The presentation is just a joke when they make statements like this.
Icewine* : HRZ Liquids Rich Resource Play – 0.8-2.0 Billion Barrels Liquids** • De-risked by core/log analysis from Icewine#1 and successful stimulation of Icewine#2 • Integration of Icewine#2 results underway – farm-out targeted 1H19.
How could it be successful ?
When they first started to drill for oil in Alaska they had 166 consecutive dry holes before getting oil so it is not easy and all the oil discovered is North of 88E blocks not one company South of 88E blocks shown.
Ann: Investor Presentation - September 2018, page-11
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