Ann: Alaska Projects Update, page-46

New direction farm out everything and take the best deal available. Let's face it just because there are bidders doesn't mean there offering the greatest terms. If we are farmed out it won't be the deal DW has been chasing over the years but it's the deal that has to happen.

a percentage of something is better then a percentage of nothing. Get lots of holes drilled at whatever cost and let's see what's down there. Were well and truly past the point that protecting potential future profits matter.

reading comments like the lease just around the corner found oil we should to oily place on earth that's all good but just remember this acreage was cheap which allowed us to get as far as we did.

but that also means anyone who does want to work with us has two choices develop our lease for us or go any take a risk buying another least cheaply and doing it on there own.