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Providing coverage of Alaska and northern Canada s oil and gas industry Beaten to pulp Kay Cashman Petroleum News Dr. Paul Craig, a veteran oil and gas investor in Alaska, told Petroleum News April 6 what other experienced North Slope operatives were only willing to say off the record: Although “88 Energy stock got beaten to a pulp on the news about the Merlin 1 well, I like the results. But the market doesn’t read between the lines. Short-term investors see ‘plug and abandon’ and assume it’s a dry hole with no commercial potential,” Craig said. Kevin Frank, a geologist and section chief of the state Division of Oil and Gas’ resource evaluation team, agreed.

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