Cos big companies have an AGM every 12 months and a...

Cos big companies have an AGM every 12 months and a correspondingly narrow perspective. The management needs to throw bones or bonuses to the shareholders every year. For example dig out how grateful Repsol was to Armstrong when they swapped roles recently up at Nanushuk with Horseshoe. Bill Armstrong handed over $800 million very very quickly to Repsol sorta chaiking thank you very much sez Bill not Repsol. Thank god sez Repsol.
Yes of course Shell bail out of offshore Alaska. I would too while there is the North Slope firing up.
As for Shell ask Cairn Energy about Shell and Rajastan
http://royaldutchshellplc.com/2012/08/14/an-oil-giants-road-from-rajasthan-to-ruin-2/

Big companies are like big efffing elephants with a few fleas on top trying to steer it. (Insert graphics here please somebody.)

As for 88E, after the warm offshore desert breezes of Morocco where else can you go but the icy onshore winds of the North Slope.

Cheers folks
Jbx