umiat oil field update no 4, page-2

Well they sure did good in Alaska.
They planned to drill 3 wells at a net cost of $35M and ended up only drilling one well and went over budget.
They also failed to measure the flow rate on the one they did drill and plan next year to go back to the technology used by the US navy years ago.

The only good thing is that they have minimised the cash burn by pulled the drilling campain early.

Should be an interesting day