From what I’ve read about it I believe that Lindsey Williams is a nut - sure there are some major fields we should be developing in various places, from off our coasts in the lower 48 up to northern Alaska, but there is NO reason to believe there is some gigantic field under Gull Island.
The oil under Gull Island, Alaska, appears to be just a pipe dream
And I think Thackney has addressed the myth on several FR Threads.
I now agree, I am always suspicious when a major league story as that should have been has only one source,Williams in this case.