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Prudhoe Bay (largest producing oil field in the U.S. and 18th largest worldwide with an estimated 50 billion barrels as well as large scale gas) was highlighted yesterday on the website owned by Proactive Investors Australia . (This outfit notes itself as “the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China”). The article stated that Rampart Energy (AU company) agreed to purchase acreage which can initially begin earnings for a $3.4 million payment with later earnings locked in by conducting 3D seismic survey by the end of March 2014 (and final earnings by drilling, testing and completing two wells a year later). Thus straight forward milestones were listed, and what looks to be a good exposure of Alaskan North Slope oil to Australian market observers came through.

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