The FO is scheduled for June, ipso facto the latter have of...

The FO is scheduled for June, ipso facto the latter have of June, in what can only be described as 88E superior negotiating position:

1. six month oil price trend is holding above $65 and forecast to raise, 88E announcements estimated $40 beak-even,

2. 88E announcements declared IW1 unconventional had a substantial reserve and spectacular results in terms of porosity, etc

3. North Slope contains commercial oil reserves

4. 88E announcements declared there are substantial conventional oil reserves which is evidenced by the latest advanced 3D seismic

5. Middle east is unstable compared with Alaska, or significantly less risk in operating Alaska .

I would have thought 88E can negotiate a great deal. If not, then very poor negotiating and management skills, or 88E announcements are deceptive and misleading.