Caelus has no intention nor interest in developing this field today at 50 buck oil.  Speaks volumes for other prospects such as ANWR and more directly, the Bering and Chukchi areas that were so desperately wanted by the drill crowd.  Shell et al was not really remotely interested.  Caelus is not either  or is so financially strapped it could not even proceed if the credits were paid, they are just a smoke screen to see what can be squeezed out of the Alaskan rubes.  I'd bet a couple of beers that Musselman is shopping the play as we speak although it's less viable a sale sans better definition.  A true operator would have deep enough pockets AND interest to define/develop now and argue later about credits.  Me thinketh he doth protest too much.