Ann: PEP11 Option Update, page-129

I don’t know whether to call an Alvarez re entry an exploration or appraisal. Similar appraisal wells need not be limited to 2.4TCF.
Why weren’t evaluation logs done? I don’t get too caught up in semantics of English expression. To me drilling Alvares the field is one and all no matter how they go about it , whether your interpretation matches what they intended is a matter of conjecture also. You may be right but you may be too literal. My interpretation is that they are focused on other bolt on large potential drills and maybe Alvares as an afterthought, so to speak. I think this is a plausible explanation as well. I attended the EGM Friday, bye the bye .