From Reddit5 Apr 2021 10:21
Arktus1970
Given that the cliniforms are oriented north to south, it is important to recognize that the Harrier-1 is not a step-out well in the classic sense. Yes, Harrier-1 is inside the area named "Project Peregrine" by XCD Energy (88E's predecessor at Project Peregrine). But the Merlin-1 is on the cliniform south of the Willow oil field. The Harrier-1 is on the same cliniform as the Harpoon oil field. If 88E were to drill a step-out well to define a discovery at the Merlin-1, the well would be located north or south of Merlin-1. But to your point, if the Harrier-1 is also an oil discovery, then that would increase the value of 88E's assets significantly.
As an example of a cliniform step-out, look no further than Armstrong's Horseshoe well.
https://www.petroleumnews.com/pntruncate/245705826.shtml
Basically, Armstrong moved south about 20 miles along the same cliniform as the Pikka oil field and hit a boomer well on the same north-south drape of Nanushuk sands as Pikka. The Merlin-1 looks like a similar discovery (assuming logging is favorable) extending the Willow many miles to the south, into Project Peregrine. If the Harrier is oily, that will be an extension of the Harpoon.
The following link shows a map of Merlin-1, Harrier-1, Willow, Harpoon, and the Horseshoe (Stirrup is to the west of Horseshoe well).
https://www.energy-pedia.com/news/usa/conoco-phillips-confirms-hydrocarbon-discovery-at-harpoon-prospect-on-alaskas-north-slope-179465
Readers may also want to take a look at:
https://news.ihsmarkit.com/prviewer/release_only/slug/energy-alaska-north-slope-super-basin-ready-oil-resurgence-oil-production-expected-gro
This report from IHS Markit is from 2018 but provides a great overview of the economic potential of the Nanushuk and Torok plays on Alaska's North Slope.
My belief is that the USA should stop vaulting its oil resources. We should consume what we have and save the money we are exporting to the Mideast. We should then use those economic resources to develop technology and resources for the next iteration of energy production (green/renewable) and energy consumption (e.g., room temperature superconductors, etc.).
Our current energy policies are contrary to good economic sense, sound foreign policy, environmental protection, and leading the way to a greener future.
I'll get off my soapbox now.
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