I am holding some at the moment betting of PB as a billionaire in the making. It looks like Bondy may have to issue more convertible notes for 2014's Alaskan winter drilling campaign.
Umiat play is sure a risky move the company is willing to take on, and could have planned the drilling campaign a little better.
Just remember Umiat field is classified as Alaska's National Petroleum Reserve, Not for nothing...
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umiat oil field update no 4, page-18
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