At this stage a lot depends on the success of well 23H. If it develops incurable permafrost problems blocking flow or not. Might need 24H if it does. Thorough Core analysis from the #18 core will maximize the chances of success. A successful flow test this season will help prove the theory of Umiat's value. We want 1P not 2P at some point to make the potential value a reality.
"Fuelling our future" paints the picture, hopefully it doesnt mean that it *always* stays 2P. Lets unlock the value and hope that future governments remain positive towards north slope environmentally sensitive economic development infrastructure.
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- valuation increases to over us$2.8 b
valuation increases to over us$2.8 b, page-5
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