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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 doesnt read between the lines. Short-term investors see plug and abandon and assume its 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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