We do have a cap of 500,000 acres. I am not sure if that is for each ie Yukon or Winx holding companies.
I be more than happy to invest in beach block that has over 2bb of oil prospects, it makes sense. More so when two are upgraded to Discovery and another couple of leads, close to 900mb are Prospect/Discovery. 2 drills done and a third early new year.
Big oilers are always looking to add acres as they work down their producing fields. Not such a bad habit after all. Farm OUT, is cathartic
West North Slope Oil Lease Sale, page-8
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