OEL Alaska acreage is focussed on conventional oil not shale, which 88E has been exploring. I agree with you in that I see GOM as being more valuable at present. Alaska is the long dated upside for when oil market improves. the diversification is important when you think OEL; likewise the fact OEL can walk from the Gulf after this well if it doesn't shape up. BYE are locked into the post code for better or worse.
Very optimistic this drilling will be a strong result for holders in OEL and BYE. low risk, low cost and economic despite oil price being miserable. makes sense to me
BYE Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
