RE: Q2 Results21 Jul 2019 16:49
DNR endeavors to assist applicants in meeting their goals associated with their transaction timeline. Statutory, regulatory, or logistical requirements, and workload may constrain the agency, including, for example, unit operator transfer timing requirements, time required to evaluate the financial and risk aspects of the transfer and to determine any financial assurances that may be required, and effective date options for assignments (11 AAC 82.605 and lease provisions).
Purchase and sale agreement; may be held confidential under AS 38.05.035(a)(8) if applicable and requested by the applicant.
I do not believe DNR (DOG) will be anything but helpful provided the deal does not impact negatively on the state, if indeed the result of the deal is an exploration programme in winter 2019-20 why should they not want to assist.
You can be certain the parties to any deal will have requested confidentiality until the deal is done.
Once WI transfer is agreed at higher level the administration should not hold up process, land records and legal description are all recorded, it is not the same as for a new lease sales were subsequent to the bid being accepted the LR and LD have to be examined and defined.
If indeed DOG only sits fortnightly ( I am unsure) it would little practical difference to timings.
Ultimately we can all make observations, some based on knowledge either O & G or other fields of commerce but we just do not know exactly what is happening and where any delay (bottleneck) is occurring, could occur or if indeed there is one at all.
Best of luck all and stay appy.
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