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Beaten to pulp - April 11, 2021 - Petroleum News


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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