Alaska, page-4

Concerns about the pipeline are all part of the big picture going forward. Markets look fwd.
Near term concern is GB's financing. They are currently owed USD40m in tax rebates, which is required to pay the loan from BoA.
With HB111 expected to end future rebates, GB need fresh capital from somewhere to fund their share of any new wells, probably around USD20m/well depending on whats being tested.
Remains to be seen if they want to play that game.
So far, the only thing great about Great Bear is the name. Suspect they're a cash strapped tiddler too.

88E drilling next door is a positive, and imo is why we're not trading sub 3c at the moment.
They're not beholden to a non transparent operator and have done everything they said they would do, on time. Crazy risky punt at over $200mil MC imo, but goodluck to them.