actually expanded the asset/leases. Got to have the acres before you drill before you find the oil. So at this point acreage total as relevant as estimates on proven, reserves etc and other factors.
Well done Dave copybook exercise. DOG Alaska will not be the only ones quoting Icewine as textbook.
Not forgetting too, PB toolbox may just be the key to unlock massive shale resource.
GLTA
JBX
Ultimate Conclusion?, page-2
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