Spike, I won't give a speculative answer because there are just...

Spike, I won't give a speculative answer because there are just too many factors involved. But I like your conservative approach to possible gain as it is realistic. Share dilution is always a factor in these small caps but so far I believe this management has acted in a highly professional and very competent manner.
This is a refreshing change from the usual goings on in the ''penny horribles'' where, so often, you see management more intent on playing the share & options issue to themselves and their mates game rather than keeping the focus on doing the best for all shareholders - including the small retail ones.
DYOR and always remember this is high risk. Mitigating our risk is the location, the Alaskan government incentives and the very experienced team that has been assembled to do the drilling.
Oil exploration is about as high risk as they come except if you lie under my trusty old Landrover where you will always find some oil