Considering my previous employment with Irving in NB, I believe that I’ve got a pretty fair handle on underwater oil exploration and HDP surveying. The FACT is, they have only surveyed some 25% of the acreage in question, and have only chosen to exploit 17%. 68% is a pretty good percentage, don’t you think? I have no idea what the percentage of exploitable reserves would be if they surveyed the remaining 75% of their active leases in the US, but then again, neither do they - which is the point I have been attempting to make.
Then you can support your claim of only 25% surveyed?
They answer to the stock holders. It's not like the 'oil company' has an unlimited amount of money they get to throw around to please some enviro nut who doesn't like the way they do oil exploration.