{
  "schemaVersion": "deck-intelligence.v1",
  "id": "019de06f-47a7-73ab-976e-8fa8d1d23374",
  "slug": "bf01386f09de8fd439d9578440d2f1c3",
  "title": "Evercore | Investment Banking Pitch Book | 37 slides",
  "subtitle": "Evercore · 2012-12",
  "author": "Evercore",
  "date": "2012-12-01 00:00:00",
  "pageCount": 37,
  "kind": "consulting-deck",
  "orientation": "landscape",
  "aspectRatio": 1.469013,
  "document": {
    "id": "019de06f-47a7-73ab-976e-8fa8d1d23374",
    "slug": "bf01386f09de8fd439d9578440d2f1c3",
    "title": "Evercore | Investment Banking Pitch Book | 37 slides",
    "rawTitle": "Evercore | Investment Banking Pitch Book | 37 slides",
    "authorId": "evercore",
    "authorName": "Evercore",
    "authorDisplay": "Evercore",
    "kind": {
      "slug": "consulting-deck",
      "label": "Consulting deck"
    },
    "sourceType": {
      "slug": "investment_bank",
      "label": "Investment bank"
    },
    "fileName": "2012-12__evercore__ib-pitchbook__bf01386f.pdf",
    "sourceUrl": "https://www.slidebook.io/company/evercore/presentation/bf01386f09de8fd439d9578440d2f1c3/",
    "sourceDate": "2012-12-04 00:00:00",
    "presentationDate": "2012-12-01 00:00:00",
    "ingestedAt": "2026-04-30 22:08:02.649776+00",
    "status": "ready",
    "pageCount": 37,
    "orientation": "landscape",
    "aspectRatio": 1.469013,
    "targetCompany": null,
    "targetTicker": null,
    "metadata": {
      "corpus": "slidebook",
      "industry": "capital-markets",
      "local_root": "/Users/miguelsuredasuau/Desktop/lalalalla/_scrape/slidebook/decks/2012-12__evercore__ib-pitchbook__bf01386f",
      "image_width": 1920,
      "image_format": "jpg",
      "deck_type_raw": "Investment Banking Pitch Book",
      "deck_type_slug": null,
      "source_url_pattern": "https://www.slidebook.io/company/{company_slug}/presentation/{deck_id}/"
    }
  },
  "coverage": {
    "pageCount": 37,
    "pagesIndexed": 37,
    "pagesWithImages": 37,
    "pagesWithMetadata": 37,
    "imageCoveragePct": 100,
    "metadataCoveragePct": 100,
    "componentCount": 155,
    "chartCount": 8,
    "metricSlides": 0,
    "toolMatches": 82,
    "documentToolMatches": 0,
    "frameworkMatches": 14,
    "arcMatches": 2,
    "beatMatches": 7,
    "loopMatches": 7,
    "patternMatches": 0,
    "storymakersMatch": true,
    "scoreAvailable": true,
    "reviewAvailable": true,
    "activistThesisAvailable": false,
    "pitchdeckMetadataAvailable": false,
    "pitchdeckProfileAvailable": false
  },
  "blocks": [],
  "matches": {
    "arcs": [
      {
        "arc": {
          "name": "The Consultant's Gambit",
          "slug": "consultants-gambit",
          "status": "active",
          "bestFor": "Business cases, project proposals, strategic recommendations",
          "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
          "description": null,
          "familyLabel": null,
          "categoryName": "Strategy & Business",
          "categorySlug": "strategy-business"
        },
        "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
        "evidence": "Classic banker fairness opinion: scope set on p.4, situation pp.8-12, methodology pp.13-14, evidence pp.15-35.",
        "isPrimary": true,
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "arc": {
          "name": "The Triple Take",
          "slug": "triple-take",
          "status": "active",
          "bestFor": "Data-driven presentations, research findings",
          "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
          "description": null,
          "familyLabel": null,
          "categoryName": "Analysis & Information",
          "categorySlug": "analysis-information"
        },
        "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
        "evidence": "Facts (terms p.4), implications (situation p.9-12), action (valuation summary p.15) loosely fits.",
        "isPrimary": false,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      }
    ],
    "beats": [
      {
        "to": 7,
        "arc": {
          "name": "The Consultant's Gambit",
          "slug": "consultants-gambit",
          "status": "active",
          "bestFor": "Business cases, project proposals, strategic recommendations",
          "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
          "description": null,
          "familyLabel": null,
          "categoryName": "Strategy & Business",
          "categorySlug": "strategy-business"
        },
        "from": 1,
        "name": "Situation & Context",
        "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
        "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
        "beatType": null,
        "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
        "position": 1,
        "isPrimaryArc": true,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 88
      },
      {
        "to": 12,
        "arc": {
          "name": "The Consultant's Gambit",
          "slug": "consultants-gambit",
          "status": "active",
          "bestFor": "Business cases, project proposals, strategic recommendations",
          "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
          "description": null,
          "familyLabel": null,
          "categoryName": "Strategy & Business",
          "categorySlug": "strategy-business"
        },
        "from": 8,
        "name": "Problem & Complication",
        "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
        "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
        "beatType": null,
        "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
        "position": 2,
        "isPrimaryArc": true,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 88
      },
      {
        "to": 14,
        "arc": {
          "name": "The Consultant's Gambit",
          "slug": "consultants-gambit",
          "status": "active",
          "bestFor": "Business cases, project proposals, strategic recommendations",
          "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
          "description": null,
          "familyLabel": null,
          "categoryName": "Strategy & Business",
          "categorySlug": "strategy-business"
        },
        "from": 13,
        "name": "Solution & Approach",
        "beatId": "019deab3-cc93-760b-8231-57de4f539b02",
        "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
        "beatType": null,
        "evidence": "Section divider plus table of 5 valuation methodologies.",
        "position": 3,
        "isPrimaryArc": true,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 88
      },
      {
        "to": 35,
        "arc": {
          "name": "The Consultant's Gambit",
          "slug": "consultants-gambit",
          "status": "active",
          "bestFor": "Business cases, project proposals, strategic recommendations",
          "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
          "description": null,
          "familyLabel": null,
          "categoryName": "Strategy & Business",
          "categorySlug": "strategy-business"
        },
        "from": 15,
        "name": "Evidence & Proof",
        "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
        "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
        "beatType": null,
        "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
        "position": 4,
        "isPrimaryArc": true,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 88
      },
      {
        "to": 7,
        "arc": {
          "name": "The Triple Take",
          "slug": "triple-take",
          "status": "active",
          "bestFor": "Data-driven presentations, research findings",
          "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
          "description": null,
          "familyLabel": null,
          "categoryName": "Analysis & Information",
          "categorySlug": "analysis-information"
        },
        "from": 4,
        "name": "The Facts (What)",
        "beatId": "019deab3-cd14-75de-8c05-a08ea5c4685d",
        "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
        "beatType": null,
        "evidence": "Merger consideration and term tables.",
        "position": 1,
        "isPrimaryArc": false,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 55
      },
      {
        "to": 12,
        "arc": {
          "name": "The Triple Take",
          "slug": "triple-take",
          "status": "active",
          "bestFor": "Data-driven presentations, research findings",
          "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
          "description": null,
          "familyLabel": null,
          "categoryName": "Analysis & Information",
          "categorySlug": "analysis-information"
        },
        "from": 9,
        "name": "The Implications (So What)",
        "beatId": "019deab3-cd3f-72b7-aff0-0bb092681c27",
        "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
        "beatType": null,
        "evidence": "Stock performance and projection context.",
        "position": 2,
        "isPrimaryArc": false,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 55
      },
      {
        "to": 15,
        "arc": {
          "name": "The Triple Take",
          "slug": "triple-take",
          "status": "active",
          "bestFor": "Data-driven presentations, research findings",
          "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
          "version": 1,
          "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
          "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
          "description": null,
          "familyLabel": null,
          "categoryName": "Analysis & Information",
          "categorySlug": "analysis-information"
        },
        "from": 14,
        "name": "The Action (Now What)",
        "beatId": "019deab3-cd6b-74b9-a2b5-48d3000505dc",
        "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
        "beatType": null,
        "evidence": "Methodology choice plus football-field convergence on offer.",
        "position": 3,
        "isPrimaryArc": false,
        "parentBeatType": null,
        "alignedBlockIds": null,
        "matchConfidence": 55
      }
    ],
    "loops": [
      {
        "to": 7,
        "from": 4,
        "loop": {
          "name": "33_build_up",
          "slug": "33-build-up",
          "status": "active",
          "bestFor": "Pricing justification, cost estimation, market sizing",
          "canonId": "019dd956-733a-746e-88fd-04b2e4b51b61",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
          "description": "Start from zero and add components to arrive at a total",
          "familyLabel": null,
          "categoryName": "Consulting Framework",
          "categorySlug": "consulting-framework"
        },
        "matchId": "019deab3-cd96-7258-86a3-f58d9ff48a18",
        "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
        "position": 1,
        "objective": "Build up the merger consideration and frame the fairness question",
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 12,
        "from": 9,
        "loop": {
          "name": "06_zoom_in",
          "slug": "06-zoom-in",
          "status": "active",
          "bestFor": "Technical deep-dives, case studies, detailed analysis",
          "canonId": "019dd956-6846-74db-82be-dff5b058b072",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
          "description": "Start broad, then progressively focus on specific details that prove your point",
          "familyLabel": null,
          "categoryName": "Analysis",
          "categorySlug": "analysis"
        },
        "matchId": "019deab3-cdc0-75e0-89eb-e580ec70b7f4",
        "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
        "position": 2,
        "objective": "Zoom from McMoRan overview into share-price events and projections",
        "confidence": 80,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 15,
        "from": 14,
        "loop": {
          "name": "35_scenario_fork",
          "slug": "35-scenario-fork",
          "status": "active",
          "bestFor": "Strategic planning, risk analysis, board presentations",
          "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
          "description": "Present multiple futures based on different assumptions or decisions",
          "familyLabel": null,
          "categoryName": "Consulting Framework",
          "categorySlug": "consulting-framework"
        },
        "matchId": "019deab3-cdec-72ad-b3fb-464229b2d27a",
        "evidence": "Methodology table p.14 then waterfall/football-field p.15 plotting each method's range vs. offer.",
        "position": 3,
        "objective": "Lay out the five valuation lenses and synthesize them in a football-field summary",
        "confidence": 85,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 20,
        "from": 16,
        "loop": {
          "name": "52_sensitivity_test",
          "slug": "52-sensitivity-test",
          "status": "active",
          "bestFor": "Financial models, forecasting, risk assessment",
          "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
          "description": "Show how conclusions change (or don't) when key assumptions vary",
          "familyLabel": null,
          "categoryName": "Risk Management",
          "categorySlug": "risk-management"
        },
        "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
        "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
        "position": 4,
        "objective": "Build the NAV case and stress it across price decks and discount rates",
        "confidence": 82,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 22,
        "from": 21,
        "loop": {
          "name": "39_benchmark_gap",
          "slug": "39-benchmark-gap",
          "status": "active",
          "bestFor": "Performance improvement, competitive analysis, target setting",
          "canonId": "019dd956-75a4-7522-8d1a-af94da4703e9",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
          "description": "Compare performance against best-in-class to quantify the opportunity",
          "familyLabel": null,
          "categoryName": "Comparison",
          "categorySlug": "comparison"
        },
        "matchId": "019deab3-ce43-74c5-8c68-168a1f420609",
        "evidence": "Conventional and ultra-deep peer tables with MMR row highlighted then valuation summary.",
        "position": 5,
        "objective": "Benchmark MMR against trading peers to derive an implied per-share value",
        "confidence": 84,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 30,
        "from": 23,
        "loop": {
          "name": "09_precedent",
          "slug": "09-precedent",
          "status": "active",
          "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
          "canonId": "019dd956-695f-7615-8f82-39d919918314",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
          "description": "Use historical or external examples to validate your approach",
          "familyLabel": null,
          "categoryName": "Validation",
          "categorySlug": "validation"
        },
        "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
        "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
        "position": 6,
        "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      },
      {
        "to": 35,
        "from": 32,
        "loop": {
          "name": "35_scenario_fork",
          "slug": "35-scenario-fork",
          "status": "active",
          "bestFor": "Strategic planning, risk analysis, board presentations",
          "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
          "version": 1,
          "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
          "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
          "description": "Present multiple futures based on different assumptions or decisions",
          "familyLabel": null,
          "categoryName": "Consulting Framework",
          "categorySlug": "consulting-framework"
        },
        "matchId": "019deab3-ce97-708c-9885-bf19dd24cb15",
        "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
        "position": 7,
        "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        }
      }
    ],
    "tools": [
      {
        "tool": {
          "name": "Pyramid Principle",
          "slug": "pyramid-principle",
          "status": "active",
          "bestFor": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
          "canonId": "019dd956-7cbd-7219-a477-c871e2bc1aff",
          "version": 1,
          "bodyDocId": "88b6ac56-b880-46f9-8621-ef3491ab6235",
          "description": "Lead with the answer; group three to five MECE supports beneath it; recurse one level down. Top-down hierarchical structure for any document with a single recommendation.",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cec1-7188-bacf-74a9a77ba413",
        "evidence": "TOC lists 3 main sections plus appendix top-down.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 2,
        "whyItWorks": "Solves the two failure modes of expert communication at once: (1) the long climb where readers wait pages for the answer, and (2) logical mush from non-MECE groupings. Progressive disclosure lets a reader stop at any depth and get the right information.",
        "antipattern": "Chronological structure (\"what we did, what we found, what we conclude\") instead of logical hierarchy. Top-of-pyramid that is a topic (\"strategic options\") instead of an answer (\"pursue Option B because...\"). Non-MECE supports that overlap or fail to cover the universe.",
        "cardinality": null,
        "narrativePurpose": "Transfer conviction with minimum reader effort by mirroring how decision-makers consume information: answer first, scaffolding behind."
      },
      {
        "tool": {
          "name": "Three Pillars",
          "slug": "three-pillars",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-81ef-7455-a365-b234d95a6bbb",
          "version": 1,
          "bodyDocId": null,
          "description": "Three major supporting arguments that are MECE and address key concerns",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-ceef-742d-a1b9-70d3c99bbe56",
        "evidence": "Three numbered sections structure the deck.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 75,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 2,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cf74-74ce-8dbe-bf4724302abd",
        "evidence": "Three exhaustive sections: Merger Consideration, Implied Multiples, Premium Analysis.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 4,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Pyramid Principle",
          "slug": "pyramid-principle",
          "status": "active",
          "bestFor": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
          "canonId": "019dd956-7cbd-7219-a477-c871e2bc1aff",
          "version": 1,
          "bodyDocId": "88b6ac56-b880-46f9-8621-ef3491ab6235",
          "description": "Lead with the answer; group three to five MECE supports beneath it; recurse one level down. Top-down hierarchical structure for any document with a single recommendation.",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cfa0-714b-b162-8953b7720935",
        "evidence": "Answer-first table of merger terms before details.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
        "confidence": 72,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 4,
        "whyItWorks": "Solves the two failure modes of expert communication at once: (1) the long climb where readers wait pages for the answer, and (2) logical mush from non-MECE groupings. Progressive disclosure lets a reader stop at any depth and get the right information.",
        "antipattern": "Chronological structure (\"what we did, what we found, what we conclude\") instead of logical hierarchy. Top-of-pyramid that is a topic (\"strategic options\") instead of an answer (\"pursue Option B because...\"). Non-MECE supports that overlap or fail to cover the universe.",
        "cardinality": null,
        "narrativePurpose": "Transfer conviction with minimum reader effort by mirroring how decision-makers consume information: answer first, scaffolding behind."
      },
      {
        "tool": {
          "name": "SCQA Framework",
          "slug": "scqa-framework",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7bcb-763f-bdf6-1dfedf3bd36c",
          "version": 1,
          "bodyDocId": "019df22a-a0b0-719e-937e-2ac31e53d32c",
          "description": "Situation, Complication, Question, Answer - structured problem framing",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cf47-7503-88a7-b639210a8e9e",
        "evidence": "Scope of Assignment paragraph frames Situation+Question.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 4,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cff5-74d0-bafb-dc2958a207d7",
        "evidence": "Term categories partitioned: structure, financing, conditions, fees.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 5,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d04b-76cf-8f1d-6014ba5da6b3",
        "evidence": "ORRI terms split into royalty %, term, options, costs, drilling obligations.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 75,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 6,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Issue Tree",
          "slug": "issue-tree",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-82e3-775d-a2b6-318154564b53",
          "version": 1,
          "bodyDocId": null,
          "description": "Breaking down a problem into component parts systematically",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d0ca-770c-8f24-37037874ebe1",
        "evidence": "Due-diligence categories implicitly cover key questions.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 7,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d0a0-762e-96b7-cb417d8df1af",
        "evidence": "Bulleted list of evaluation steps covers process exhaustively.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 7,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d24b-7197-9851-e95d7e1befaf",
        "evidence": "Categories cover operations, costs, taxes, financing distinctly.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 11,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Hypothesis-Driven Structure",
          "slug": "hypothesis-driven-structure",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-833f-7419-9932-be80362019a7",
          "version": 1,
          "bodyDocId": null,
          "description": "Start with a hypothesis and organize evidence to prove/disprove it",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d2f4-773a-84ea-39d8a6ff17c5",
        "evidence": "Each row stages a methodology before evidence is shown later.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 14,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d2ca-7579-907f-bbd917319145",
        "evidence": "Methodologies are distinct and span market/intrinsic/transaction views.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 82,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 14,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d450-73cf-b7ea-cefadcc69e94",
        "evidence": "Production, rig program, cost categories partitioned.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 16,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Cognitive Load",
          "slug": "cognitive-load",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-94f5-73dd-8446-ab3f7941bee7",
          "version": 1,
          "bodyDocId": null,
          "description": "Total mental effort required to process information - minimize unnecessary complexity",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d4d0-77c2-be72-31fc469482e7",
        "evidence": "Slide is overcrowded with cost and tax minutiae.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 45,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 17,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d5a7-71aa-8829-d17a63278ec9",
        "evidence": "Offshore vs onshore, prospects vs discoveries split.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 19,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Framing Effect",
          "slug": "framing-effect",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-97be-77c8-8c04-5de78eaad0a1",
          "version": 1,
          "bodyDocId": null,
          "description": "How information is presented dramatically affects perception and decisions",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect",
          "Storyteller"
        ],
        "matchId": "019deab3-d626-7548-8ba6-5aefd1d532b7",
        "evidence": "Range framed across NYMEX strip and stress decks.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 50,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 20,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "MECE Principle",
          "slug": "mece-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
          "version": 1,
          "bodyDocId": null,
          "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
          "familyLabel": null,
          "categoryName": "Block",
          "categorySlug": "block"
        },
        "agent": "Architect",
        "layer": "block",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d980-7719-bf01-5e130196b0a5",
        "evidence": "Technical, operational, financial categories partitioned.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 33,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d020-70b3-acfd-3d1be4b5a7f1",
        "evidence": "Terms grouped into labelled blocks for scanning.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 5,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d075-736d-a3a3-d3318bfd63d5",
        "evidence": "Right-column term blocks paired to labels.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 68,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 6,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Causal Chain",
          "slug": "causal-chain",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-9e98-7269-907b-8cf727e9499d",
          "version": 1,
          "bodyDocId": null,
          "description": "Showing how one event leads to another in sequence",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d1a3-77db-b769-d75c36f56c70",
        "evidence": "Sequential corporate events mapped to share-price reaction.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 10,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d221-71c9-8e11-05520c2327ce",
        "evidence": "Assumptions grouped into seven labelled lists.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 11,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d29f-723d-a682-faf34b0b00b4",
        "evidence": "Rows grouped by production / pricing / revenue / EBITDAX / FCF.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 12,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d47a-750d-a773-2b9c196dd3f4",
        "evidence": "Three labelled assumption blocks.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 16,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d4a4-7334-aac5-731c8ba55717",
        "evidence": "Long assumption list grouped under 13 headings.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 17,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d67e-740e-b049-03abfdc20942",
        "evidence": "Conventional vs Ultra-Deep peer groupings.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 21,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d880-779a-87fe-a07c867db3f9",
        "evidence": "Premium time windows chunked into columns.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 30,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chunking",
          "slug": "chunking",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
          "version": 1,
          "bodyDocId": null,
          "description": "Information grouped into chunks is remembered better - structure content in digestible units",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Architect",
        "layer": "loop",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d956-73dc-b6cd-54e9b06e5036",
        "evidence": "Three labelled assumption groups for ORRI.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 33,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Contrast Pairs",
          "slug": "contrast-pairs",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-9b77-70d3-88b1-f34e26f60860",
          "version": 1,
          "bodyDocId": null,
          "description": "Creating tension through opposites: Before↔After, Problem↔Solution, Pain↔Relief",
          "familyLabel": null,
          "categoryName": "Loop",
          "categorySlug": "loop"
        },
        "agent": "Storyteller",
        "layer": "loop",
        "agents": [
          "Storyteller"
        ],
        "matchId": "019deab3-da2c-7529-b2b8-04e4990363fd",
        "evidence": "Risked p.34 vs unrisked p.35 mirrored layout.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 35,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Headline Test",
          "slug": "headline-test",
          "status": "active",
          "bestFor": "On every body slide title, every memo subject, every section header, every dashboard tile and every blog H1 — applied at draft time and again at review. Skip only on divider / agenda / neutral-framing navigation slides where the title is intentionally not summarising.",
          "canonId": "019dd956-ad87-70bd-90dc-722d02ddcb91",
          "version": 1,
          "bodyDocId": "ab578e4c-65d7-4fce-a814-10b07ffdb99d",
          "description": "A three-question editorial test applied to any candidate slide title or headline: does it have a real verb, does it make a defensible claim, and would the reader walk away with the right point if they read only that line?",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Architect",
        "layer": "slide",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-cf1b-73de-9b58-0ea6d7e356bb",
        "evidence": "Section titles convey shape of argument.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": "On every body slide title, every memo subject, every section header, every dashboard tile and every blog H1 — applied at draft time and again at review. Skip only on divider / agenda / neutral-framing navigation slides where the title is intentionally not summarising.",
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 2,
        "whyItWorks": "The title is the only line statistically read by every reader (eye-tracking evidence from Nielsen Norman Group); a three-step filter on verb, claim, and memorability forces the analyst to commit to a finding rather than decorate the slide with a folder name, and catches the failure mode pyramid-MECE checks alone miss — clean ladders of invisible labels.",
        "antipattern": "Titles whose only verb is a copula (is, has, are), passive constructions hiding the agent, hedging adverbs that dilute the claim (may have somewhat softened), meta-descriptions (this slide shows...), bare numeric facts without a so-what, and topic labels masquerading as titles (Cost dynamics, Strategic implications).",
        "cardinality": null,
        "narrativePurpose": "Acts as the cheapest universal quality gate on every line of text whose job is to summarise what comes after it — converting topic-shaped labels into claim-shaped action titles so that a reader scanning only headlines reconstructs the argument."
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-cfcb-72b9-a53e-5dbf76a44cc8",
        "evidence": "Dense table with minimal chartjunk, alternating row shading.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 4,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d121-71f4-b51d-118273354bf8",
        "evidence": "Stock chart annotated with peer and gas-price comparisons.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 9,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d14b-74b8-a6a5-10b404072124",
        "evidence": "Compact valuation-multiples table.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 9,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Visual Hierarchy",
          "slug": "visual-hierarchy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
          "version": 1,
          "bodyDocId": null,
          "description": "Order of perception through Size > Color > Position > Weight > Space",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d0f5-70bb-8940-d26f622baa94",
        "evidence": "Company snapshot on left, peer/price chart on right.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 9,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d178-730a-98fe-de2cfbcdbe83",
        "evidence": "Twelve dated event callouts overlay price line.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 92,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 10,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d1cd-72ee-bc47-428caafe475b",
        "evidence": "Dual-axis line+area chart fits price-volume narrative.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 10,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Visual Hierarchy",
          "slug": "visual-hierarchy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
          "version": 1,
          "bodyDocId": null,
          "description": "Order of perception through Size > Color > Position > Weight > Space",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d1f7-73d3-9e42-2a9fc5d01956",
        "evidence": "Bold dates, dashed event markers, secondary volume area.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 10,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d275-7280-b56a-2a4f0c8f15f8",
        "evidence": "Banded multi-year projection table, restrained styling.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 12,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Action Titles",
          "slug": "action-titles",
          "status": "active",
          "bestFor": "Any decision-grade deliverable — strategy recommendation, board update, investment memo, M&A review, post-mortem — where the reader is being asked to agree, decide, or act and will skim the title bar at speed.",
          "canonId": "019dd956-ac70-700b-a608-ba58e78f5dcc",
          "version": 1,
          "bodyDocId": "816dad3c-9983-41c1-a86e-978ebd582841",
          "description": "The McKinsey-bred discipline of writing every slide title as a complete declarative sentence with a verb and an insight, not a topic label. Each title is a sub-claim that ladders up to the deck's governing thought; read in sequence, the titles reconstruct the executive summary.",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Architect",
        "layer": "slide",
        "agents": [
          "Architect"
        ],
        "matchId": "019deab3-d31f-77fb-9c28-f910e454bca0",
        "evidence": "Methodology column states the approach succinctly.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": "Any decision-grade deliverable — strategy recommendation, board update, investment memo, M&A review, post-mortem — where the reader is being asked to agree, decide, or act and will skim the title bar at speed.",
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 14,
        "whyItWorks": "Solves two failure modes at once. (1) The buried claim: action titles place the conclusion on the page before any analysis is read, so a busy reader doesn't reverse-engineer it from the chart. (2) The spineless deck: because each title is a claim, slides have to ladder up to the governing thought; logical gaps become visible as topic-shaped titles in a sequence that no longer reads as a story.",
        "antipattern": "Topic labels disguised as titles — Volume by quarter, Key findings, Pricing strategy, Margins have been impacted. No verb, or a passive verb with no agent, or a fact (Revenue grew 12%) without the so-what. Also: titles that overreach the chart's evidence, multi-claim X-grew-but-Y-fell welded titles, and mechanical repetition of the same X-drove-Y template across the deck.",
        "cardinality": null,
        "narrativePurpose": "Forces the deck to carry its argument in the title bar so a senior reader can extract the recommendation without opening a single slide; converts a binder of topics into a navigable pyramid where every slide is a node defending the apex."
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d375-70e9-937c-9f085ca54edc",
        "evidence": "Three dashed lines annotate cash, risked, and unrisked offer levels.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 90,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d349-718c-a799-ac7eb7281563",
        "evidence": "Football-field/waterfall ranges chosen for cross-method valuation.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Color Strategy",
          "slug": "color-strategy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
          "version": 1,
          "bodyDocId": null,
          "description": "Using color for emphasis, categories, sentiment, and hierarchy",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d39f-7618-ad44-6a577b056568",
        "evidence": "Distinct hues per methodology category along the x-axis.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 80,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Contrast Principle",
          "slug": "contrast-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-bf0f-73ae-b9df-e60508cdaa65",
          "version": 1,
          "bodyDocId": null,
          "description": "Higher visual weight draws attention - use contrast strategically for emphasis",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d41f-74fe-a24c-316a3640b566",
        "evidence": "Offer dashed lines contrast against valuation range bars.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Visual Hierarchy",
          "slug": "visual-hierarchy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
          "version": 1,
          "bodyDocId": null,
          "description": "Order of perception through Size > Color > Position > Weight > Space",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d3f5-756c-b74f-eb75c0aaf28a",
        "evidence": "Range bars dominate, footnotes recede in tiny gray text.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Von Restorff Effect",
          "slug": "von-restorff-effect",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-beab-73d8-9f62-30d0332e926e",
          "version": 1,
          "bodyDocId": null,
          "description": "Items that stand out are noticed and remembered - make key points visually distinct",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d3ca-77bb-88c8-50d7af7624fc",
        "evidence": "Color-boxed callouts make offer levels stand out.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Waterfall chart",
          "slug": "waterfall-chart",
          "status": "active",
          "bestFor": null,
          "canonId": "e2799da3-725f-44a9-a093-570f1f388e64",
          "version": 1,
          "bodyDocId": null,
          "description": null,
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "5d51b935-001d-4d42-a162-a46724bc582a",
        "evidence": "Waterfall chart showing valuation ranges across different methodologies",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-17 03:30:04.076269+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "List presentation",
          "slug": "list-presentation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1",
          "version": 1,
          "bodyDocId": null,
          "description": "Bulleted, numbered, or checklist enumerations.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "de30ddd6-e186-4b1e-b1d2-32fba2e34696",
        "evidence": "The slide contains a list of bullet points with detailed assumptions for the Net Asset Value Analysis.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-17 03:29:59.928524+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 17,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d552-76de-a773-f4f9fcfe5b49",
        "evidence": "Per-segment labels on each chart wedge/bar.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 18,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d526-707b-a551-7e5f9d0d7a3c",
        "evidence": "Pie/bar charts split MMBbl, MMcf, PV-10.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 18,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Small Multiples",
          "slug": "small-multiples",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b32d-7586-b368-baa1dd388ed4",
          "version": 1,
          "bodyDocId": null,
          "description": "Repeating similar charts for comparison across categories or time",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d4fc-723e-b3b4-e01a0725e367",
        "evidence": "Four parallel charts compare reserve categories side-by-side.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 75,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 18,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Table data",
          "slug": "table-data",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
          "version": 1,
          "bodyDocId": null,
          "description": "Tabular layouts of structured data.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "e736bd5b-c9da-45f7-8fcb-74961502ca97",
        "evidence": "The slide includes a table with Ryder Scott Reserves for various assets.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.8,
        "extraction": {
          "at": "2026-07-17 03:30:00.006117+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 18,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d57d-74cf-96ab-8e226730511e",
        "evidence": "Dense risked-volume table with restrained styling.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 19,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Table data",
          "slug": "table-data",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
          "version": 1,
          "bodyDocId": null,
          "description": "Tabular layouts of structured data.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "5c86911d-8743-47f5-954e-9099069b1e2d",
        "evidence": "The slide presents a table with Risked Volume Potential for MMR's Ultra-Deep Assets.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-17 03:30:00.097267+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 19,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d5d1-7453-a31d-7beedb7b9751",
        "evidence": "Two-way price/discount-rate sensitivity matrix.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 20,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Color Strategy",
          "slug": "color-strategy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
          "version": 1,
          "bodyDocId": null,
          "description": "Using color for emphasis, categories, sentiment, and hierarchy",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d5fc-7458-9de3-7cb0937551f5",
        "evidence": "Banded shading separates price scenarios.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 20,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Contrast Principle",
          "slug": "contrast-principle",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-bf0f-73ae-b9df-e60508cdaa65",
          "version": 1,
          "bodyDocId": null,
          "description": "Higher visual weight draws attention - use contrast strategically for emphasis",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d6a8-72f9-bfa1-52093056dc95",
        "evidence": "MMR highlighted row stands out against peer rows.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 21,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d651-7557-93f9-9dbf79797aab",
        "evidence": "Two compact peer tables, minimal decoration.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 21,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Table data",
          "slug": "table-data",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
          "version": 1,
          "bodyDocId": null,
          "description": "Tabular layouts of structured data.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "89b87d39-f130-45b4-af71-ec309d84d52a",
        "evidence": "The slide contains tables comparing Conventional and Ultra-Deep Assets Trading Peers.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.7,
        "extraction": {
          "at": "2026-07-17 03:30:00.218268+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 21,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d6d3-74e9-ae5d-c4968244babf",
        "evidence": "Single table funnels assumptions to per-share output.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 22,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d728-708d-af81-e6ca7af66c7b",
        "evidence": "Max/Min/Mean/Median rows annotate distribution.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 23,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d6fe-74c4-a8b8-91a82c8d1244",
        "evidence": "Compact deal table with summary stats.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 23,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Table data",
          "slug": "table-data",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
          "version": 1,
          "bodyDocId": null,
          "description": "Tabular layouts of structured data.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "e5e38e3f-c599-41fd-9023-9cde7baebda7",
        "evidence": "The slide includes a table of Selected Precedent Gulf of Mexico Shelf M&A Transactions.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.7,
        "extraction": {
          "at": "2026-07-17 03:30:00.342592+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 23,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d755-7649-a358-2580ebd12d42",
        "evidence": "Gulf Coast Onshore deal table, summary footer.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 24,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Valuation: Precedent transactions",
          "slug": "precedent-transactions",
          "status": "active",
          "bestFor": null,
          "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
          "version": 1,
          "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
          "description": "You apply multiples derived from comparable historical M&A transactions",
          "familyLabel": "valuation-move",
          "categoryName": "Analysis",
          "categorySlug": "analysis"
        },
        "agent": "architect",
        "layer": "slide",
        "agents": [
          "architect"
        ],
        "matchId": "92774cf2-ddd7-43a2-9c49-48fd3402789b",
        "evidence": "Precedent Transactions – Gulf Coast Onshore",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-16 23:20:51.898703+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 24,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d77f-72fd-9bb7-76e1d1f41c2f",
        "evidence": "Two precedent tables side by side, lean styling.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 25,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Valuation: Precedent transactions",
          "slug": "precedent-transactions",
          "status": "active",
          "bestFor": null,
          "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
          "version": 1,
          "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
          "description": "You apply multiples derived from comparable historical M&A transactions",
          "familyLabel": "valuation-move",
          "categoryName": "Analysis",
          "categorySlug": "analysis"
        },
        "agent": "architect",
        "layer": "slide",
        "agents": [
          "architect"
        ],
        "matchId": "7708a095-2aae-4dd0-b0e7-eabc49b18d39",
        "evidence": "Precedent Transactions – GOM Deepwater (Non-Proved) and Ultra-Deep Shelf",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-16 23:20:51.966699+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 25,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d7aa-70f9-a1e4-d9e75ff5be08",
        "evidence": "Resource-potential precedent table.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 26,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Valuation: Precedent transactions",
          "slug": "precedent-transactions",
          "status": "active",
          "bestFor": null,
          "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
          "version": 1,
          "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
          "description": "You apply multiples derived from comparable historical M&A transactions",
          "familyLabel": "valuation-move",
          "categoryName": "Analysis",
          "categorySlug": "analysis"
        },
        "agent": "architect",
        "layer": "slide",
        "agents": [
          "architect"
        ],
        "matchId": "5328ff27-7eb9-425f-9683-6e8808ee2547",
        "evidence": "Precedent Transactions – Ultra-Deep Shelf Value",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-16 23:20:52.031871+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 26,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d7d6-73d2-a78d-3db00acef644",
        "evidence": "Single output table integrating prior precedents.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 27,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Annotation",
          "slug": "annotation",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
          "version": 1,
          "bodyDocId": null,
          "description": "Adding explanatory labels to highlight key data points",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d82c-70c7-a02d-ec4bebcb634e",
        "evidence": "Source footnotes clarify $100M+ filter.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 28,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d800-7543-9674-182419f1a413",
        "evidence": "Corporate M&A deal table with multiples and premiums.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 28,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d855-75c9-b3a2-33797570484a",
        "evidence": "Cash-takeover premium table 1d/5d/1m intervals.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 30,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Authority Bias",
          "slug": "authority-bias",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-c38d-70b9-a284-b2b479763356",
          "version": 1,
          "bodyDocId": null,
          "description": "Expert opinions are weighted more heavily - cite credible sources",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Storyteller",
        "layer": "slide",
        "agents": [
          "Architect",
          "Storyteller"
        ],
        "matchId": "019deab3-d8d6-71ff-9e09-0950a299f036",
        "evidence": "Borrows credibility from named research analysts.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 31,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d8ab-730d-af79-1f5309903bfa",
        "evidence": "Pie chart shows buy/hold/sell distribution.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 75,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 31,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Color Strategy",
          "slug": "color-strategy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
          "version": 1,
          "bodyDocId": null,
          "description": "Using color for emphasis, categories, sentiment, and hierarchy",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d900-733d-86eb-cccbec6a4db3",
        "evidence": "Pie segments color-coded by recommendation.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 31,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Color Strategy",
          "slug": "color-strategy",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
          "version": 1,
          "bodyDocId": null,
          "description": "Using color for emphasis, categories, sentiment, and hierarchy",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d92a-7132-bb8d-658efb8594ae",
        "evidence": "Banded scenario columns Low/High.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 55,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 32,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d9ab-7567-8887-9c218aa50990",
        "evidence": "Two-way sensitivity tables (rate vs price deck).",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 34,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-d9d5-7648-aeed-0febe991b96a",
        "evidence": "Long horizontal projection table.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 60,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 34,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-da01-750b-932a-e99034893f22",
        "evidence": "Same sensitivity matrices applied unrisked for comparison.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 35,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Chart Selection Guide",
          "slug": "chart-selection-guide",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
          "version": 1,
          "bodyDocId": null,
          "description": "Choosing the right chart type for your data and message",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-da7f-7597-8c88-45982ae542fc",
        "evidence": "Two-way sensitivity tables fit DCF stress-testing.",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 37,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Data-Ink Ratio",
          "slug": "data-ink-ratio",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
          "version": 1,
          "bodyDocId": null,
          "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
          "familyLabel": null,
          "categoryName": "Slide",
          "categorySlug": "slide"
        },
        "agent": "Designer",
        "layer": "slide",
        "agents": [
          "Designer"
        ],
        "matchId": "019deab3-da56-71d8-954f-3093369e9940",
        "evidence": "DCF projection plus WACC/exit-multiple sensitivity tables.",
        "pageRefs": null,
        "priority": "Core",
        "whenToUse": null,
        "confidence": 65,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 37,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Table data",
          "slug": "table-data",
          "status": "active",
          "bestFor": null,
          "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
          "version": 1,
          "bodyDocId": null,
          "description": "Tabular layouts of structured data.",
          "familyLabel": null,
          "categoryName": null,
          "categorySlug": null
        },
        "agent": null,
        "layer": "slide",
        "agents": null,
        "matchId": "c46c9af5-3bdf-48f9-b267-05818e04c905",
        "evidence": "table/scenario: Perpetuity Growth Rate Sensitivity",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.7,
        "extraction": {
          "at": "2026-07-16 23:20:41.893965+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 37,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": "common",
        "narrativePurpose": null
      },
      {
        "tool": {
          "name": "Valuation: DCF",
          "slug": "dcf",
          "status": "active",
          "bestFor": null,
          "canonId": "019df269-2031-7273-9014-0c70beb91e11",
          "version": 1,
          "bodyDocId": "019df269-200e-76ea-8883-6ee35d39c836",
          "description": "You project free cash flows over an explicit forecast period (typically",
          "familyLabel": "valuation-move",
          "categoryName": "Analysis",
          "categorySlug": "analysis"
        },
        "agent": "architect",
        "layer": "slide",
        "agents": [
          "architect"
        ],
        "matchId": "7829b265-60fd-4c77-b6e8-76591bad684f",
        "evidence": "Unrisked Discounted Cash Flow Analysis",
        "pageRefs": null,
        "priority": null,
        "whenToUse": null,
        "confidence": 0.9,
        "extraction": {
          "at": "2026-07-16 23:20:41.82659+00",
          "model": "or:meta-llama/llama-4-scout",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 37,
        "whyItWorks": null,
        "antipattern": null,
        "cardinality": null,
        "narrativePurpose": null
      }
    ],
    "frameworks": [
      {
        "matchId": "019deab3-daaa-761b-a6fb-b7c1b4a00cde",
        "evidence": "Twelve dated event callouts mapped to price line.",
        "framework": null,
        "confidence": 80,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 10,
        "frameworkName": "Annotated event timeline"
      },
      {
        "matchId": "019deab3-dad7-7003-8eae-59aeed6d7ae5",
        "evidence": "Table enumerates NAV, Peer, Precedent, Analyst, Risked NAV.",
        "framework": null,
        "confidence": 85,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 14,
        "frameworkName": "Five-methodology valuation framework"
      },
      {
        "matchId": "019deab3-db01-7109-ac82-f953aafaa484",
        "evidence": "Stacked range bars per method with offer reference lines.",
        "framework": null,
        "confidence": 90,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "frameworkName": "Football-field valuation summary"
      },
      {
        "matchId": "019deab3-db2d-709e-afc6-d68f1cee4394",
        "evidence": "Brief and visual style describe waterfall layout of ranges.",
        "framework": null,
        "confidence": 70,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 15,
        "frameworkName": "Waterfall chart"
      },
      {
        "matchId": "019deab3-db58-73b9-8620-a12b008c8869",
        "evidence": "Ryder Scott estimates split by category and product mix.",
        "framework": null,
        "confidence": 78,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 18,
        "frameworkName": "Reserve categorization (1P/2P/3P, proved vs probable)"
      },
      {
        "matchId": "019deab3-db82-777c-b08c-731deb67c9c1",
        "evidence": "Two-way matrix of NYMEX strip vs discount rates.",
        "framework": null,
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 20,
        "frameworkName": "Scenario / sensitivity analysis"
      },
      {
        "matchId": "019deab3-dbac-71a7-a0be-b0e45ca19953",
        "evidence": "Conventional and Ultra-Deep peer multiples vs MMR row.",
        "framework": null,
        "confidence": 85,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 21,
        "frameworkName": "Peer group benchmarking"
      },
      {
        "matchId": "019deab3-dbd7-737f-bada-caed70eaccea",
        "evidence": "Historical GoM Shelf M&A deals with implied multiples.",
        "framework": null,
        "confidence": 90,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 23,
        "frameworkName": "Precedent transactions"
      },
      {
        "matchId": "019deab3-dc02-763c-a2ca-735369805d25",
        "evidence": "Corporate M&A deal table with multiples and premiums.",
        "framework": null,
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 28,
        "frameworkName": "Precedent corporate M&A"
      },
      {
        "matchId": "019deab3-dc2c-747f-afb0-6a794807ba9a",
        "evidence": "1-day/5-day/1-month takeover-premium benchmarks.",
        "framework": null,
        "confidence": 82,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 30,
        "frameworkName": "Takeover premium analysis"
      },
      {
        "matchId": "019deab3-dc58-7236-8191-b94f3ec0265c",
        "evidence": "Pie chart of buy/hold/sell plus price-target table.",
        "framework": null,
        "confidence": 75,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 31,
        "frameworkName": "Analyst recommendation distribution"
      },
      {
        "matchId": "019deab3-dc84-719c-bf39-860a223738ef",
        "evidence": "Risked ORRI value across discount rates and price decks.",
        "framework": null,
        "confidence": 82,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 34,
        "frameworkName": "Scenario / sensitivity analysis"
      },
      {
        "matchId": "019deab3-dcad-70fb-ba25-86f98ad5f627",
        "evidence": "Unrisked ORRI sensitivity matrices mirror p.34.",
        "framework": null,
        "confidence": 82,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 35,
        "frameworkName": "Scenario / sensitivity analysis"
      },
      {
        "matchId": "019deab3-dcd8-732a-92db-c9589779a78a",
        "evidence": "Cash-flow projection, EV calc, WACC/exit-multiple sensitivities.",
        "framework": null,
        "confidence": 88,
        "extraction": {
          "at": "2026-05-02 21:59:04.697852+00",
          "model": "claude-cli",
          "runId": null,
          "seconds": null,
          "promptVersion": null
        },
        "pageNumber": 37,
        "frameworkName": "Discounted Cash Flow (DCF)"
      }
    ],
    "patterns": []
  },
  "storymakers": {
    "model": "claude-cli",
    "backend": "claude",
    "rawJson": {
      "arc": {
        "id": 1,
        "slug": "consultants-gambit",
        "beats": [
          {
            "name": "Situation & Context",
            "end_page": 7,
            "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
            "position": 1,
            "start_page": 1
          },
          {
            "name": "Problem & Complication",
            "end_page": 12,
            "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
            "position": 2,
            "start_page": 8
          },
          {
            "name": "Solution & Approach",
            "end_page": 14,
            "evidence": "Section divider plus table of 5 valuation methodologies.",
            "position": 3,
            "start_page": 13
          },
          {
            "name": "Evidence & Proof",
            "end_page": 35,
            "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
            "position": 4,
            "start_page": 15
          }
        ],
        "evidence": "Classic banker fairness opinion: scope set on p.4, situation pp.8-12, methodology pp.13-14, evidence pp.15-35.",
        "confidence": 88
      },
      "loops": [
        {
          "id": 33,
          "slug": "33-build-up",
          "end_page": 7,
          "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
          "position": 1,
          "objective": "Build up the merger consideration and frame the fairness question",
          "confidence": 78,
          "start_page": 4
        },
        {
          "id": 6,
          "slug": "06-zoom-in",
          "end_page": 12,
          "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
          "position": 2,
          "objective": "Zoom from McMoRan overview into share-price events and projections",
          "confidence": 80,
          "start_page": 9
        },
        {
          "id": 35,
          "slug": "35-scenario-fork",
          "end_page": 15,
          "evidence": "Methodology table p.14 then waterfall/football-field p.15 plotting each method's range vs. offer.",
          "position": 3,
          "objective": "Lay out the five valuation lenses and synthesize them in a football-field summary",
          "confidence": 85,
          "start_page": 14
        },
        {
          "id": 52,
          "slug": "52-sensitivity-test",
          "end_page": 20,
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "start_page": 16
        },
        {
          "id": 39,
          "slug": "39-benchmark-gap",
          "end_page": 22,
          "evidence": "Conventional and ultra-deep peer tables with MMR row highlighted then valuation summary.",
          "position": 5,
          "objective": "Benchmark MMR against trading peers to derive an implied per-share value",
          "confidence": 84,
          "start_page": 21
        },
        {
          "id": 9,
          "slug": "09-precedent",
          "end_page": 30,
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "start_page": 23
        },
        {
          "id": 35,
          "slug": "35-scenario-fork",
          "end_page": 35,
          "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
          "position": 7,
          "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
          "confidence": 70,
          "start_page": 32
        }
      ],
      "slide_tools": [
        {
          "tools": [
            {
              "id": 3,
              "slug": "pyramid-principle",
              "layer": "Block",
              "evidence": "TOC lists 3 main sections plus appendix top-down.",
              "confidence": 70
            },
            {
              "id": 16,
              "slug": "three-pillars",
              "layer": "Block",
              "evidence": "Three numbered sections structure the deck.",
              "confidence": 75
            },
            {
              "id": 120,
              "slug": "headline-test",
              "layer": "Slide",
              "evidence": "Section titles convey shape of argument.",
              "confidence": 60
            }
          ],
          "page_number": 2
        },
        {
          "tools": [
            {
              "id": 33,
              "slug": "33-build-up",
              "layer": "Loop",
              "evidence": "Cash plus ORRI units summed into total consideration.",
              "confidence": 75
            },
            {
              "id": 1,
              "slug": "scqa-framework",
              "layer": "Block",
              "evidence": "Scope of Assignment paragraph frames Situation+Question.",
              "confidence": 70
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Three exhaustive sections: Merger Consideration, Implied Multiples, Premium Analysis.",
              "confidence": 78
            },
            {
              "id": 3,
              "slug": "pyramid-principle",
              "layer": "Block",
              "evidence": "Answer-first table of merger terms before details.",
              "confidence": 72
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense table with minimal chartjunk, alternating row shading.",
              "confidence": 70
            }
          ],
          "page_number": 4
        },
        {
          "tools": [
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Term categories partitioned: structure, financing, conditions, fees.",
              "confidence": 78
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Terms grouped into labelled blocks for scanning.",
              "confidence": 70
            }
          ],
          "page_number": 5
        },
        {
          "tools": [
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "ORRI terms split into royalty %, term, options, costs, drilling obligations.",
              "confidence": 75
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Right-column term blocks paired to labels.",
              "confidence": 68
            }
          ],
          "page_number": 6
        },
        {
          "tools": [
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Bulleted list of evaluation steps covers process exhaustively.",
              "confidence": 70
            },
            {
              "id": 18,
              "slug": "issue-tree",
              "layer": "Block",
              "evidence": "Due-diligence categories implicitly cover key questions.",
              "confidence": 55
            }
          ],
          "page_number": 7
        },
        {
          "tools": [
            {
              "id": 6,
              "slug": "06-zoom-in",
              "layer": "Loop",
              "evidence": "Big-picture overview opens the loop.",
              "confidence": 75
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Company snapshot on left, peer/price chart on right.",
              "confidence": 65
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Stock chart annotated with peer and gas-price comparisons.",
              "confidence": 65
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Compact valuation-multiples table.",
              "confidence": 60
            }
          ],
          "page_number": 9
        },
        {
          "tools": [
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Twelve dated event callouts overlay price line.",
              "confidence": 92
            },
            {
              "id": 86,
              "slug": "causal-chain",
              "layer": "Loop",
              "evidence": "Sequential corporate events mapped to share-price reaction.",
              "confidence": 70
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Dual-axis line+area chart fits price-volume narrative.",
              "confidence": 70
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Bold dates, dashed event markers, secondary volume area.",
              "confidence": 60
            }
          ],
          "page_number": 10
        },
        {
          "tools": [
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Assumptions grouped into seven labelled lists.",
              "confidence": 65
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Categories cover operations, costs, taxes, financing distinctly.",
              "confidence": 60
            }
          ],
          "page_number": 11
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Banded multi-year projection table, restrained styling.",
              "confidence": 65
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Rows grouped by production / pricing / revenue / EBITDAX / FCF.",
              "confidence": 55
            }
          ],
          "page_number": 12
        },
        {
          "tools": [
            {
              "id": 35,
              "slug": "35-scenario-fork",
              "layer": "Loop",
              "evidence": "Five valuation lenses introduced with assumptions per method.",
              "confidence": 80
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Methodologies are distinct and span market/intrinsic/transaction views.",
              "confidence": 82
            },
            {
              "id": 19,
              "slug": "hypothesis-driven-structure",
              "layer": "Block",
              "evidence": "Each row stages a methodology before evidence is shown later.",
              "confidence": 70
            },
            {
              "id": 118,
              "slug": "action-titles",
              "layer": "Slide",
              "evidence": "Methodology column states the approach succinctly.",
              "confidence": 55
            }
          ],
          "page_number": 14
        },
        {
          "tools": [
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Football-field/waterfall ranges chosen for cross-method valuation.",
              "confidence": 88
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Three dashed lines annotate cash, risked, and unrisked offer levels.",
              "confidence": 90
            },
            {
              "id": 130,
              "slug": "color-strategy",
              "layer": "Slide",
              "evidence": "Distinct hues per methodology category along the x-axis.",
              "confidence": 80
            },
            {
              "id": 158,
              "slug": "von-restorff-effect",
              "layer": "Slide",
              "evidence": "Color-boxed callouts make offer levels stand out.",
              "confidence": 70
            },
            {
              "id": 132,
              "slug": "visual-hierarchy",
              "layer": "Slide",
              "evidence": "Range bars dominate, footnotes recede in tiny gray text.",
              "confidence": 78
            },
            {
              "id": 159,
              "slug": "contrast-principle",
              "layer": "Slide",
              "evidence": "Offer dashed lines contrast against valuation range bars.",
              "confidence": 70
            }
          ],
          "page_number": 15
        },
        {
          "tools": [
            {
              "id": 52,
              "slug": "52-sensitivity-test",
              "layer": "Loop",
              "evidence": "Lays base assumptions before sensitivity output.",
              "confidence": 78
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Production, rig program, cost categories partitioned.",
              "confidence": 65
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Three labelled assumption blocks.",
              "confidence": 65
            }
          ],
          "page_number": 16
        },
        {
          "tools": [
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Long assumption list grouped under 13 headings.",
              "confidence": 60
            },
            {
              "id": 62,
              "slug": "cognitive-load",
              "layer": "Block",
              "evidence": "Slide is overcrowded with cost and tax minutiae.",
              "confidence": 45
            }
          ],
          "page_number": 17
        },
        {
          "tools": [
            {
              "id": 133,
              "slug": "small-multiples",
              "layer": "Slide",
              "evidence": "Four parallel charts compare reserve categories side-by-side.",
              "confidence": 75
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Pie/bar charts split MMBbl, MMcf, PV-10.",
              "confidence": 70
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Per-segment labels on each chart wedge/bar.",
              "confidence": 60
            }
          ],
          "page_number": 18
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Dense risked-volume table with restrained styling.",
              "confidence": 65
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Offshore vs onshore, prospects vs discoveries split.",
              "confidence": 60
            }
          ],
          "page_number": 19
        },
        {
          "tools": [
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Two-way price/discount-rate sensitivity matrix.",
              "confidence": 78
            },
            {
              "id": 130,
              "slug": "color-strategy",
              "layer": "Slide",
              "evidence": "Banded shading separates price scenarios.",
              "confidence": 60
            },
            {
              "id": 69,
              "slug": "framing-effect",
              "layer": "Block",
              "evidence": "Range framed across NYMEX strip and stress decks.",
              "confidence": 50
            }
          ],
          "page_number": 20
        },
        {
          "tools": [
            {
              "id": 39,
              "slug": "39-benchmark-gap",
              "layer": "Loop",
              "evidence": "MMR row contrasted against peer means and medians.",
              "confidence": 82
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Two compact peer tables, minimal decoration.",
              "confidence": 70
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Conventional vs Ultra-Deep peer groupings.",
              "confidence": 65
            },
            {
              "id": 159,
              "slug": "contrast-principle",
              "layer": "Slide",
              "evidence": "MMR highlighted row stands out against peer rows.",
              "confidence": 65
            }
          ],
          "page_number": 21
        },
        {
          "tools": [
            {
              "id": 33,
              "slug": "33-build-up",
              "layer": "Loop",
              "evidence": "Bridges EV through cash/debt/preferred to equity per share.",
              "confidence": 65
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Single table funnels assumptions to per-share output.",
              "confidence": 65
            }
          ],
          "page_number": 22
        },
        {
          "tools": [
            {
              "id": 9,
              "slug": "09-precedent",
              "layer": "Loop",
              "evidence": "GoM Shelf precedent transactions opens precedent loop.",
              "confidence": 88
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Compact deal table with summary stats.",
              "confidence": 65
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Max/Min/Mean/Median rows annotate distribution.",
              "confidence": 55
            }
          ],
          "page_number": 23
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Gulf Coast Onshore deal table, summary footer.",
              "confidence": 65
            }
          ],
          "page_number": 24
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Two precedent tables side by side, lean styling.",
              "confidence": 60
            }
          ],
          "page_number": 25
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Resource-potential precedent table.",
              "confidence": 60
            }
          ],
          "page_number": 26
        },
        {
          "tools": [
            {
              "id": 33,
              "slug": "33-build-up",
              "layer": "Loop",
              "evidence": "Sums asset-class precedent values into equity per share.",
              "confidence": 65
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Single output table integrating prior precedents.",
              "confidence": 60
            }
          ],
          "page_number": 27
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Corporate M&A deal table with multiples and premiums.",
              "confidence": 60
            },
            {
              "id": 138,
              "slug": "annotation",
              "layer": "Slide",
              "evidence": "Source footnotes clarify $100M+ filter.",
              "confidence": 55
            }
          ],
          "page_number": 28
        },
        {
          "tools": [
            {
              "id": 33,
              "slug": "33-build-up",
              "layer": "Loop",
              "evidence": "EV multiples translated into equity per share via bridge.",
              "confidence": 60
            }
          ],
          "page_number": 29
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Cash-takeover premium table 1d/5d/1m intervals.",
              "confidence": 60
            },
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Premium time windows chunked into columns.",
              "confidence": 55
            }
          ],
          "page_number": 30
        },
        {
          "tools": [
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Pie chart shows buy/hold/sell distribution.",
              "confidence": 75
            },
            {
              "id": 169,
              "slug": "authority-bias",
              "layer": "Slide",
              "evidence": "Borrows credibility from named research analysts.",
              "confidence": 70
            },
            {
              "id": 130,
              "slug": "color-strategy",
              "layer": "Slide",
              "evidence": "Pie segments color-coded by recommendation.",
              "confidence": 55
            }
          ],
          "page_number": 31
        },
        {
          "tools": [
            {
              "id": 35,
              "slug": "35-scenario-fork",
              "layer": "Loop",
              "evidence": "JV NAV under low and high commodity scenarios.",
              "confidence": 72
            },
            {
              "id": 130,
              "slug": "color-strategy",
              "layer": "Slide",
              "evidence": "Banded scenario columns Low/High.",
              "confidence": 55
            }
          ],
          "page_number": 32
        },
        {
          "tools": [
            {
              "id": 116,
              "slug": "chunking",
              "layer": "Loop",
              "evidence": "Three labelled assumption groups for ORRI.",
              "confidence": 60
            },
            {
              "id": 2,
              "slug": "mece-principle",
              "layer": "Block",
              "evidence": "Technical, operational, financial categories partitioned.",
              "confidence": 55
            }
          ],
          "page_number": 33
        },
        {
          "tools": [
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Two-way sensitivity tables (rate vs price deck).",
              "confidence": 70
            },
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "Long horizontal projection table.",
              "confidence": 60
            }
          ],
          "page_number": 34
        },
        {
          "tools": [
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Same sensitivity matrices applied unrisked for comparison.",
              "confidence": 70
            },
            {
              "id": 78,
              "slug": "contrast-pairs",
              "layer": "Loop",
              "evidence": "Risked p.34 vs unrisked p.35 mirrored layout.",
              "confidence": 60
            }
          ],
          "page_number": 35
        },
        {
          "tools": [
            {
              "id": 125,
              "slug": "data-ink-ratio",
              "layer": "Slide",
              "evidence": "DCF projection plus WACC/exit-multiple sensitivity tables.",
              "confidence": 65
            },
            {
              "id": 129,
              "slug": "chart-selection-guide",
              "layer": "Slide",
              "evidence": "Two-way sensitivity tables fit DCF stress-testing.",
              "confidence": 65
            }
          ],
          "page_number": 37
        }
      ],
      "slides_seen": 37,
      "deck_summary": "Textbook banker fairness opinion that follows the Consultant's Gambit structurally (situation, methodology, evidence) but skips an explicit recommendation/CTA so the Storymakers alignment is structural rather than narrative.",
      "secondary_arcs": [
        {
          "id": 11,
          "slug": "triple-take",
          "beats": [
            {
              "name": "The Facts (What)",
              "end_page": 7,
              "evidence": "Merger consideration and term tables.",
              "position": 1,
              "start_page": 4
            },
            {
              "name": "The Implications (So What)",
              "end_page": 12,
              "evidence": "Stock performance and projection context.",
              "position": 2,
              "start_page": 9
            },
            {
              "name": "The Action (Now What)",
              "end_page": 15,
              "evidence": "Methodology choice plus football-field convergence on offer.",
              "position": 3,
              "start_page": 14
            }
          ],
          "evidence": "Facts (terms p.4), implications (situation p.9-12), action (valuation summary p.15) loosely fits.",
          "confidence": 55
        }
      ],
      "images_inspected": 4,
      "slide_frameworks": [
        {
          "frameworks": [
            {
              "name": "Annotated event timeline",
              "slug": "event-timeline",
              "evidence": "Twelve dated event callouts mapped to price line.",
              "confidence": 80
            }
          ],
          "page_number": 10
        },
        {
          "frameworks": [
            {
              "name": "Five-methodology valuation framework",
              "slug": "valuation-methodologies",
              "evidence": "Table enumerates NAV, Peer, Precedent, Analyst, Risked NAV.",
              "confidence": 85
            }
          ],
          "page_number": 14
        },
        {
          "frameworks": [
            {
              "name": "Football-field valuation summary",
              "slug": "football-field",
              "evidence": "Stacked range bars per method with offer reference lines.",
              "confidence": 90
            },
            {
              "name": "Waterfall chart",
              "slug": "waterfall-chart",
              "evidence": "Brief and visual style describe waterfall layout of ranges.",
              "confidence": 70
            }
          ],
          "page_number": 15
        },
        {
          "frameworks": [
            {
              "name": "Reserve categorization (1P/2P/3P, proved vs probable)",
              "slug": "reserve-categories",
              "evidence": "Ryder Scott estimates split by category and product mix.",
              "confidence": 78
            }
          ],
          "page_number": 18
        },
        {
          "frameworks": [
            {
              "name": "Scenario / sensitivity analysis",
              "slug": "scenario-analysis",
              "evidence": "Two-way matrix of NYMEX strip vs discount rates.",
              "confidence": 88
            }
          ],
          "page_number": 20
        },
        {
          "frameworks": [
            {
              "name": "Peer group benchmarking",
              "slug": "peer-benchmark",
              "evidence": "Conventional and Ultra-Deep peer multiples vs MMR row.",
              "confidence": 85
            }
          ],
          "page_number": 21
        },
        {
          "frameworks": [
            {
              "name": "Precedent transactions",
              "slug": "precedent-transaction",
              "evidence": "Historical GoM Shelf M&A deals with implied multiples.",
              "confidence": 90
            }
          ],
          "page_number": 23
        },
        {
          "frameworks": [
            {
              "name": "Precedent corporate M&A",
              "slug": "precedent-transaction",
              "evidence": "Corporate M&A deal table with multiples and premiums.",
              "confidence": 88
            }
          ],
          "page_number": 28
        },
        {
          "frameworks": [
            {
              "name": "Takeover premium analysis",
              "slug": "takeover-premium",
              "evidence": "1-day/5-day/1-month takeover-premium benchmarks.",
              "confidence": 82
            }
          ],
          "page_number": 30
        },
        {
          "frameworks": [
            {
              "name": "Analyst recommendation distribution",
              "slug": "analyst-recommendations",
              "evidence": "Pie chart of buy/hold/sell plus price-target table.",
              "confidence": 75
            }
          ],
          "page_number": 31
        },
        {
          "frameworks": [
            {
              "name": "Scenario / sensitivity analysis",
              "slug": "scenario-analysis",
              "evidence": "Risked ORRI value across discount rates and price decks.",
              "confidence": 82
            }
          ],
          "page_number": 34
        },
        {
          "frameworks": [
            {
              "name": "Scenario / sensitivity analysis",
              "slug": "scenario-analysis",
              "evidence": "Unrisked ORRI sensitivity matrices mirror p.34.",
              "confidence": 82
            }
          ],
          "page_number": 35
        },
        {
          "frameworks": [
            {
              "name": "Discounted Cash Flow (DCF)",
              "slug": "dcf",
              "evidence": "Cash-flow projection, EV calc, WACC/exit-multiple sensitivities.",
              "confidence": 88
            }
          ],
          "page_number": 37
        }
      ]
    },
    "matchedAt": "2026-05-02 21:59:04.886+00",
    "slidesSeen": 37,
    "deckSummary": "Textbook banker fairness opinion that follows the Consultant's Gambit structurally (situation, methodology, evidence) but skips an explicit recommendation/CTA so the Storymakers alignment is structural rather than narrative.",
    "imagesInspected": 4,
    "extractionSeconds": 352.187
  },
  "score": {
    "backend": "codex",
    "scoredAt": "2026-05-03 00:17:16.765+00",
    "subScores": {
      "scqa_arc": 45,
      "action_titles": 18,
      "mece_structure": 72,
      "closing_strength": 18,
      "evidence_quality": 90,
      "clarity_of_thesis": 50,
      "production_quality": 67,
      "visual_storytelling": 68
    },
    "totalScore": 54,
    "coveragePct": 100,
    "explanations": {
      "scqa_arc": "Slides 4-12 establish situation and transaction context, but the deck skips a crisp complication/question and moves into valuation workpapers from slide 14 onward.",
      "action_titles": "Titles are overwhelmingly topic labels rather than insights, e.g. slide 15 is titled \"Financial Analysis\" instead of stating the valuation conclusion.",
      "mece_structure": "The top-level sections in slides 3, 8, and 13 separate transaction terms, situation context, and financial analysis cleanly, but the long valuation section blends core story, methods, and appendix-style proof.",
      "closing_strength": "The deck ends with an appendix divider and DCF exhibit on slides 36-37, with no synthesized recommendation, decision ask, or next steps.",
      "evidence_quality": "Claims are heavily supported by transaction terms, projections, reserve data, peer comps, precedents, analyst targets, and sensitivity tables across slides 14-35.",
      "clarity_of_thesis": "Slides 1-5 make the assignment and proposed transaction identifiable, but the central answer is not stated declaratively and is left implicit in the Transaction Overview and merger terms.",
      "production_quality": "The banking template is consistent and footnote/data discipline appears strong, but sparse action-title discipline and dense tables such as slides 17 and 19 weaken polish.",
      "visual_storytelling": "The deck uses appropriate finance tools such as the stock timeline on slide 10, valuation range/waterfall on slide 15, and sensitivity/peer tables, but many slides read as data exhibits rather than message-led visuals."
    },
    "slidesAnalyzed": 37
  },
  "review": {
    "backend": "claude",
    "verdict": "A textbook Evercore fairness-opinion pitch book — legally defensible and well-organized as a reference, but a weak Storymakers exemplar because it never states its answer, leads with the analysis instead of the conclusion, and ends in a spreadsheet.",
    "reviewedAt": "2026-05-02 22:00:39.798+00",
    "slidesSeen": 37,
    "suggestions": [
      "Add an answer-first slide as slide 3 stating the fairness conclusion and implied value range, then let the methodologies support it.",
      "Rewrite every section divider and exhibit title as a declarative sentence — e.g., slide 15 from 'Financial Analysis' to 'Five methodologies converge on a $X-Y/share fair value range, bracketing the offer.'",
      "Replace the trailing appendix dump with a closing 'Recommendation & Next Steps' slide before the appendix divider; move slide 37 DCF behind it.",
      "Collapse the six precedent-transaction tables (23-30) into one synthesis slide with a callout sentence per region, and push the detail tables into the appendix.",
      "Add a one-sentence 'so-what' annotation on each financial analysis slide (15, 18, 20, 22, 27, 31) so each exhibit carries an insight, not just a number."
    ],
    "closingScore": 22,
    "openingScore": 28,
    "topStrengths": [
      "Clear three-part scaffolding with explicit section dividers (slides 3, 8, 13) and a TOC (slide 2) makes the deck easy to navigate as a reference document.",
      "Slide 10 'Historical Share Trading Performance' uses an event-annotated timeline framework — the one slide that comes closest to telling a story.",
      "Slide 15 waterfall of valuation methodologies is a strong synthesis exhibit that, with a better title, could carry the whole deck."
    ],
    "topWeaknesses": [
      "Zero action titles across 37 slides — every title is a noun phrase ('Transaction Overview', 'Summary Financial Projections', 'Net Asset Value Analysis – Price Sensitivity').",
      "No thesis or 'answer-first' slide in the opening — the fairness conclusion is never explicitly stated; it is implied by the methodology stack.",
      "Ends in an appendix DCF table (slide 37) rather than a recommendation; the close is the weakest moment of the deck.",
      "Six consecutive precedent-transaction slides (23-30) read as a data dump with no pull-quote or so-what annotation tying them back to the fairness question."
    ],
    "narrativeScore": 42,
    "pillarCritique": "The three section dividers (Transaction Overview, Situation Analysis, Financial Analysis) are MECE in the boilerplate IB sense but they are function labels, not insight pillars — they tell the reader what kind of work was done, not what was learned.",
    "closingCritique": "The last five non-appendix slides (31-35) are analyst price targets, an NAV JV analysis, and three ORRI projection/sensitivity tables, then the deck fades into an Appendix divider and a DCF table (slide 37). There is no recommendation slide, no fairness conclusion, no call to action — it ends mid-spreadsheet.",
    "openingCritique": "First five slides are cover, TOC, section divider, then a 'Transaction Overview' data table and a 'Summary of Selected Proposed Merger Agreement Terms' table — no thesis, no stakes, no hook. A reader has to infer the question (is the price fair?) rather than being told it.",
    "extractionSeconds": 67.814,
    "narrativeCritique": "The deck follows the canonical IB three-act wrapper (Transaction Overview → Situation Analysis → Financial Analysis) but reads as an analytical reference, not a story arc — there is a 'situation' (slides 9-10) and a 'how we valued it' analysis, but no explicit complication, no stated answer, and no resolution slide tying methodologies to a recommendation.",
    "titleQualityScore": 15,
    "titleQualityCritique": "Effectively every title is a topic label, not an action title — e.g., slide 15 'Financial Analysis' (the answer slide of the whole deck) and slide 27 'Precedent Transactions – Valuation Summary' should declare the implied value range; instead they merely name the exhibit."
  },
  "activistThesis": null,
  "pitchdeck": {
    "metadata": null,
    "profile": null
  },
  "slides": [
    {
      "page": 1,
      "type": "setup",
      "function": "front_matter",
      "imagePath": "https://imgproxy.kitesheet.com/4929_lqEcna-zdtYYTVUwucDZNKY6psKEX-wQFAIslk/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZjAxMzg2ZjA5ZGU4ZmQ0MzlkOTU3ODQ0MGQyZjFjMy9wMDAxLmpwZw",
      "rawType": "cover",
      "block": null,
      "metadata": {
        "slideType": "cover",
        "slideTypeCanon": {
          "name": "Cover",
          "slug": "cover",
          "status": "active",
          "canonId": "019de52d-05f2-729d-9f93-e0504f0a2410",
          "version": 1,
          "description": null
        },
        "function": "front_matter",
        "functionCanon": {
          "name": "Front matter",
          "slug": "front_matter",
          "status": "active",
          "canonId": "019de52d-133d-73f0-9e26-201eda96b098",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 21,
        "componentCount": 5,
        "textChars": 167,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:48.59+00",
          "seconds": 2.286,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/1",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-1",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.066,
            "y": 0.84
          },
          "kind": "image",
          "text": "EVERCORE PARTNERS",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Image",
              "slug": "image",
              "status": "active",
              "canonId": "019de52c-f978-701f-a720-51d029d769e7",
              "version": 1,
              "description": "Photo, illustration, screenshot or icon."
            },
            "tool": null,
            "subkind": {
              "name": "Logo",
              "slug": "logo",
              "status": "active",
              "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "logo",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a6d42a73-3dbc-4897-a482-402aedddda63",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.08,
            "w": 0.12,
            "x": 0.82,
            "y": 0.82
          },
          "kind": "image",
          "text": "McMoRan",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Image",
              "slug": "image",
              "status": "active",
              "canonId": "019de52c-f978-701f-a720-51d029d769e7",
              "version": 1,
              "description": "Photo, illustration, screenshot or icon."
            },
            "tool": null,
            "subkind": {
              "name": "Logo",
              "slug": "logo",
              "status": "active",
              "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "logo",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "cc2ef56e-7c3d-4c05-99ca-3f47f119ef75",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.025,
            "w": 0.4,
            "x": 0.066,
            "y": 0.425
          },
          "kind": "paragraph",
          "text": "Fairness Opinion Discussion Materials",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "136566f1-b762-4956-9bd2-98d0d9e96839",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.025,
            "w": 0.2,
            "x": 0.066,
            "y": 0.465
          },
          "kind": "paragraph",
          "text": "December 4, 2012",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "74628efc-92de-4137-9f30-106178039b3d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.06,
            "w": 0.65,
            "x": 0.066,
            "y": 0.338
          },
          "kind": "title",
          "text": "Presentation to the Special Committee of the Board of Directors of McMoRan Exploration Co.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a43f286e-b308-4411-aeba-4e8724076f27",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "thumbSrc": "https://imgproxy.kitesheet.com/3Lzy-yCKiDmYjwxR0MjOlpfjL8rk48bvEhUtw3rpnlE/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZjAxMzg2ZjA5ZGU4ZmQ0MzlkOTU3ODQ0MGQyZjFjMy9wMDAxLmpwZw",
      "imagePathAlt": "https://imgproxy.kitesheet.com/BfGoMLkRl_CjENi1gIMu3x4clJy-ly5CXy8FPfTRB7U/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZjAxMzg2ZjA5ZGU4ZmQ0MzlkOTU3ODQ0MGQyZjFjMy9wMDAxLnBuZw",
      "thumbSrcAlt": "https://imgproxy.kitesheet.com/8vneQ8iXItIUL-3a6kwcIFF9qH73RMhzDjHRlSZ0_Zo/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iZjAxMzg2ZjA5ZGU4ZmQ0MzlkOTU3ODQ0MGQyZjFjMy9wMDAxLnBuZw"
    },
    {
      "page": 2,
      "type": "setup",
      "function": "front_matter",
      "rawType": "table_of_contents",
      "block": null,
      "metadata": {
        "slideType": "table_of_contents",
        "slideTypeCanon": {
          "name": "Table of contents",
          "slug": "table_of_contents",
          "status": "active",
          "canonId": "019de52d-0643-721b-9b85-69676bb85cf8",
          "version": 1,
          "description": null
        },
        "function": "front_matter",
        "functionCanon": {
          "name": "Front matter",
          "slug": "front_matter",
          "status": "active",
          "canonId": "019de52d-133d-73f0-9e26-201eda96b098",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 8,
        "componentCount": 3,
        "textChars": 92,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:48.569+00",
          "seconds": 2.265,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/2",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-2",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.15,
            "w": 0.03,
            "x": 0.78,
            "y": 0.16
          },
          "kind": "list",
          "text": "I\nII\nIII",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.569+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "0134b4eb-edbd-4fcf-98fa-722029393474",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.25,
            "w": 0.2,
            "x": 0.12,
            "y": 0.16
          },
          "kind": "list",
          "text": "Transaction Overview\nSituation Analysis\nFinancial Analysis\nAppendix",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.569+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "61d2b87c-4416-48ca-bc0e-bd44e1620d15",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.22,
            "x": 0.07,
            "y": 0.02
          },
          "kind": "title",
          "text": "Table of Contents",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.569+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "985b4394-0657-413f-afcf-e8110219f350",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Pyramid Principle",
            "slug": "pyramid-principle",
            "status": "active",
            "bestFor": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
            "canonId": "019dd956-7cbd-7219-a477-c871e2bc1aff",
            "version": 1,
            "bodyDocId": "88b6ac56-b880-46f9-8621-ef3491ab6235",
            "description": "Lead with the answer; group three to five MECE supports beneath it; recurse one level down. Top-down hierarchical structure for any document with a single recommendation.",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cec1-7188-bacf-74a9a77ba413",
          "evidence": "TOC lists 3 main sections plus appendix top-down.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 2,
          "whyItWorks": "Solves the two failure modes of expert communication at once: (1) the long climb where readers wait pages for the answer, and (2) logical mush from non-MECE groupings. Progressive disclosure lets a reader stop at any depth and get the right information.",
          "antipattern": "Chronological structure (\"what we did, what we found, what we conclude\") instead of logical hierarchy. Top-of-pyramid that is a topic (\"strategic options\") instead of an answer (\"pursue Option B because...\"). Non-MECE supports that overlap or fail to cover the universe.",
          "cardinality": null,
          "narrativePurpose": "Transfer conviction with minimum reader effort by mirroring how decision-makers consume information: answer first, scaffolding behind."
        },
        {
          "tool": {
            "name": "Three Pillars",
            "slug": "three-pillars",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-81ef-7455-a365-b234d95a6bbb",
            "version": 1,
            "bodyDocId": null,
            "description": "Three major supporting arguments that are MECE and address key concerns",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-ceef-742d-a1b9-70d3c99bbe56",
          "evidence": "Three numbered sections structure the deck.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 75,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 2,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Headline Test",
            "slug": "headline-test",
            "status": "active",
            "bestFor": "On every body slide title, every memo subject, every section header, every dashboard tile and every blog H1 — applied at draft time and again at review. Skip only on divider / agenda / neutral-framing navigation slides where the title is intentionally not summarising.",
            "canonId": "019dd956-ad87-70bd-90dc-722d02ddcb91",
            "version": 1,
            "bodyDocId": "ab578e4c-65d7-4fce-a814-10b07ffdb99d",
            "description": "A three-question editorial test applied to any candidate slide title or headline: does it have a real verb, does it make a defensible claim, and would the reader walk away with the right point if they read only that line?",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Architect",
          "layer": "slide",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cf1b-73de-9b58-0ea6d7e356bb",
          "evidence": "Section titles convey shape of argument.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": "On every body slide title, every memo subject, every section header, every dashboard tile and every blog H1 — applied at draft time and again at review. Skip only on divider / agenda / neutral-framing navigation slides where the title is intentionally not summarising.",
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 2,
          "whyItWorks": "The title is the only line statistically read by every reader (eye-tracking evidence from Nielsen Norman Group); a three-step filter on verb, claim, and memorability forces the analyst to commit to a finding rather than decorate the slide with a folder name, and catches the failure mode pyramid-MECE checks alone miss — clean ladders of invisible labels.",
          "antipattern": "Titles whose only verb is a copula (is, has, are), passive constructions hiding the agent, hedging adverbs that dilute the claim (may have somewhat softened), meta-descriptions (this slide shows...), bare numeric facts without a so-what, and topic labels masquerading as titles (Cost dynamics, Strategic implications).",
          "cardinality": null,
          "narrativePurpose": "Acts as the cheapest universal quality gate on every line of text whose job is to summarise what comes after it — converting topic-shaped labels into claim-shaped action titles so that a reader scanning only headlines reconstructs the argument."
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "locked": true
    },
    {
      "page": 3,
      "type": "setup",
      "function": "transition",
      "rawType": "section_divider",
      "block": null,
      "metadata": {
        "slideType": "section_divider",
        "slideTypeCanon": {
          "name": "Section divider",
          "slug": "section_divider",
          "status": "active",
          "canonId": "019de52d-066a-7402-9554-6ae504999041",
          "version": 1,
          "description": null
        },
        "function": "transition",
        "functionCanon": {
          "name": "Transition",
          "slug": "transition",
          "status": "active",
          "canonId": "019de52d-1365-7149-92aa-66df859e75fd",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 3,
        "componentCount": 2,
        "textChars": 40,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:48.255+00",
          "seconds": 1.804,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/3",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-3",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.295,
            "x": 0.083,
            "y": 0.895
          },
          "kind": "image",
          "text": "EVERCORE PARTNERS",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Image",
              "slug": "image",
              "status": "active",
              "canonId": "019de52c-f978-701f-a720-51d029d769e7",
              "version": 1,
              "description": "Photo, illustration, screenshot or icon."
            },
            "tool": null,
            "subkind": {
              "name": "Logo",
              "slug": "logo",
              "status": "active",
              "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "logo",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.255+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "eaf5acba-84b4-4076-97ae-554125932ce5",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.415,
            "x": 0.078,
            "y": 0.45
          },
          "kind": "title",
          "text": "I. Transaction Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.255+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3e3106a7-7dac-4122-ba3b-e4dbfade4875",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "locked": true
    },
    {
      "page": 4,
      "type": "analysis",
      "title": "Financial fairness opinion summary by Evercore.",
      "function": "analyze_data",
      "rawType": "data_table",
      "block": null,
      "metadata": {
        "slideType": "data_table",
        "slideTypeCanon": {
          "name": "Data table",
          "slug": "data_table",
          "status": "active",
          "canonId": "019de52d-0bbd-71b9-9918-417f904abbf8",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 54,
        "componentCount": 5,
        "textChars": 786,
        "nDataPoints": 84,
        "notes": "Financial fairness opinion summary by Evercore.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:49.59+00",
          "seconds": 3.073,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/4",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-4",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.07,
            "w": 0.92,
            "x": 0.04,
            "y": 0.13
          },
          "kind": "paragraph",
          "text": "Evercore Group L.L.C. (\"Evercore\") has been asked by McMoRan's Special Committee of the Board of Directors whether, in Evercore's opinion, the consideration to be received by holders of common stock of McMoRan in the Proposed Transaction is fair, from a financial point of view, to such holders entitled to receive such consideration",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "0c722786-3f65-4a2e-a1fa-8d1df26ad718",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.92,
            "x": 0.04,
            "y": 0.91
          },
          "kind": "source-note",
          "text": "(1) ORRI Trust unit value based on the midpoint of the per unit value of the ORRI Trust at a 10% discount rate and an 11% discount rate using the NAV Assumptions under NYMEX Strip pricing as of December 3, 2012 assuming a $16.90 offer value for purposes of calculating make-whole and fully diluted shares assuming a December 31, 2012 closing date",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "9a62f29c-bfc6-45b4-bad9-0f4358d4327b",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.68,
            "w": 0.92,
            "x": 0.04,
            "y": 0.23
          },
          "kind": "table",
          "text": "Merger Consideration, Implied Multiples, and Offer Price Premium Analysis tables",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a239851e-31f1-4bd1-8a08-984f09f0ba3a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.25,
            "x": 0.04,
            "y": 0.04
          },
          "kind": "title",
          "text": "Transaction Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "2e6ce808-f523-42ad-9a40-1077445881e4",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.1,
            "x": 0.04,
            "y": 0.08
          },
          "kind": "title",
          "text": "Summary",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Subtitle",
              "slug": "subtitle",
              "status": "active",
              "canonId": "019de52c-fb09-739d-900c-815b0d9ac526",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "subtitle",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.59+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c793d32e-4bce-49ed-9725-6af6aaade0fa",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cf74-74ce-8dbe-bf4724302abd",
          "evidence": "Three exhaustive sections: Merger Consideration, Implied Multiples, Premium Analysis.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 4,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Pyramid Principle",
            "slug": "pyramid-principle",
            "status": "active",
            "bestFor": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
            "canonId": "019dd956-7cbd-7219-a477-c871e2bc1aff",
            "version": 1,
            "bodyDocId": "88b6ac56-b880-46f9-8621-ef3491ab6235",
            "description": "Lead with the answer; group three to five MECE supports beneath it; recurse one level down. Top-down hierarchical structure for any document with a single recommendation.",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cfa0-714b-b162-8953b7720935",
          "evidence": "Answer-first table of merger terms before details.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": "When the document has a single governing decision or recommendation the reader is asked to accept, and the case can be decomposed into a small number of clean groups. Strategy decks, board memos, investment committee papers.",
          "confidence": 72,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 4,
          "whyItWorks": "Solves the two failure modes of expert communication at once: (1) the long climb where readers wait pages for the answer, and (2) logical mush from non-MECE groupings. Progressive disclosure lets a reader stop at any depth and get the right information.",
          "antipattern": "Chronological structure (\"what we did, what we found, what we conclude\") instead of logical hierarchy. Top-of-pyramid that is a topic (\"strategic options\") instead of an answer (\"pursue Option B because...\"). Non-MECE supports that overlap or fail to cover the universe.",
          "cardinality": null,
          "narrativePurpose": "Transfer conviction with minimum reader effort by mirroring how decision-makers consume information: answer first, scaffolding behind."
        },
        {
          "tool": {
            "name": "SCQA Framework",
            "slug": "scqa-framework",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7bcb-763f-bdf6-1dfedf3bd36c",
            "version": 1,
            "bodyDocId": "019df22a-a0b0-719e-937e-2ac31e53d32c",
            "description": "Situation, Complication, Question, Answer - structured problem framing",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cf47-7503-88a7-b639210a8e9e",
          "evidence": "Scope of Assignment paragraph frames Situation+Question.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 4,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-cfcb-72b9-a53e-5dbf76a44cc8",
          "evidence": "Dense table with minimal chartjunk, alternating row shading.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 4,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 7,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 4,
          "name": "The Facts (What)",
          "beatId": "019deab3-cd14-75de-8c05-a08ea5c4685d",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Merger consideration and term tables.",
          "position": 1,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 7,
          "from": 4,
          "loop": {
            "name": "33_build_up",
            "slug": "33-build-up",
            "status": "active",
            "bestFor": "Pricing justification, cost estimation, market sizing",
            "canonId": "019dd956-733a-746e-88fd-04b2e4b51b61",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
            "description": "Start from zero and add components to arrive at a total",
            "familyLabel": null
          },
          "matchId": "019deab3-cd96-7258-86a3-f58d9ff48a18",
          "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
          "position": 1,
          "objective": "Build up the merger consideration and frame the fairness question",
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 5,
      "type": "analysis",
      "title": "The slide details specific financial and legal terms of a transaction between McMoRan and Freeport.",
      "function": "summarize",
      "rawType": "data_table",
      "block": null,
      "metadata": {
        "slideType": "data_table",
        "slideTypeCanon": {
          "name": "Data table",
          "slug": "data_table",
          "status": "active",
          "canonId": "019de52d-0bbd-71b9-9918-417f904abbf8",
          "version": 1,
          "description": null
        },
        "function": "summarize",
        "functionCanon": {
          "name": "Summarize",
          "slug": "summarize",
          "status": "active",
          "canonId": "019de52d-1541-704f-b86f-bf7b75056373",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 25,
        "componentCount": 3,
        "textChars": 359,
        "nDataPoints": 6,
        "notes": "The slide details specific financial and legal terms of a transaction between McMoRan and Freeport.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.526+00",
          "seconds": 4.941,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/5",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-5",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.7,
            "x": 0.05,
            "y": 0.89
          },
          "kind": "disclaimer",
          "text": "(1) Assumes an implied offer value of $16.90 per share and a closing date of December 31, 2012 for purposes of calculating the applicable make-whole",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.526+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a9a20a11-f2a9-489d-8202-b50a23314fd0",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.75,
            "w": 0.9,
            "x": 0.05,
            "y": 0.11
          },
          "kind": "table",
          "text": "Valuation/Consideration, Transaction Structure, Financing, Key Conditions to Closing, No Shop/Fiduciary Out, Termination Fees, Timing, Related Party Transaction",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.526+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "b1fdc198-13b2-4205-ad0c-a361f6ab120b",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.6,
            "x": 0.05,
            "y": 0.06
          },
          "kind": "title",
          "text": "Summary of Selected Proposed Merger Agreement Terms",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.526+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "d380d3e1-91f3-465a-8464-7fa1d8d20317",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-cff5-74d0-bafb-dc2958a207d7",
          "evidence": "Term categories partitioned: structure, financing, conditions, fees.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 5,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d020-70b3-acfd-3d1be4b5a7f1",
          "evidence": "Terms grouped into labelled blocks for scanning.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 5,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 7,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 4,
          "name": "The Facts (What)",
          "beatId": "019deab3-cd14-75de-8c05-a08ea5c4685d",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Merger consideration and term tables.",
          "position": 1,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 7,
          "from": 4,
          "loop": {
            "name": "33_build_up",
            "slug": "33-build-up",
            "status": "active",
            "bestFor": "Pricing justification, cost estimation, market sizing",
            "canonId": "019dd956-733a-746e-88fd-04b2e4b51b61",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
            "description": "Start from zero and add components to arrive at a total",
            "familyLabel": null
          },
          "matchId": "019deab3-cd96-7258-86a3-f58d9ff48a18",
          "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
          "position": 1,
          "objective": "Build up the merger consideration and frame the fairness question",
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 6,
      "type": "setup",
      "title": "The slide details specific terms including royalty percentage, term length, call options, termination clauses, cost responsibilities, and drilling obligations.",
      "function": "summarize",
      "rawType": "business_case",
      "block": null,
      "metadata": {
        "slideType": "business_case",
        "slideTypeCanon": {
          "name": "Business case",
          "slug": "business_case",
          "status": "active",
          "canonId": "019de52d-0e16-7764-9eec-dceac9d5f517",
          "version": 1,
          "description": null
        },
        "function": "summarize",
        "functionCanon": {
          "name": "Summarize",
          "slug": "summarize",
          "status": "active",
          "canonId": "019de52d-1541-704f-b86f-bf7b75056373",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 25,
        "componentCount": 4,
        "textChars": 253,
        "nDataPoints": 8,
        "notes": "The slide details specific terms including royalty percentage, term length, call options, termination clauses, cost responsibilities, and drilling obligations.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:48.799+00",
          "seconds": 2.182,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/6",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-6",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.2,
            "x": 0.02,
            "y": 0.02
          },
          "kind": "paragraph",
          "text": "Transaction Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.799+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1d97e3d3-bc9d-4a32-8d0c-ae115305557b",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.1,
            "x": 0.88,
            "y": 0.02
          },
          "kind": "paragraph",
          "text": "Confidential",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.799+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a42fd00e-5425-4622-8b6b-a4a4ce797081",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.65,
            "w": 0.96,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "table",
          "text": "Table containing terms for Overriding Royalty Percentage, Term, Call Option, Termination Clauses, Drilling/Operating/Development Costs, Drilling Obligation, and Trust Expenses.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.799+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "12f62127-d1ae-4ee8-9aef-8231c4d32f0a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Summary of Selected ORRI Trust Proposed Terms",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:48.799+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "519ef6d9-3c6f-4339-9abb-2f377981a94f",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d04b-76cf-8f1d-6014ba5da6b3",
          "evidence": "ORRI terms split into royalty %, term, options, costs, drilling obligations.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 75,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 6,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d075-736d-a3a3-d3318bfd63d5",
          "evidence": "Right-column term blocks paired to labels.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 68,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 6,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 7,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 4,
          "name": "The Facts (What)",
          "beatId": "019deab3-cd14-75de-8c05-a08ea5c4685d",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Merger consideration and term tables.",
          "position": 1,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 7,
          "from": 4,
          "loop": {
            "name": "33_build_up",
            "slug": "33-build-up",
            "status": "active",
            "bestFor": "Pricing justification, cost estimation, market sizing",
            "canonId": "019dd956-733a-746e-88fd-04b2e4b51b61",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
            "description": "Start from zero and add components to arrive at a total",
            "familyLabel": null
          },
          "matchId": "019deab3-cd96-7258-86a3-f58d9ff48a18",
          "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
          "position": 1,
          "objective": "Build up the merger consideration and frame the fairness question",
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 7,
      "type": "setup",
      "title": "This is a standard 'Evercore Evaluation Process' disclosure slide found in fairness opinion decks.",
      "function": "summarize",
      "rawType": "appendix_disclosure",
      "block": null,
      "metadata": {
        "slideType": "appendix_disclosure",
        "slideTypeCanon": {
          "name": "Appendix disclosure",
          "slug": "appendix_disclosure",
          "status": "active",
          "canonId": "019de52d-07b2-7549-8e8b-932a19f6e616",
          "version": 1,
          "description": null
        },
        "function": "summarize",
        "functionCanon": {
          "name": "Summarize",
          "slug": "summarize",
          "status": "active",
          "canonId": "019de52d-1541-704f-b86f-bf7b75056373",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 15,
        "componentCount": 4,
        "textChars": 170,
        "nDataPoints": 0,
        "notes": "This is a standard 'Evercore Evaluation Process' disclosure slide found in fairness opinion decks.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:49.437+00",
          "seconds": 2.613,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/7",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-7",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.1,
            "x": 0.88,
            "y": 0.02
          },
          "kind": "disclaimer",
          "text": "Confidential",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.437+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "f61c1454-3abd-40a0-95f1-62b1cb11676f",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.8,
            "w": 0.95,
            "x": 0.02,
            "y": 0.1
          },
          "kind": "list",
          "text": "In connection with its review of the Proposed Transaction, Evercore has, among other things: [list of 12 items]",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.437+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3c68981f-dbe1-4547-b942-b9f4e75a8eff",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.25,
            "x": 0.02,
            "y": 0.02
          },
          "kind": "title",
          "text": "Transaction Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.437+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3ab1e788-0adc-4e76-ac34-3184e58a8047",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.25,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Evercore Evaluation Process",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Subtitle",
              "slug": "subtitle",
              "status": "active",
              "canonId": "019de52c-fb09-739d-900c-815b0d9ac526",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "subtitle",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.437+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a9cf3982-e64a-4705-8c99-459c0257fa71",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Issue Tree",
            "slug": "issue-tree",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-82e3-775d-a2b6-318154564b53",
            "version": 1,
            "bodyDocId": null,
            "description": "Breaking down a problem into component parts systematically",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d0ca-770c-8f24-37037874ebe1",
          "evidence": "Due-diligence categories implicitly cover key questions.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 7,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d0a0-762e-96b7-cb417d8df1af",
          "evidence": "Bulleted list of evaluation steps covers process exhaustively.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 7,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 7,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 1,
          "name": "Situation & Context",
          "beatId": "019deab3-cc3e-7173-a28f-534822dad11e",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Cover, TOC, transaction terms and scope of assignment (p.4).",
          "position": 1,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 7,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 4,
          "name": "The Facts (What)",
          "beatId": "019deab3-cd14-75de-8c05-a08ea5c4685d",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Merger consideration and term tables.",
          "position": 1,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 7,
          "from": 4,
          "loop": {
            "name": "33_build_up",
            "slug": "33-build-up",
            "status": "active",
            "bestFor": "Pricing justification, cost estimation, market sizing",
            "canonId": "019dd956-733a-746e-88fd-04b2e4b51b61",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
            "description": "Start from zero and add components to arrive at a total",
            "familyLabel": null
          },
          "matchId": "019deab3-cd96-7258-86a3-f58d9ff48a18",
          "evidence": "Cash plus ORRI trust units stacked into total consideration; terms then process disclosed.",
          "position": 1,
          "objective": "Build up the merger consideration and frame the fairness question",
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 8,
      "type": "setup",
      "function": "transition",
      "rawType": "section_divider",
      "block": null,
      "metadata": {
        "slideType": "section_divider",
        "slideTypeCanon": {
          "name": "Section divider",
          "slug": "section_divider",
          "status": "active",
          "canonId": "019de52d-066a-7402-9554-6ae504999041",
          "version": 1,
          "description": null
        },
        "function": "transition",
        "functionCanon": {
          "name": "Transition",
          "slug": "transition",
          "status": "active",
          "canonId": "019de52d-1365-7149-92aa-66df859e75fd",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 3,
        "componentCount": 2,
        "textChars": 39,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.79+00",
          "seconds": 4.95,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/8",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-8",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.025,
            "w": 0.304,
            "x": 0.078,
            "y": 0.885
          },
          "kind": "paragraph",
          "text": "EVERCORE PARTNERS",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.79+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "cb714494-1cbe-4c44-8d2f-ee249aafd3fd",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.045,
            "w": 0.386,
            "x": 0.078,
            "y": 0.438
          },
          "kind": "title",
          "text": "II. Situation Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.79+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "67b69a08-da91-4dac-b154-471e774802cd",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 12,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 8,
          "name": "Problem & Complication",
          "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
          "position": 2,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "locked": true
    },
    {
      "page": 9,
      "type": "setup",
      "title": "Includes detailed valuation multiples (EV/EBITDAX, EV/Reserves) and a stock performance chart.",
      "function": "establish_context",
      "rawType": "situation_overview",
      "block": null,
      "metadata": {
        "slideType": "situation_overview",
        "slideTypeCanon": {
          "name": "Situation overview",
          "slug": "situation_overview",
          "status": "active",
          "canonId": "019de52d-0cfe-7769-99aa-9a2fe82a4039",
          "version": 1,
          "description": null
        },
        "function": "establish_context",
        "functionCanon": {
          "name": "Establish context",
          "slug": "establish_context",
          "status": "active",
          "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 31,
        "componentCount": 4,
        "textChars": 321,
        "nDataPoints": 45,
        "notes": "Includes detailed valuation multiples (EV/EBITDAX, EV/Reserves) and a stock performance chart.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:49.723+00",
          "seconds": 2.752,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/9",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-9",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.6,
            "w": 0.45,
            "x": 0.52,
            "y": 0.15
          },
          "kind": "chart",
          "text": "Two Year Price Performance (12/6/10 - 12/3/12)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Line chart",
              "slug": "line",
              "status": "active",
              "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "line",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.723+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "b2d86a2f-8bb1-422d-ab3e-e5bc619425e2",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.1,
            "w": 0.6,
            "x": 0.05,
            "y": 0.85
          },
          "kind": "source-note",
          "text": "(1) Includes conversion of 12.116 million 5.0% convertible perpetual preferred shares... (2) Based on I/B/E/S estimates (3) Peer Group includes Cobalt, Energy XXI, EPL Oil & Gas, Stone Energy and W&T Offshore",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.723+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "e54a815f-0ffd-4156-b9f4-ffaab96e680c",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.7,
            "w": 0.45,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "table",
          "text": "Key Company Data & Implied Metrics table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.723+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3a28d84b-28a3-4b50-802f-841e37160303",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.3,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Situation Analysis Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.723+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "e27656e3-7799-4d17-97b3-fc6f26199d9b",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d121-71f4-b51d-118273354bf8",
          "evidence": "Stock chart annotated with peer and gas-price comparisons.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 9,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d14b-74b8-a6a5-10b404072124",
          "evidence": "Compact valuation-multiples table.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 9,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Visual Hierarchy",
            "slug": "visual-hierarchy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
            "version": 1,
            "bodyDocId": null,
            "description": "Order of perception through Size > Color > Position > Weight > Space",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d0f5-70bb-8940-d26f622baa94",
          "evidence": "Company snapshot on left, peer/price chart on right.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 9,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 12,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 8,
          "name": "Problem & Complication",
          "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
          "position": 2,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 12,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 9,
          "name": "The Implications (So What)",
          "beatId": "019deab3-cd3f-72b7-aff0-0bb092681c27",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Stock performance and projection context.",
          "position": 2,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 12,
          "from": 9,
          "loop": {
            "name": "06_zoom_in",
            "slug": "06-zoom-in",
            "status": "active",
            "bestFor": "Technical deep-dives, case studies, detailed analysis",
            "canonId": "019dd956-6846-74db-82be-dff5b058b072",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
            "description": "Start broad, then progressively focus on specific details that prove your point",
            "familyLabel": null
          },
          "matchId": "019deab3-cdc0-75e0-89eb-e580ec70b7f4",
          "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
          "position": 2,
          "objective": "Zoom from McMoRan overview into share-price events and projections",
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 10,
      "type": "setup",
      "title": "The chart uses a dual-axis approach with a line for price and an area chart for volume, overlaid with vertical dashed lines for event markers.",
      "function": "establish_context",
      "rawType": "situation_overview",
      "block": null,
      "metadata": {
        "slideType": "situation_overview",
        "slideTypeCanon": {
          "name": "Situation overview",
          "slug": "situation_overview",
          "status": "active",
          "canonId": "019de52d-0cfe-7769-99aa-9a2fe82a4039",
          "version": 1,
          "description": null
        },
        "function": "establish_context",
        "functionCanon": {
          "name": "Establish context",
          "slug": "establish_context",
          "status": "active",
          "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 21,
        "componentCount": 4,
        "textChars": 145,
        "nDataPoints": 12,
        "notes": "The chart uses a dual-axis approach with a line for price and an area chart for volume, overlaid with vertical dashed lines for event markers.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:49.653+00",
          "seconds": 2.324,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/10",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-10",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.75,
            "w": 0.9,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "chart",
          "text": "Share price and volume over time",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Line chart",
              "slug": "line",
              "status": "active",
              "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "line",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.653+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a6ec94d9-218d-4494-bc10-509bc2755d12",
          "parentComponentId": null
        },
        {
          "bbox": null,
          "kind": "framework",
          "text": "Timeline of corporate events mapped against stock performance",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Framework",
              "slug": "framework",
              "status": "active",
              "canonId": "019de52c-fa18-77c6-b10a-ccb8277ac0fa",
              "version": 1,
              "description": "Named conceptual framework instance."
            },
            "tool": null,
            "subkind": {
              "name": "Framework instance",
              "slug": "instance",
              "status": "active",
              "canonId": "019de52d-05a2-72af-be0b-7edc60708a03",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "instance",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.653+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "25c09883-9676-4373-a6cb-66cdc0ff5330",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.1,
            "x": 0.45,
            "y": 0.9
          },
          "kind": "legend",
          "text": "Volume and Price",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Legend",
              "slug": "legend",
              "status": "active",
              "canonId": "31361933-3d22-4c70-bbad-0801e9fffc0c",
              "version": 1,
              "description": "Color/symbol decoder placed adjacent to a chart or diagram."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.653+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "5d5a6f59-5432-4aec-adba-f5cf27e5a8ed",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.4,
            "x": 0.05,
            "y": 0.1
          },
          "kind": "title",
          "text": "Historical Share Trading Performance",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.653+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "ebed0b10-ab99-44b9-98a9-28c7fc6b7994",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Causal Chain",
            "slug": "causal-chain",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-9e98-7269-907b-8cf727e9499d",
            "version": 1,
            "bodyDocId": null,
            "description": "Showing how one event leads to another in sequence",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d1a3-77db-b769-d75c36f56c70",
          "evidence": "Sequential corporate events mapped to share-price reaction.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 10,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d178-730a-98fe-de2cfbcdbe83",
          "evidence": "Twelve dated event callouts overlay price line.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 92,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 10,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d1cd-72ee-bc47-428caafe475b",
          "evidence": "Dual-axis line+area chart fits price-volume narrative.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 10,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Visual Hierarchy",
            "slug": "visual-hierarchy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
            "version": 1,
            "bodyDocId": null,
            "description": "Order of perception through Size > Color > Position > Weight > Space",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d1f7-73d3-9e42-2a9fc5d01956",
          "evidence": "Bold dates, dashed event markers, secondary volume area.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 10,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-daaa-761b-a6fb-b7c1b4a00cde",
          "evidence": "Twelve dated event callouts mapped to price line.",
          "framework": null,
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 10,
          "frameworkName": "Annotated event timeline"
        }
      ],
      "arcBeats": [
        {
          "to": 12,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 8,
          "name": "Problem & Complication",
          "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
          "position": 2,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 12,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 9,
          "name": "The Implications (So What)",
          "beatId": "019deab3-cd3f-72b7-aff0-0bb092681c27",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Stock performance and projection context.",
          "position": 2,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 12,
          "from": 9,
          "loop": {
            "name": "06_zoom_in",
            "slug": "06-zoom-in",
            "status": "active",
            "bestFor": "Technical deep-dives, case studies, detailed analysis",
            "canonId": "019dd956-6846-74db-82be-dff5b058b072",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
            "description": "Start broad, then progressively focus on specific details that prove your point",
            "familyLabel": null
          },
          "matchId": "019deab3-cdc0-75e0-89eb-e580ec70b7f4",
          "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
          "position": 2,
          "objective": "Zoom from McMoRan overview into share-price events and projections",
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 11,
      "type": "setup",
      "title": "The slide outlines the specific inputs for a financial model, focusing on Ultra-Deep Asset development.",
      "function": "establish_context",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "establish_context",
        "functionCanon": {
          "name": "Establish context",
          "slug": "establish_context",
          "status": "active",
          "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf",
          "version": 1,
          "description": null
        },
        "density": "overcrowded",
        "densityScore": 81,
        "componentCount": 8,
        "textChars": 1241,
        "nDataPoints": 10,
        "notes": "The slide outlines the specific inputs for a financial model, focusing on Ultra-Deep Asset development.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:55.532+00",
          "seconds": 8.156,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/11",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-11",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.95,
            "x": 0.03,
            "y": 0.21
          },
          "kind": "list",
          "text": "The projections incorporate all activity associated with McMoRan's conventional Gulf Coast onshore and Gulf of Mexico Shelf assets (the “Conventional Assets”)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "2960b008-edde-4c97-93b3-488ab2791161",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.95,
            "x": 0.03,
            "y": 0.83
          },
          "kind": "list",
          "text": "Assumed 35% U.S. Federal corporate tax rate",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "417436fc-8403-480a-af46-3b28b86e8e48",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.45,
            "w": 0.92,
            "x": 0.06,
            "y": 0.33
          },
          "kind": "list",
          "text": "100% success rate on exploration wells (no dry hole costs); Gross prospect size of 2 Tcfe; To develop a 2 Tcfe discovery requires 3 development wells drilled per year following an initial discovery well up to 10 total successful wells; 200 Bcfe gross reserves per well (95% natural gas, 5% condensate); Drilling cost per well of $100 million; Completion cost per well of $100 million; Facilities cost of $43 million per well; 1 year drilling duration per well and 6 months to complete per well; Wells commence 18 months following spud date",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "943ded92-8660-4960-a06c-42d8c3d86bd2",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.95,
            "x": 0.03,
            "y": 0.29
          },
          "kind": "list",
          "text": "In addition, the projections incorporate the development of MMR's Ultra-Deep Assets utilizing the following assumptions:",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "d9730c50-1af4-4e16-bb9f-8fae7e56dee7",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.95,
            "x": 0.03,
            "y": 0.79
          },
          "kind": "list",
          "text": "NYMEX strip pricing as of December 3, 2012 through 2017E and held flat thereafter",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "dd397705-521c-4aec-a433-9fba3f5df759",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.95,
            "x": 0.03,
            "y": 0.87
          },
          "kind": "list",
          "text": "Financing for free cash flow shortfall assumed to come from a revolving credit facility with a 4.0% annualized interest rate",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "f537a804-c8b1-4f84-a393-3f4f1e3460b4",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.95,
            "x": 0.03,
            "y": 0.14
          },
          "kind": "list",
          "text": "The following financial projections summarize McMoRan's operating model (the “MMR Operating Model”) as provided by McMoRan management",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "f707c58f-1e27-43bd-b967-72b61e536545",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.03,
            "y": 0.09
          },
          "kind": "title",
          "text": "Summary Financial Projections – Assumptions",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.532+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1a1311a3-2652-4fe3-8a67-f4bdba866769",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d24b-7197-9851-e95d7e1befaf",
          "evidence": "Categories cover operations, costs, taxes, financing distinctly.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 11,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d221-71c9-8e11-05520c2327ce",
          "evidence": "Assumptions grouped into seven labelled lists.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 11,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 12,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 8,
          "name": "Problem & Complication",
          "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
          "position": 2,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 12,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 9,
          "name": "The Implications (So What)",
          "beatId": "019deab3-cd3f-72b7-aff0-0bb092681c27",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Stock performance and projection context.",
          "position": 2,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 12,
          "from": 9,
          "loop": {
            "name": "06_zoom_in",
            "slug": "06-zoom-in",
            "status": "active",
            "bestFor": "Technical deep-dives, case studies, detailed analysis",
            "canonId": "019dd956-6846-74db-82be-dff5b058b072",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
            "description": "Start broad, then progressively focus on specific details that prove your point",
            "familyLabel": null
          },
          "matchId": "019deab3-cdc0-75e0-89eb-e580ec70b7f4",
          "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
          "position": 2,
          "objective": "Zoom from McMoRan overview into share-price events and projections",
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 12,
      "type": "analysis",
      "title": "The table follows a standard financial model structure for an oil and gas company.",
      "function": "analyze_data",
      "rawType": "data_table",
      "block": null,
      "metadata": {
        "slideType": "data_table",
        "slideTypeCanon": {
          "name": "Data table",
          "slug": "data_table",
          "status": "active",
          "canonId": "019de52d-0bbd-71b9-9918-417f904abbf8",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 16,
        "componentCount": 2,
        "textChars": 147,
        "nDataPoints": 120,
        "notes": "The table follows a standard financial model structure for an oil and gas company.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:52.86+00",
          "seconds": 5.358,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/12",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-12",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.65,
            "w": 0.92,
            "x": 0.04,
            "y": 0.18
          },
          "kind": "table",
          "text": "Production, Realized Prices, Revenue, EBITDAX, Discretionary Cash Flow, Free Cash Flow projections from 2012E to 2019E",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.86+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a68131fd-63e3-4220-8758-cd800291fdcf",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.35,
            "x": 0.04,
            "y": 0.08
          },
          "kind": "title",
          "text": "Summary Financial Projections",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.86+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "35d62448-5bea-4db2-b2d9-eb71e4ce1389",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d29f-723d-a682-faf34b0b00b4",
          "evidence": "Rows grouped by production / pricing / revenue / EBITDAX / FCF.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 12,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d275-7280-b56a-2a4f0c8f15f8",
          "evidence": "Banded multi-year projection table, restrained styling.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 12,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 12,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 8,
          "name": "Problem & Complication",
          "beatId": "019deab3-cc68-74a5-9d6a-6eedfe71d910",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Situation Analysis, share-price volatility chart, projection assumptions.",
          "position": 2,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 12,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 9,
          "name": "The Implications (So What)",
          "beatId": "019deab3-cd3f-72b7-aff0-0bb092681c27",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Stock performance and projection context.",
          "position": 2,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 12,
          "from": 9,
          "loop": {
            "name": "06_zoom_in",
            "slug": "06-zoom-in",
            "status": "active",
            "bestFor": "Technical deep-dives, case studies, detailed analysis",
            "canonId": "019dd956-6846-74db-82be-dff5b058b072",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
            "description": "Start broad, then progressively focus on specific details that prove your point",
            "familyLabel": null
          },
          "matchId": "019deab3-cdc0-75e0-89eb-e580ec70b7f4",
          "evidence": "Big-picture overview p.9, annotated event timeline p.10, model assumptions p.11, projections p.12.",
          "position": 2,
          "objective": "Zoom from McMoRan overview into share-price events and projections",
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 13,
      "type": "setup",
      "function": "transition",
      "rawType": "section_divider",
      "block": null,
      "metadata": {
        "slideType": "section_divider",
        "slideTypeCanon": {
          "name": "Section divider",
          "slug": "section_divider",
          "status": "active",
          "canonId": "019de52d-066a-7402-9554-6ae504999041",
          "version": 1,
          "description": null
        },
        "function": "transition",
        "functionCanon": {
          "name": "Transition",
          "slug": "transition",
          "status": "active",
          "canonId": "019de52d-1365-7149-92aa-66df859e75fd",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 3,
        "componentCount": 2,
        "textChars": 40,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:49.364+00",
          "seconds": 1.858,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/13",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-13",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.15,
            "x": 0.05,
            "y": 0.9
          },
          "kind": "paragraph",
          "text": "EVERCORE PARTNERS",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.364+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "50902964-8243-4843-8ab7-1cf07ced82fc",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.3,
            "x": 0.05,
            "y": 0.4
          },
          "kind": "title",
          "text": "III. Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:49.364+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "8d1f17b1-470d-4f52-9418-265a90341059",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 14,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 13,
          "name": "Solution & Approach",
          "beatId": "019deab3-cc93-760b-8231-57de4f539b02",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Section divider plus table of 5 valuation methodologies.",
          "position": 3,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "locked": true
    },
    {
      "page": 14,
      "type": "setup",
      "title": "The slide details specific financial modeling approaches (NAV, Peer Group, Precedent Transactions, Analyst Targets, Risked NAV).",
      "function": "present_framework",
      "rawType": "appendix_methodology",
      "block": null,
      "metadata": {
        "slideType": "appendix_methodology",
        "slideTypeCanon": {
          "name": "Appendix methodology",
          "slug": "appendix_methodology",
          "status": "active",
          "canonId": "019de52d-07d9-726c-8599-167f2d2ffaa7",
          "version": 1,
          "description": null
        },
        "function": "present_framework",
        "functionCanon": {
          "name": "Present framework",
          "slug": "present_framework",
          "status": "active",
          "canonId": "019de52d-1403-7667-9100-d2ac6709f750",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 16,
        "componentCount": 3,
        "textChars": 192,
        "nDataPoints": 2,
        "notes": "The slide details specific financial modeling approaches (NAV, Peer Group, Precedent Transactions, Analyst Targets, Risked NAV).",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:50.557+00",
          "seconds": 2.585,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/14",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-14",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.9,
            "x": 0.04,
            "y": 0.14
          },
          "kind": "paragraph",
          "text": "In analyzing the Proposed Transaction, Evercore utilized the following methodologies for its preliminary valuation of McMoRan:",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.557+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "60c9fa88-2d01-4915-8386-46057c1a8b5c",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.7,
            "w": 0.92,
            "x": 0.04,
            "y": 0.19
          },
          "kind": "table",
          "text": "Methodology, Description, Assumptions table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.557+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "4307e3ce-1664-47b0-96f6-a67981d0a808",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.3,
            "x": 0.04,
            "y": 0.09
          },
          "kind": "title",
          "text": "Valuation Methodologies",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.557+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "890cc1ef-5ec8-46d0-9f60-f20860832e91",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Hypothesis-Driven Structure",
            "slug": "hypothesis-driven-structure",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-833f-7419-9932-be80362019a7",
            "version": 1,
            "bodyDocId": null,
            "description": "Start with a hypothesis and organize evidence to prove/disprove it",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d2f4-773a-84ea-39d8a6ff17c5",
          "evidence": "Each row stages a methodology before evidence is shown later.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 14,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d2ca-7579-907f-bbd917319145",
          "evidence": "Methodologies are distinct and span market/intrinsic/transaction views.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 14,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Action Titles",
            "slug": "action-titles",
            "status": "active",
            "bestFor": "Any decision-grade deliverable — strategy recommendation, board update, investment memo, M&A review, post-mortem — where the reader is being asked to agree, decide, or act and will skim the title bar at speed.",
            "canonId": "019dd956-ac70-700b-a608-ba58e78f5dcc",
            "version": 1,
            "bodyDocId": "816dad3c-9983-41c1-a86e-978ebd582841",
            "description": "The McKinsey-bred discipline of writing every slide title as a complete declarative sentence with a verb and an insight, not a topic label. Each title is a sub-claim that ladders up to the deck's governing thought; read in sequence, the titles reconstruct the executive summary.",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Architect",
          "layer": "slide",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d31f-77fb-9c28-f910e454bca0",
          "evidence": "Methodology column states the approach succinctly.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": "Any decision-grade deliverable — strategy recommendation, board update, investment memo, M&A review, post-mortem — where the reader is being asked to agree, decide, or act and will skim the title bar at speed.",
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 14,
          "whyItWorks": "Solves two failure modes at once. (1) The buried claim: action titles place the conclusion on the page before any analysis is read, so a busy reader doesn't reverse-engineer it from the chart. (2) The spineless deck: because each title is a claim, slides have to ladder up to the governing thought; logical gaps become visible as topic-shaped titles in a sequence that no longer reads as a story.",
          "antipattern": "Topic labels disguised as titles — Volume by quarter, Key findings, Pricing strategy, Margins have been impacted. No verb, or a passive verb with no agent, or a fact (Revenue grew 12%) without the so-what. Also: titles that overreach the chart's evidence, multi-claim X-grew-but-Y-fell welded titles, and mechanical repetition of the same X-drove-Y template across the deck.",
          "cardinality": null,
          "narrativePurpose": "Forces the deck to carry its argument in the title bar so a senior reader can extract the recommendation without opening a single slide; converts a binder of topics into a navigable pyramid where every slide is a node defending the apex."
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dad7-7003-8eae-59aeed6d7ae5",
          "evidence": "Table enumerates NAV, Peer, Precedent, Analyst, Risked NAV.",
          "framework": null,
          "confidence": 85,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 14,
          "frameworkName": "Five-methodology valuation framework"
        }
      ],
      "arcBeats": [
        {
          "to": 14,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 13,
          "name": "Solution & Approach",
          "beatId": "019deab3-cc93-760b-8231-57de4f539b02",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Section divider plus table of 5 valuation methodologies.",
          "position": 3,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 15,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 14,
          "name": "The Action (Now What)",
          "beatId": "019deab3-cd6b-74b9-a2b5-48d3000505dc",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Methodology choice plus football-field convergence on offer.",
          "position": 3,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 15,
          "from": 14,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-cdec-72ad-b3fb-464229b2d27a",
          "evidence": "Methodology table p.14 then waterfall/football-field p.15 plotting each method's range vs. offer.",
          "position": 3,
          "objective": "Lay out the five valuation lenses and synthesize them in a football-field summary",
          "confidence": 85,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 15,
      "type": "analysis",
      "title": "The chart uses a waterfall-style visualization to compare different valuation approaches and their respective ranges.",
      "function": "quantify_impact",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "quantify_impact",
        "functionCanon": {
          "name": "Quantify impact",
          "slug": "quantify_impact",
          "status": "active",
          "canonId": "019de52d-1630-720d-b57d-fa7f76bebd8d",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 36,
        "componentCount": 5,
        "textChars": 305,
        "nDataPoints": 24,
        "notes": "The chart uses a waterfall-style visualization to compare different valuation approaches and their respective ranges.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:54.765+00",
          "seconds": 6.725,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/15",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-15",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.5,
            "w": 0.95,
            "x": 0.03,
            "y": 0.1
          },
          "kind": "chart",
          "text": "Waterfall chart showing valuation ranges across different methodologies",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Waterfall chart",
              "slug": "waterfall",
              "status": "active",
              "canonId": "019de52d-002e-733e-b5cf-dd3beb6692cc",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "waterfall",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:54.765+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "e8b7f4bd-bc78-4cc1-8866-b940b6ed8a7f",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.95,
            "x": 0.03,
            "y": 0.88
          },
          "kind": "disclaimer",
          "text": "(1) ORRI Trust unit value based on the midpoint of the per unit value of the ORRI Trust at a 10% discount rate and an 11% discount rate...",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:54.765+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3056e387-e22d-4add-8df3-4382db98319f",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.3,
            "w": 0.95,
            "x": 0.03,
            "y": 0.6
          },
          "kind": "table",
          "text": "Methodology labels and supporting data points below the chart",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:54.765+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a1e83c87-7bdb-4c2f-a410-ff4e85ecd92a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.03,
            "y": 0.06
          },
          "kind": "title",
          "text": "Summary Valuation",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Action title",
              "slug": "action-title",
              "status": "active",
              "canonId": "019de52c-fb31-734c-a0f5-a3935b73135d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "action-title",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:54.765+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "722c3f08-7eda-4876-8fc6-1bc9dfb1a738",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.03,
            "y": 0.02
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:54.765+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "79aef777-8089-4805-a7db-cd67c3b639ca",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d375-70e9-937c-9f085ca54edc",
          "evidence": "Three dashed lines annotate cash, risked, and unrisked offer levels.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 90,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d349-718c-a799-ac7eb7281563",
          "evidence": "Football-field/waterfall ranges chosen for cross-method valuation.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Color Strategy",
            "slug": "color-strategy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
            "version": 1,
            "bodyDocId": null,
            "description": "Using color for emphasis, categories, sentiment, and hierarchy",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d39f-7618-ad44-6a577b056568",
          "evidence": "Distinct hues per methodology category along the x-axis.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 80,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Contrast Principle",
            "slug": "contrast-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-bf0f-73ae-b9df-e60508cdaa65",
            "version": 1,
            "bodyDocId": null,
            "description": "Higher visual weight draws attention - use contrast strategically for emphasis",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d41f-74fe-a24c-316a3640b566",
          "evidence": "Offer dashed lines contrast against valuation range bars.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Visual Hierarchy",
            "slug": "visual-hierarchy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b2ca-706b-937f-e52441086fd7",
            "version": 1,
            "bodyDocId": null,
            "description": "Order of perception through Size > Color > Position > Weight > Space",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d3f5-756c-b74f-eb75c0aaf28a",
          "evidence": "Range bars dominate, footnotes recede in tiny gray text.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Von Restorff Effect",
            "slug": "von-restorff-effect",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-beab-73d8-9f62-30d0332e926e",
            "version": 1,
            "bodyDocId": null,
            "description": "Items that stand out are noticed and remembered - make key points visually distinct",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d3ca-77bb-88c8-50d7af7624fc",
          "evidence": "Color-boxed callouts make offer levels stand out.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Waterfall chart",
            "slug": "waterfall-chart",
            "status": "active",
            "bestFor": null,
            "canonId": "e2799da3-725f-44a9-a093-570f1f388e64",
            "version": 1,
            "bodyDocId": null,
            "description": null,
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "5d51b935-001d-4d42-a162-a46724bc582a",
          "evidence": "Waterfall chart showing valuation ranges across different methodologies",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-17 03:30:04.076269+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-db01-7109-ac82-f953aafaa484",
          "evidence": "Stacked range bars per method with offer reference lines.",
          "framework": null,
          "confidence": 90,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "frameworkName": "Football-field valuation summary"
        },
        {
          "matchId": "019deab3-db2d-709e-afc6-d68f1cee4394",
          "evidence": "Brief and visual style describe waterfall layout of ranges.",
          "framework": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 15,
          "frameworkName": "Waterfall chart"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        },
        {
          "to": 15,
          "arc": {
            "name": "The Triple Take",
            "slug": "triple-take",
            "status": "active",
            "bestFor": "Data-driven presentations, research findings",
            "canonId": "019dd956-6221-73ad-bc12-378f8eb1f018",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "The Facts (What) -> The Implications (So What) -> The Action (Now What)",
            "description": null,
            "familyLabel": null
          },
          "from": 14,
          "name": "The Action (Now What)",
          "beatId": "019deab3-cd6b-74b9-a2b5-48d3000505dc",
          "matchId": "019deab3-cce8-750a-b19b-7a8636804382",
          "beatType": null,
          "evidence": "Methodology choice plus football-field convergence on offer.",
          "position": 3,
          "isPrimaryArc": false,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 55
        }
      ],
      "loops": [
        {
          "to": 15,
          "from": 14,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-cdec-72ad-b3fb-464229b2d27a",
          "evidence": "Methodology table p.14 then waterfall/football-field p.15 plotting each method's range vs. offer.",
          "position": 3,
          "objective": "Lay out the five valuation lenses and synthesize them in a football-field summary",
          "confidence": 85,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 16,
      "type": "setup",
      "title": "The slide details technical and financial inputs for a valuation model, specifically for oil and gas exploration assets.",
      "function": "summarize",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "summarize",
        "functionCanon": {
          "name": "Summarize",
          "slug": "summarize",
          "status": "active",
          "canonId": "019de52d-1541-704f-b86f-bf7b75056373",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 66,
        "componentCount": 6,
        "textChars": 1310,
        "nDataPoints": 10,
        "notes": "The slide details technical and financial inputs for a valuation model, specifically for oil and gas exploration assets.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:55.074+00",
          "seconds": 7.014,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/16",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-16",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.25,
            "w": 0.95,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "list",
          "text": "The following represents the assumptions utilized by Evercore in its net asset value analysis (the “NAV Assumptions”)\nProjections of proved, probable and possible production, operating costs, and capital expenditures based on the Reserve Report rolled forward to October 1, 2012\nVolumes and risking for specific Ultra-Deep prospects and discoveries (as per MMR estimates)\nGross well costs of $243.0 million per well (as per MMR estimates) comprised of:",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1117f37a-46c5-4f21-87dd-8504c7b1ffb5",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.92,
            "x": 0.05,
            "y": 0.31
          },
          "kind": "list",
          "text": "Geologic and mechanical risking was estimated by Evercore and reviewed by MMR’s technical team with Evercore\nUtilized an expected value analysis based on the assumed geologic and mechanical risking\nEach well has a 200 Bcfe EUR\nDeveloped using a continuous four rig program through 2014, going to a six rig program in 2015 and finally an eight rig program by 2016, held constant thereafter\nLineham Creek Yegua wells begin drilling in January 2014 with an incremental non-operated drilling rig\nProduction for each well of 70 MMcfed held flat for six years, then exponential decline (as per MMR estimates)\nCondensate is 5% of well stream (8.8 bbl/MMcf)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "7048e76b-1e1b-4a12-aef6-b615381ca4da",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.15,
            "w": 0.4,
            "x": 0.05,
            "y": 0.71
          },
          "kind": "list",
          "text": "$100.0 million and 1 year to drill\n$100.0 million and 6 months to complete\n$43.0 million to equip and tie-in\nFirst production after 18 months",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "aa1afe88-2b03-4ade-8295-0fabe997644c",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.1,
            "x": 0.85,
            "y": 0.02
          },
          "kind": "paragraph",
          "text": "Confidential",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "b43f9850-576d-4783-aec4-32e323390bd9",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.15,
            "x": 0.02,
            "y": 0.02
          },
          "kind": "paragraph",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c917ad93-3288-410a-8db5-e4bb8b090226",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.4,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Net Asset Value Analysis – Assumptions",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.074+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "84e07d56-777d-4671-b3c4-cb7f87222dc2",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d450-73cf-b7ea-cefadcc69e94",
          "evidence": "Production, rig program, cost categories partitioned.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 16,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d47a-750d-a773-2b9c196dd3f4",
          "evidence": "Three labelled assumption blocks.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 16,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 20,
          "from": 16,
          "loop": {
            "name": "52_sensitivity_test",
            "slug": "52-sensitivity-test",
            "status": "active",
            "bestFor": "Financial models, forecasting, risk assessment",
            "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
            "description": "Show how conclusions change (or don't) when key assumptions vary",
            "familyLabel": null
          },
          "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 17,
      "type": "analysis",
      "title": "The slide details specific cost, tax, and accounting assumptions for a valuation model.",
      "function": "analyze_data",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "overcrowded",
        "densityScore": 94,
        "componentCount": 15,
        "textChars": 1452,
        "nDataPoints": 15,
        "notes": "The slide details specific cost, tax, and accounting assumptions for a valuation model.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:53.372+00",
          "seconds": 5.01,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/17",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-17",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.03,
            "w": 0.9,
            "x": 0.05,
            "y": 0.5
          },
          "kind": "list",
          "text": "Capital expenditures allocated 80% to intangible drilling costs (\"IDCs\") and 20% to tangible drilling costs (\"TDCs\")",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "02721b37-b382-4299-a9e0-4a8b8ff44698",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.9,
            "x": 0.05,
            "y": 0.66
          },
          "kind": "list",
          "text": "Escrow funding payments of $5.0 million per year through 2017 to support the funding requirements related to the 2007 oil and gas acquisition property reclamation obligations",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "2ed9ece5-f113-4d0d-a156-442cd253b74e",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.06,
            "w": 0.9,
            "x": 0.05,
            "y": 0.11
          },
          "kind": "list",
          "text": "Lineham Creek Yegua wells assumed to cost $60.0 million to drill, $40.0 million to complete, $43.0 million to equip and tie-in and have a condensate ratio of 50.0 bbl/MMcf",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3d148c86-029b-41ef-8075-953ed8b10508",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.9,
            "x": 0.05,
            "y": 0.46
          },
          "kind": "list",
          "text": "Included sulphur reclamation expense at a PV-10 value of $18.6 million",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "44c336d3-fc6d-42f8-b20d-aad2193b4af4",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.87,
            "x": 0.08,
            "y": 0.54
          },
          "kind": "list",
          "text": "IDCs are expensed as incurred and TDCs are depreciated using a 7-year MACRS schedule",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "468ee839-57c6-4b77-9a07-92b56570257b",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.9,
            "x": 0.05,
            "y": 0.41
          },
          "kind": "list",
          "text": "Insurance cost of $15.0 million per year plus an incremental insurance cost for the ultra-deep of 25% of ultra-deep lease operating expense",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "4ea3224d-ba31-4871-a12b-03f5621e6ed8",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.9,
            "x": 0.05,
            "y": 0.32
          },
          "kind": "list",
          "text": "Effective date of October 1, 2012",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "566b2264-3eb2-464e-9d62-5b12af6a633c",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.9,
            "x": 0.05,
            "y": 0.23
          },
          "kind": "list",
          "text": "NYMEX strip pricing as of December 3, 2012 through 2017E and then held flat thereafter",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "972456ae-8cec-42cb-bd22-e39c27787e0d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.9,
            "x": 0.05,
            "y": 0.58
          },
          "kind": "list",
          "text": "Utilization of estimated U.S. Federal net operating loss carry forwards of $717.0 million as of December 31, 2011",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a06b213b-ecfd-44aa-a4dc-3ab5917cfe00",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.87,
            "x": 0.08,
            "y": 0.27
          },
          "kind": "list",
          "text": "Three sensitivity cases: $75.00/Bbl oil, $3.00/MMBtu gas; $90.00/Bbl oil, $4.00/MMBtu gas; $105.00/Bbl oil, $5.00/MMBtu gas held flat",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "caad93cf-1a3d-4b9b-8151-ca72b5b91661",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.9,
            "x": 0.05,
            "y": 0.18
          },
          "kind": "list",
          "text": "Operating costs are $150,000 per well per month plus $0.15 per Mcfe of transportation costs (as per MMR estimates)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "ce57b66b-f1ba-489e-9f7f-60b93cf2679e",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.04,
            "w": 0.9,
            "x": 0.05,
            "y": 0.36
          },
          "kind": "list",
          "text": "G&A expense of $40.0 million per year plus an incremental $30.0 million per year of ultra-deep G&A beginning in 2014E",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "d61abc90-ee9f-4781-96f7-8fbeb660ca17",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.02,
            "w": 0.9,
            "x": 0.05,
            "y": 0.62
          },
          "kind": "list",
          "text": "U.S. Federal income tax rate of 35.0%",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "f1e3dccc-5b06-4d7f-b3e4-a96e476bc54a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.45,
            "x": 0.05,
            "y": 0.06
          },
          "kind": "title",
          "text": "Net Asset Value Analysis – Assumptions (cont'd)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "81a39367-050a-461e-9f30-a7142d948f22",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.05,
            "y": 0.02
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.372+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "e87db6b6-e221-4c13-8f6b-d82ba077d1b4",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Cognitive Load",
            "slug": "cognitive-load",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-94f5-73dd-8446-ab3f7941bee7",
            "version": 1,
            "bodyDocId": null,
            "description": "Total mental effort required to process information - minimize unnecessary complexity",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d4d0-77c2-be72-31fc469482e7",
          "evidence": "Slide is overcrowded with cost and tax minutiae.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 45,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 17,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d4a4-7334-aac5-731c8ba55717",
          "evidence": "Long assumption list grouped under 13 headings.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 17,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "List presentation",
            "slug": "list-presentation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1",
            "version": 1,
            "bodyDocId": null,
            "description": "Bulleted, numbered, or checklist enumerations.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "de30ddd6-e186-4b1e-b1d2-32fba2e34696",
          "evidence": "The slide contains a list of bullet points with detailed assumptions for the Net Asset Value Analysis.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-17 03:29:59.928524+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 17,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 20,
          "from": 16,
          "loop": {
            "name": "52_sensitivity_test",
            "slug": "52-sensitivity-test",
            "status": "active",
            "bestFor": "Financial models, forecasting, risk assessment",
            "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
            "description": "Show how conclusions change (or don't) when key assumptions vary",
            "familyLabel": null
          },
          "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 18,
      "type": "analysis",
      "title": "Data tables show reserves in MMBbl, MMcf, and PV-10 in $MM.",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 67,
        "componentCount": 7,
        "textChars": 649,
        "nDataPoints": 135,
        "notes": "Data tables show reserves in MMBbl, MMcf, and PV-10 in $MM.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:55.077+00",
          "seconds": 6.708,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/18",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-18",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.2,
            "w": 0.15,
            "x": 0.16,
            "y": 0.4
          },
          "kind": "chart",
          "text": "Product Mix breakdown",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Pie chart",
              "slug": "pie",
              "status": "active",
              "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "pie",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1f65b153-8833-4066-aa32-100de2fbb10c",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.2,
            "w": 0.15,
            "x": 0.16,
            "y": 0.7
          },
          "kind": "chart",
          "text": "Onshore vs. Offshore breakdown",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Pie chart",
              "slug": "pie",
              "status": "active",
              "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "pie",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6b97457a-5285-4a28-bf26-51fe76a46bae",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.2,
            "w": 0.15,
            "x": 0.02,
            "y": 0.7
          },
          "kind": "chart",
          "text": "Operated Status breakdown",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Pie chart",
              "slug": "pie",
              "status": "active",
              "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "pie",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "bf4eae10-3837-4bbc-a0be-304c6b27a32b",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.2,
            "w": 0.15,
            "x": 0.02,
            "y": 0.4
          },
          "kind": "chart",
          "text": "Reserve Category breakdown",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Pie chart",
              "slug": "pie",
              "status": "active",
              "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "pie",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "fdcb54f8-286b-44df-b613-23b95f40229f",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.25,
            "w": 0.3,
            "x": 0.02,
            "y": 0.1
          },
          "kind": "list",
          "text": "Ryder Scott prepared an estimate of the proved, probable and possible reserves, future production and income attributable to MMR. The effective date of the Reserve Report is July 1, 2012. Evercore's technical team has mechanically rolled the Reserve Report forward to an effective date of October 1, 2012. Evercore has also adjusted the Reserve Report for asset sales at West Delta, Mississippi Canyon and Eugene Island.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "0704d3af-20a3-4428-ab2b-499afd8095b0",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.85,
            "w": 0.6,
            "x": 0.35,
            "y": 0.08
          },
          "kind": "table",
          "text": "Ryder Scott Reserves tables for Gulf of Mexico Shelf, Gulf Coast Onshore, and Total Conventional Assets",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "adcf0923-5e0a-4402-a093-d43a87d17111",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.3,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Reserve Report – Summary",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:55.077+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "fdaa16c3-f360-4232-b1d1-535214c572c0",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d552-76de-a773-f4f9fcfe5b49",
          "evidence": "Per-segment labels on each chart wedge/bar.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 18,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d526-707b-a551-7e5f9d0d7a3c",
          "evidence": "Pie/bar charts split MMBbl, MMcf, PV-10.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 18,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Small Multiples",
            "slug": "small-multiples",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b32d-7586-b368-baa1dd388ed4",
            "version": 1,
            "bodyDocId": null,
            "description": "Repeating similar charts for comparison across categories or time",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d4fc-723e-b3b4-e01a0725e367",
          "evidence": "Four parallel charts compare reserve categories side-by-side.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 75,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 18,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Table data",
            "slug": "table-data",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
            "version": 1,
            "bodyDocId": null,
            "description": "Tabular layouts of structured data.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "e736bd5b-c9da-45f7-8fcb-74961502ca97",
          "evidence": "The slide includes a table with Ryder Scott Reserves for various assets.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.8,
          "extraction": {
            "at": "2026-07-17 03:30:00.006117+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 18,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-db58-73b9-8620-a12b008c8869",
          "evidence": "Ryder Scott estimates split by category and product mix.",
          "framework": null,
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 18,
          "frameworkName": "Reserve categorization (1P/2P/3P, proved vs probable)"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 20,
          "from": 16,
          "loop": {
            "name": "52_sensitivity_test",
            "slug": "52-sensitivity-test",
            "status": "active",
            "bestFor": "Financial models, forecasting, risk assessment",
            "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
            "description": "Show how conclusions change (or don't) when key assumptions vary",
            "familyLabel": null
          },
          "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 19,
      "type": "analysis",
      "title": "The table includes metrics such as WI, NRI, Gross/Net Unrisked Resource Potential, Geologic/Mechanical COS, and Gross/Net Risked Resource Potential.",
      "function": "analyze_data",
      "rawType": "data_table",
      "block": null,
      "metadata": {
        "slideType": "data_table",
        "slideTypeCanon": {
          "name": "Data table",
          "slug": "data_table",
          "status": "active",
          "canonId": "019de52d-0bbd-71b9-9918-417f904abbf8",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 18,
        "componentCount": 3,
        "textChars": 95,
        "nDataPoints": 250,
        "notes": "The table includes metrics such as WI, NRI, Gross/Net Unrisked Resource Potential, Geologic/Mechanical COS, and Gross/Net Risked Resource Potential.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:53.692+00",
          "seconds": 5.306,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/19",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-19",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.15,
            "x": 0.08,
            "y": 0.02
          },
          "kind": "paragraph",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4",
              "version": 1,
              "description": "Single prose block in the body of a slide."
            },
            "tool": null,
            "subkind": {
              "name": "Paragraph",
              "slug": "paragraph",
              "status": "active",
              "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "paragraph",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.692+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "4e0a680a-3500-45ff-9c91-a9627859767a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.78,
            "w": 0.85,
            "x": 0.08,
            "y": 0.11
          },
          "kind": "table",
          "text": "Risked Volume Potential for MMR's Ultra-Deep Assets",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.692+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "0b0a8780-64ff-44bb-bd86-3273a4279723",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.3,
            "x": 0.08,
            "y": 0.06
          },
          "kind": "title",
          "text": "Ultra-Deep Assets Overview",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.692+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "634e4c0a-8a61-4cef-93fa-45e4ebdb8657",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d5a7-71aa-8829-d17a63278ec9",
          "evidence": "Offshore vs onshore, prospects vs discoveries split.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 19,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d57d-74cf-96ab-8e226730511e",
          "evidence": "Dense risked-volume table with restrained styling.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 19,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Table data",
            "slug": "table-data",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
            "version": 1,
            "bodyDocId": null,
            "description": "Tabular layouts of structured data.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "5c86911d-8743-47f5-954e-9099069b1e2d",
          "evidence": "The slide presents a table with Risked Volume Potential for MMR's Ultra-Deep Assets.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-17 03:30:00.097267+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 19,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 20,
          "from": 16,
          "loop": {
            "name": "52_sensitivity_test",
            "slug": "52-sensitivity-test",
            "status": "active",
            "bestFor": "Financial models, forecasting, risk assessment",
            "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
            "description": "Show how conclusions change (or don't) when key assumptions vary",
            "familyLabel": null
          },
          "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 20,
      "type": "analysis",
      "title": "The table uses a multi-column structure to compare different commodity price scenarios (NYMEX Strip, $75/$3, $90/$4, $105/$5) across low and high discount rate ",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 20,
        "componentCount": 3,
        "textChars": 155,
        "nDataPoints": 160,
        "notes": "The table uses a multi-column structure to compare different commodity price scenarios (NYMEX Strip, $75/$3, $90/$4, $105/$5) across low and high discount rate assumptions.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.011+00",
          "seconds": 2.58,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/20",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-20",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.15,
            "x": 0.8,
            "y": 0.07
          },
          "kind": "subtitle",
          "text": "($ in millions)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Subtitle",
              "slug": "subtitle",
              "status": "active",
              "canonId": "82d821ee-2793-42e7-8f16-c6131385a3ce",
              "version": 1,
              "description": "Header-zone supporting text near the title (= ex body.description with bbox)."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.011+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "2ffb3d5e-d4bf-430c-9f6e-14cfd44e3237",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.78,
            "w": 0.96,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "table",
          "text": "NAV Summary table with rows for reserves, asset values, liabilities, and equity value per share.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.011+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "d33ab772-ef62-42c7-91ba-2b2de7ca3ca9",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.45,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Net Asset Value Analysis – Price Sensitivity",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.011+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "62fc4d64-7e03-4dbd-8756-149945e99d36",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Framing Effect",
            "slug": "framing-effect",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-97be-77c8-8c04-5de78eaad0a1",
            "version": 1,
            "bodyDocId": null,
            "description": "How information is presented dramatically affects perception and decisions",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect",
            "Storyteller"
          ],
          "matchId": "019deab3-d626-7548-8ba6-5aefd1d532b7",
          "evidence": "Range framed across NYMEX strip and stress decks.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 50,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 20,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d5d1-7453-a31d-7beedb7b9751",
          "evidence": "Two-way price/discount-rate sensitivity matrix.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 78,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 20,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Color Strategy",
            "slug": "color-strategy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
            "version": 1,
            "bodyDocId": null,
            "description": "Using color for emphasis, categories, sentiment, and hierarchy",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d5fc-7458-9de3-7cb0937551f5",
          "evidence": "Banded shading separates price scenarios.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 20,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-db82-777c-b08c-731deb67c9c1",
          "evidence": "Two-way matrix of NYMEX strip vs discount rates.",
          "framework": null,
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 20,
          "frameworkName": "Scenario / sensitivity analysis"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 20,
          "from": 16,
          "loop": {
            "name": "52_sensitivity_test",
            "slug": "52-sensitivity-test",
            "status": "active",
            "bestFor": "Financial models, forecasting, risk assessment",
            "canonId": "019dd956-7b0e-74b9-99b0-3ad5b779c5dc",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Base Case -> Assumption A Varies -> Assumption B Varies -> Robustness of Conclusion",
            "description": "Show how conclusions change (or don't) when key assumptions vary",
            "familyLabel": null
          },
          "matchId": "019deab3-ce17-7459-ac60-742462e01e7c",
          "evidence": "NAV assumptions pp.16-17, reserves p.18, ultra-deep p.19, NYMEX/discount-rate sensitivity p.20.",
          "position": 4,
          "objective": "Build the NAV case and stress it across price decks and discount rates",
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 21,
      "type": "setup",
      "title": "Includes two distinct tables: Conventional Assets Trading Peers and Ultra-Deep Assets Trading Peers.",
      "function": "compare_peers",
      "rawType": "peer_benchmark",
      "block": null,
      "metadata": {
        "slideType": "peer_benchmark",
        "slideTypeCanon": {
          "name": "Peer benchmark",
          "slug": "peer_benchmark",
          "status": "active",
          "canonId": "019de52d-08f0-7158-a78d-d7b5331fefaf",
          "version": 1,
          "description": null
        },
        "function": "compare_peers",
        "functionCanon": {
          "name": "Compare peers",
          "slug": "compare_peers",
          "status": "active",
          "canonId": "019de52d-1453-72ba-a367-9ba3d34c1630",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 26,
        "componentCount": 4,
        "textChars": 183,
        "nDataPoints": 150,
        "notes": "Includes two distinct tables: Conventional Assets Trading Peers and Ultra-Deep Assets Trading Peers.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:50.759+00",
          "seconds": 2.225,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/21",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-21",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.1,
            "w": 0.8,
            "x": 0.02,
            "y": 0.82
          },
          "kind": "source-note",
          "text": "Source: FactSet. Notes: Proved reserves as of latest published reserve report...",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.759+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "cda22544-835a-4e6f-a709-b6fd88b0dbae",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.25,
            "w": 0.96,
            "x": 0.02,
            "y": 0.46
          },
          "kind": "table",
          "text": "Ultra-Deep Assets Trading Peers table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.759+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "81bab179-e709-4c00-a8a6-0dfe6ef2bf32",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.96,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "table",
          "text": "Conventional Assets Trading Peers table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.759+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c287b289-670f-4bbe-a360-4685a5eeaa13",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.3,
            "x": 0.02,
            "y": 0.07
          },
          "kind": "title",
          "text": "Peer Group Trading Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.759+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "20f3be1c-998a-4c4d-b63e-132b287b3104",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d67e-740e-b049-03abfdc20942",
          "evidence": "Conventional vs Ultra-Deep peer groupings.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 21,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Contrast Principle",
            "slug": "contrast-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-bf0f-73ae-b9df-e60508cdaa65",
            "version": 1,
            "bodyDocId": null,
            "description": "Higher visual weight draws attention - use contrast strategically for emphasis",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d6a8-72f9-bfa1-52093056dc95",
          "evidence": "MMR highlighted row stands out against peer rows.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 21,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d651-7557-93f9-9dbf79797aab",
          "evidence": "Two compact peer tables, minimal decoration.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 21,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Table data",
            "slug": "table-data",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
            "version": 1,
            "bodyDocId": null,
            "description": "Tabular layouts of structured data.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "89b87d39-f130-45b4-af71-ec309d84d52a",
          "evidence": "The slide contains tables comparing Conventional and Ultra-Deep Assets Trading Peers.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.7,
          "extraction": {
            "at": "2026-07-17 03:30:00.218268+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 21,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dbac-71a7-a0be-b0e45ca19953",
          "evidence": "Conventional and Ultra-Deep peer multiples vs MMR row.",
          "framework": null,
          "confidence": 85,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 21,
          "frameworkName": "Peer group benchmarking"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 22,
          "from": 21,
          "loop": {
            "name": "39_benchmark_gap",
            "slug": "39-benchmark-gap",
            "status": "active",
            "bestFor": "Performance improvement, competitive analysis, target setting",
            "canonId": "019dd956-75a4-7522-8d1a-af94da4703e9",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
            "description": "Compare performance against best-in-class to quantify the opportunity",
            "familyLabel": null
          },
          "matchId": "019deab3-ce43-74c5-8c68-168a1f420609",
          "evidence": "Conventional and ultra-deep peer tables with MMR row highlighted then valuation summary.",
          "position": 5,
          "objective": "Benchmark MMR against trading peers to derive an implied per-share value",
          "confidence": 84,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 22,
      "type": "analysis",
      "title": "Includes adjustments for cash, debt, and preferred shares to reach equity value.",
      "function": "compare_peers",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "compare_peers",
        "functionCanon": {
          "name": "Compare peers",
          "slug": "compare_peers",
          "status": "active",
          "canonId": "019de52d-1453-72ba-a367-9ba3d34c1630",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 22,
        "componentCount": 3,
        "textChars": 224,
        "nDataPoints": 36,
        "notes": "Includes adjustments for cash, debt, and preferred shares to reach equity value.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:50.664+00",
          "seconds": 2.08,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/22",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-22",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.3,
            "x": 0.02,
            "y": 0.89
          },
          "kind": "source-note",
          "text": "(1) Based on Company provided reserve and I/B/E/S estimates",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.664+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "f8dc8d42-69f9-4ac3-9c16-fbff75e91d09",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.75,
            "w": 0.96,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "table",
          "text": "Peer Group Trading Analysis table showing metrics, multiples, and value ranges for conventional and ultra-deep assets.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.664+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a1a36582-175c-4de3-b6a0-379703fabb7a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Peer Group Trading Analysis – Valuation Summary",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.664+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a8af3d1b-d9fe-4303-b129-4ac4b1b26717",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d6d3-74e9-ae5d-c4968244babf",
          "evidence": "Single table funnels assumptions to per-share output.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 22,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 22,
          "from": 21,
          "loop": {
            "name": "39_benchmark_gap",
            "slug": "39-benchmark-gap",
            "status": "active",
            "bestFor": "Performance improvement, competitive analysis, target setting",
            "canonId": "019dd956-75a4-7522-8d1a-af94da4703e9",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
            "description": "Compare performance against best-in-class to quantify the opportunity",
            "familyLabel": null
          },
          "matchId": "019deab3-ce43-74c5-8c68-168a1f420609",
          "evidence": "Conventional and ultra-deep peer tables with MMR row highlighted then valuation summary.",
          "position": 5,
          "objective": "Benchmark MMR against trading peers to derive an implied per-share value",
          "confidence": 84,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 23,
      "type": "evidence",
      "title": "Includes summary statistics (Max, Min, Mean, Median) at the bottom of the table.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 23,
        "componentCount": 3,
        "textChars": 233,
        "nDataPoints": 250,
        "notes": "Includes summary statistics (Max, Min, Mean, Median) at the bottom of the table.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:53.652+00",
          "seconds": 5.025,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/23",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-23",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.6,
            "x": 0.05,
            "y": 0.88
          },
          "kind": "source-note",
          "text": "Source: IHS Herold. (1) Represents 19% of the total transaction value which is the share McMoRan allocated to proved reserves.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.652+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "a6be2c62-3abe-42f0-9e51-70c1db409036",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.6,
            "w": 0.9,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "table",
          "text": "Selected Precedent Gulf of Mexico Shelf M&A Transactions table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.652+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "20802ba5-5327-4264-a44e-47ac3fe4ef7a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.05,
            "y": 0.06
          },
          "kind": "title",
          "text": "Precedent Transactions – Gulf of Mexico Shelf",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.652+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "469f5e47-8cb0-4863-96cf-971fd0c560dd",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d728-708d-af81-e6ca7af66c7b",
          "evidence": "Max/Min/Mean/Median rows annotate distribution.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 23,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d6fe-74c4-a8b8-91a82c8d1244",
          "evidence": "Compact deal table with summary stats.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 23,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Table data",
            "slug": "table-data",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
            "version": 1,
            "bodyDocId": null,
            "description": "Tabular layouts of structured data.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "e5e38e3f-c599-41fd-9023-9cde7baebda7",
          "evidence": "The slide includes a table of Selected Precedent Gulf of Mexico Shelf M&A Transactions.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.7,
          "extraction": {
            "at": "2026-07-17 03:30:00.342592+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 23,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dbd7-737f-bada-caed70eaccea",
          "evidence": "Historical GoM Shelf M&A deals with implied multiples.",
          "framework": null,
          "confidence": 90,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 23,
          "frameworkName": "Precedent transactions"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 24,
      "type": "evidence",
      "title": "The table includes summary statistics (Maximum, Minimum, Mean, Median) at the bottom.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 24,
        "componentCount": 4,
        "textChars": 139,
        "nDataPoints": 140,
        "notes": "The table includes summary statistics (Maximum, Minimum, Mean, Median) at the bottom.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.279+00",
          "seconds": 2.634,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/24",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-24",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.1,
            "x": 0.05,
            "y": 0.92
          },
          "kind": "source-note",
          "text": "Source: IHS Herold",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.279+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "430781ca-4e5b-4758-ab74-06f2a7cbaa75",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.5,
            "w": 0.9,
            "x": 0.05,
            "y": 0.11
          },
          "kind": "table",
          "text": "Selected Precedent Gulf Coast Onshore M&A Transactions table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.279+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "8779cef7-9eee-4d88-9b98-2ea5498e5190",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.25,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.279+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6faebff6-b832-4c7e-9247-dc85ba505691",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.45,
            "x": 0.05,
            "y": 0.09
          },
          "kind": "title",
          "text": "Precedent Transactions – Gulf Coast Onshore",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Subtitle",
              "slug": "subtitle",
              "status": "active",
              "canonId": "019de52c-fb09-739d-900c-815b0d9ac526",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "subtitle",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.279+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "143cad02-3922-4e03-ab2e-83ee019757e5",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d755-7649-a358-2580ebd12d42",
          "evidence": "Gulf Coast Onshore deal table, summary footer.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 24,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Valuation: Precedent transactions",
            "slug": "precedent-transactions",
            "status": "active",
            "bestFor": null,
            "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
            "version": 1,
            "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
            "description": "You apply multiples derived from comparable historical M&A transactions",
            "familyLabel": "valuation-move",
            "categoryName": "Analysis",
            "categorySlug": "analysis"
          },
          "agent": "architect",
          "layer": "slide",
          "agents": [
            "architect"
          ],
          "matchId": "92774cf2-ddd7-43a2-9c49-48fd3402789b",
          "evidence": "Precedent Transactions – Gulf Coast Onshore",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-16 23:20:51.898703+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 24,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 25,
      "type": "evidence",
      "title": "Includes summary statistics (Max, Min, Mean, Median) for the GOM Deepwater section.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 53,
        "componentCount": 5,
        "textChars": 733,
        "nDataPoints": 45,
        "notes": "Includes summary statistics (Max, Min, Mean, Median) for the GOM Deepwater section.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:56.964+00",
          "seconds": 8.278,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/25",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-25",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.6,
            "x": 0.09,
            "y": 0.87
          },
          "kind": "source-note",
          "text": "Source: IHS Herolds. (1) Represents 81% of the total transaction value which is the share McMoRan allocated to unevaluated oil and gas property.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.964+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c9d4c411-1438-43d2-a2bd-09f1b245cc88",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.78,
            "x": 0.11,
            "y": 0.11
          },
          "kind": "table",
          "text": "GOM Deepwater (Net Recoverable Resources) table with columns: Date, Buyer, Seller, Trans. Value ($MM), Net Recoverable Resources (Bcfe), Implied Value / Net Recoverable Resources ($/Mcfe), HHUB 12-Mo Strip ($/MMBtu), WTI 12-Mo Strip ($/bbl)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.964+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "340ebb9d-eff9-4563-a467-b9628899c6b3",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.15,
            "w": 0.78,
            "x": 0.11,
            "y": 0.53
          },
          "kind": "table",
          "text": "Ultra-Deep Shelf (Net Unrisked Potential) table with columns: Date, Buyer, Seller, Trans. Value ($MM), Ultra-Deep Net Unrisked Potential (Tcf), Transaction Value / Ultra-Deep Net Unrisked Potential ($/Mcfe), HHUB 12-Mo Strip ($/MMBtu), WTI 12-Mo Strip ($/bbl)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.964+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6fad45b0-d8d5-4a0f-9dc4-4b1b3ebb9883",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.65,
            "x": 0.09,
            "y": 0.06
          },
          "kind": "title",
          "text": "Precedent Transactions – GOM Deepwater (Non-Proved) and Ultra-Deep Shelf",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.964+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6bd0a6f5-24c1-4562-8966-f5d53f95eb78",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.15,
            "x": 0.09,
            "y": 0.02
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.964+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "df50384c-9349-419e-9061-107a5a44d61c",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d77f-72fd-9bb7-76e1d1f41c2f",
          "evidence": "Two precedent tables side by side, lean styling.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 25,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Valuation: Precedent transactions",
            "slug": "precedent-transactions",
            "status": "active",
            "bestFor": null,
            "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
            "version": 1,
            "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
            "description": "You apply multiples derived from comparable historical M&A transactions",
            "familyLabel": "valuation-move",
            "categoryName": "Analysis",
            "categorySlug": "analysis"
          },
          "agent": "architect",
          "layer": "slide",
          "agents": [
            "architect"
          ],
          "matchId": "7708a095-2aae-4dd0-b0e7-eabc49b18d39",
          "evidence": "Precedent Transactions – GOM Deepwater (Non-Proved) and Ultra-Deep Shelf",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-16 23:20:51.966699+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 25,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 26,
      "type": "evidence",
      "title": "The table provides a comprehensive breakdown of asset valuations based on resource potential (unrisked/risked) and specific valuation metrics per Bcf.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 19,
        "componentCount": 3,
        "textChars": 120,
        "nDataPoints": 180,
        "notes": "The table provides a comprehensive breakdown of asset valuations based on resource potential (unrisked/risked) and specific valuation metrics per Bcf.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:50.968+00",
          "seconds": 2.221,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/26",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-26",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.75,
            "w": 0.9,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "table",
          "text": "Ultra-Deep Shelf Valuation Precedent Transactions table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.968+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "17e2b583-0c16-4e1e-ba0c-34d8e7d14ff6",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.968+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "56e5eb52-c3a4-472c-aa3d-3949364ee775",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.05,
            "y": 0.1
          },
          "kind": "title",
          "text": "Precedent Transactions – Ultra-Deep Shelf Value",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:50.968+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "ce1ad6f2-da01-45d6-aa3e-96a39d34a038",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d7aa-70f9-a1e4-d9e75ff5be08",
          "evidence": "Resource-potential precedent table.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 26,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Valuation: Precedent transactions",
            "slug": "precedent-transactions",
            "status": "active",
            "bestFor": null,
            "canonId": "019df269-22b0-70fc-b5b7-8d6ee69c15dd",
            "version": 1,
            "bodyDocId": "019df22a-9e2b-7165-a5f9-f94a9758ce38",
            "description": "You apply multiples derived from comparable historical M&A transactions",
            "familyLabel": "valuation-move",
            "categoryName": "Analysis",
            "categorySlug": "analysis"
          },
          "agent": "architect",
          "layer": "slide",
          "agents": [
            "architect"
          ],
          "matchId": "5328ff27-7eb9-425f-9683-6e8808ee2547",
          "evidence": "Precedent Transactions – Ultra-Deep Shelf Value",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-16 23:20:52.031871+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 26,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 27,
      "type": "analysis",
      "title": "The slide uses a standard precedent transaction valuation methodology to derive an implied equity value per share range.",
      "function": "quantify_impact",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "quantify_impact",
        "functionCanon": {
          "name": "Quantify impact",
          "slug": "quantify_impact",
          "status": "active",
          "canonId": "019de52d-1630-720d-b57d-fa7f76bebd8d",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 17,
        "componentCount": 2,
        "textChars": 178,
        "nDataPoints": 40,
        "notes": "The slide uses a standard precedent transaction valuation methodology to derive an implied equity value per share range.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.844+00",
          "seconds": 3.061,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/27",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-27",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.75,
            "w": 0.9,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "table",
          "text": "Valuation table detailing metrics, multiples, and value ranges for various asset classes, culminating in implied equity value per share.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.844+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1112c859-10c9-4f48-9de1-abf58f2bbe4a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Precedent Transactions – Valuation Summary",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.844+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "35897a50-f1cc-49a2-b03c-44f65481d072",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d7d6-73d2-a78d-3db00acef644",
          "evidence": "Single output table integrating prior precedents.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 27,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 28,
      "type": "evidence",
      "title": "Data source: IHS Herold, FactSet. Includes transactions > $100 million.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 26,
        "componentCount": 3,
        "textChars": 297,
        "nDataPoints": 250,
        "notes": "Data source: IHS Herold, FactSet. Includes transactions > $100 million.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.56+00",
          "seconds": 2.643,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/28",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-28",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.04,
            "w": 0.4,
            "x": 0.03,
            "y": 0.88
          },
          "kind": "source-note",
          "text": "Source: IHS Herold, FactSet. Note: Only includes transactions greater than $100 million",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.56+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "4eed0a95-5923-422d-8444-5adce2ce5265",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.75,
            "w": 0.94,
            "x": 0.03,
            "y": 0.12
          },
          "kind": "table",
          "text": "Table containing 16 rows of transaction data with columns for Date, Buyer, Seller, Transaction Value, Equity Value, Multiples (Cash Flow, EBITDA), Premiums, and Statistics.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.56+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "847d7de7-c592-4987-ac19-90fb1e530202",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.45,
            "x": 0.03,
            "y": 0.06
          },
          "kind": "title",
          "text": "Precedent M&A Transactions – Corporate",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.56+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "36ca1f1e-8744-45ee-83a1-f5de97ea8dd5",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Annotation",
            "slug": "annotation",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c",
            "version": 1,
            "bodyDocId": null,
            "description": "Adding explanatory labels to highlight key data points",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d82c-70c7-a02d-ec4bebcb634e",
          "evidence": "Source footnotes clarify $100M+ filter.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 28,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d800-7543-9674-182419f1a413",
          "evidence": "Corporate M&A deal table with multiples and premiums.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 28,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dc02-763c-a2ca-735369805d25",
          "evidence": "Corporate M&A deal table with multiples and premiums.",
          "framework": null,
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 28,
          "frameworkName": "Precedent corporate M&A"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 29,
      "type": "evidence",
      "title": "Includes bridge from Enterprise Value to Implied Equity Value per Share.",
      "function": "cite_precedent",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "cite_precedent",
        "functionCanon": {
          "name": "Cite precedent",
          "slug": "cite_precedent",
          "status": "active",
          "canonId": "019de52d-142b-714b-86d4-58aad7b568ec",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 19,
        "componentCount": 3,
        "textChars": 151,
        "nDataPoints": 60,
        "notes": "Includes bridge from Enterprise Value to Implied Equity Value per Share.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:51.762+00",
          "seconds": 2.721,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/29",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-29",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.2,
            "x": 0.05,
            "y": 0.9
          },
          "kind": "source-note",
          "text": "(1) Estimates as per MMR Operating Model",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.762+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "16c8cece-cbf1-408e-96dd-cc3fe888a85f",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.7,
            "w": 0.9,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "table",
          "text": "Valuation summary table with metrics, multiples, and value ranges",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.762+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "af8f3922-7007-46e6-aa41-52c1fa3b4c01",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Precedent M&A Transactions – Valuation Summary",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:51.762+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c9a615d7-4724-4d57-bfdc-bf9863d13407",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 30,
      "type": "analysis",
      "title": "Includes public corporate takeover transactions announced or closed in 2012 YTD between $1.0 billion and $10.0 billion.",
      "function": "analyze_data",
      "rawType": "data_table",
      "block": null,
      "metadata": {
        "slideType": "data_table",
        "slideTypeCanon": {
          "name": "Data table",
          "slug": "data_table",
          "status": "active",
          "canonId": "019de52d-0bbd-71b9-9918-417f904abbf8",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 41,
        "componentCount": 5,
        "textChars": 394,
        "nDataPoints": 120,
        "notes": "Includes public corporate takeover transactions announced or closed in 2012 YTD between $1.0 billion and $10.0 billion.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:52.42+00",
          "seconds": 3.04,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/30",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-30",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.5,
            "x": 0.05,
            "y": 0.88
          },
          "kind": "source-note",
          "text": "Source: Capital IQ. Note: Includes public corporate takeover transactions announced or closed in 2012 YTD between $1.0 billion and $10.0 billion.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Source note",
              "slug": "source-note",
              "status": "active",
              "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948",
              "version": 1,
              "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.42+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "9637945a-79f6-4cf4-800f-9e1cc152fd81",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.6,
            "w": 0.9,
            "x": 0.05,
            "y": 0.1
          },
          "kind": "table",
          "text": "Table of 20 transactions with dates, targets, buyers, values, and premiums",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.42+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "54212e44-0964-49d4-b367-70a7a2f1999e",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.22,
            "w": 0.67,
            "x": 0.28,
            "y": 0.68
          },
          "kind": "table",
          "text": "Selected Valuation Range table with premiums and implied equity value range",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.42+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "60a68818-606e-415d-ad83-17b080afb243",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.05,
            "y": 0.02
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.42+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6b193f18-e96b-4f84-bc01-d2beedc20fdc",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.9,
            "x": 0.05,
            "y": 0.06
          },
          "kind": "title",
          "text": "Precedent M&A Transactions – Corporate Takeover Premiums – 100% Cash Consideration",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.42+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "7b7c2a7f-ce55-4b23-b0a7-df8a35338524",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d880-779a-87fe-a07c867db3f9",
          "evidence": "Premium time windows chunked into columns.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 30,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d855-75c9-b3a2-33797570484a",
          "evidence": "Cash-takeover premium table 1d/5d/1m intervals.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 30,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dc2c-747f-afb0-6a794807ba9a",
          "evidence": "1-day/5-day/1-month takeover-premium benchmarks.",
          "framework": null,
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 30,
          "frameworkName": "Takeover premium analysis"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 30,
          "from": 23,
          "loop": {
            "name": "09_precedent",
            "slug": "09-precedent",
            "status": "active",
            "bestFor": "Risk mitigation, strategy validation, building confidence in new approaches",
            "canonId": "019dd956-695f-7615-8f82-39d919918314",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Precedent Case -> What Happened -> The Parallel -> Applied Learning",
            "description": "Use historical or external examples to validate your approach",
            "familyLabel": null
          },
          "matchId": "019deab3-ce6d-70db-8cf7-804f84d99933",
          "evidence": "GoM Shelf, Gulf Coast, Deepwater, corporate M&A precedent tables and 100% cash takeover premiums.",
          "position": 6,
          "objective": "Use historical M&A precedents to bracket implied value and takeover premium",
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 31,
      "type": "analysis",
      "title": "Includes a footnote explaining the discounted price target calculation.",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 54,
        "componentCount": 6,
        "textChars": 514,
        "nDataPoints": 60,
        "notes": "Includes a footnote explaining the discounted price target calculation.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:52.577+00",
          "seconds": 3.021,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/31",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-31",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.25,
            "w": 0.2,
            "x": 0.75,
            "y": 0.15
          },
          "kind": "chart",
          "text": "Analyst Recommendations pie chart showing Buy (50%), Hold (30%), and Sell (20%).",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Chart",
              "slug": "chart",
              "status": "active",
              "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8",
              "version": 1,
              "description": "Quantitative chart."
            },
            "tool": null,
            "subkind": {
              "name": "Pie chart",
              "slug": "pie",
              "status": "active",
              "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "pie",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c4c635af-f439-4989-a575-c0f5cf09b48d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.6,
            "x": 0.02,
            "y": 0.9
          },
          "kind": "disclaimer",
          "text": "(1) Analyst 12-month price target discounted back to present value at McMoRan's equity cost of capital of 13.3% to estimate a current share price target.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1924ed1c-bc88-44a0-9b88-b543fa9d004d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.15,
            "w": 0.35,
            "x": 0.35,
            "y": 0.48
          },
          "kind": "table",
          "text": "Summary statistics table for Price Target and Premium/Discount to Market (Max, Min, Median, Average).",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "26c8c8ab-f754-428a-8f70-fc791d8a8a11",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.65,
            "x": 0.02,
            "y": 0.15
          },
          "kind": "table",
          "text": "Summary Price Targets table with firm, analyst, recommendation, date, price target, and discounted price target.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "610b84ea-30b2-4962-bf54-a07637f5037d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.2,
            "x": 0.02,
            "y": 0.02
          },
          "kind": "title",
          "text": "Financial Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "3f7efad9-e54a-41ea-8da9-12838b8b236a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.02,
            "y": 0.05
          },
          "kind": "title",
          "text": "Research Analyst Recommendations and Price Targets",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.577+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "ea0ade2e-b89b-4cb1-8069-eadffbb91456",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Authority Bias",
            "slug": "authority-bias",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-c38d-70b9-a284-b2b479763356",
            "version": 1,
            "bodyDocId": null,
            "description": "Expert opinions are weighted more heavily - cite credible sources",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Storyteller",
          "layer": "slide",
          "agents": [
            "Architect",
            "Storyteller"
          ],
          "matchId": "019deab3-d8d6-71ff-9e09-0950a299f036",
          "evidence": "Borrows credibility from named research analysts.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 31,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d8ab-730d-af79-1f5309903bfa",
          "evidence": "Pie chart shows buy/hold/sell distribution.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 75,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 31,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Color Strategy",
            "slug": "color-strategy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
            "version": 1,
            "bodyDocId": null,
            "description": "Using color for emphasis, categories, sentiment, and hierarchy",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d900-733d-86eb-cccbec6a4db3",
          "evidence": "Pie segments color-coded by recommendation.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 31,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dc58-7236-8191-b94f3ec0265c",
          "evidence": "Pie chart of buy/hold/sell plus price-target table.",
          "framework": null,
          "confidence": 75,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 31,
          "frameworkName": "Analyst recommendation distribution"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [],
      "locked": true
    },
    {
      "page": 32,
      "type": "analysis",
      "title": "The table presents a valuation under two commodity price scenarios (Low/High) based on NYMEX strip pricing as of Dec 3, 2012.",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 49,
        "componentCount": 3,
        "textChars": 1184,
        "nDataPoints": 48,
        "notes": "The table presents a valuation under two commodity price scenarios (Low/High) based on NYMEX strip pricing as of Dec 3, 2012.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:52.802+00",
          "seconds": 3.118,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/32",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-32",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.6,
            "w": 0.4,
            "x": 0.05,
            "y": 0.15
          },
          "kind": "list",
          "text": "Evercore also considered the risked net asset value of MMR assuming the Company enters into a hypothetical joint venture agreement. MMR would sell a 25.0% working interest in the Ultra-Deep Assets for $800 million in the form of a combination of cash and drilling capex carry ($500 million upfront cash, $300 million drilling capex carry). NYMEX strip pricing as of December 3, 2012 through 2017E and then held flat thereafter. Utilizes the NAV Assumptions. Partner pays its working interest share of insurance and operating expenses, and after the carry period, its working interest share of capex. Partner tax basis step-up based on upfront cash plus the present value of the capex carry. Taxable gain taxed at 35%.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.802+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "6cf7bac1-6012-4666-8712-bea04135d0f7",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.7,
            "w": 0.45,
            "x": 0.5,
            "y": 0.15
          },
          "kind": "table",
          "text": "NAV Summary table showing Proved Developed Producing, Proved Developed Behind-Pipe, Proved Undeveloped, Proved Reserves, Probable, Proved plus Probable Reserves, Possible, 3P Reserves, Ultra Deep Upside, P&A, Gross Asset Value, G&A, Insurance, Sulphur Reclamation, Pre-Tax NAV, Cash Taxes, After-Tax NAV, Cash, Upfront Cash, Taxable Gain, Debt, Preferred Shares, Equity Value, Fully Diluted Shares, $/Share.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.802+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "363b06aa-4627-4356-b713-7d4e24392400",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.6,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Net Asset Value Analysis – Potential Joint Venture Agreement",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.802+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "82a821f2-1da5-458e-99b9-0831b46d8e0b",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Color Strategy",
            "slug": "color-strategy",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b202-77cf-8a6e-f445b08c0fd3",
            "version": 1,
            "bodyDocId": null,
            "description": "Using color for emphasis, categories, sentiment, and hierarchy",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d92a-7132-bb8d-658efb8594ae",
          "evidence": "Banded scenario columns Low/High.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 32,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 35,
          "from": 32,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-ce97-708c-9885-bf19dd24cb15",
          "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
          "position": 7,
          "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 33,
      "type": "setup",
      "title": "The slide details specific drilling rig schedules, production decline curves, condensate ratios, and pricing assumptions used in the financial model.",
      "function": "establish_context",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "establish_context",
        "functionCanon": {
          "name": "Establish context",
          "slug": "establish_context",
          "status": "active",
          "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf",
          "version": 1,
          "description": null
        },
        "density": "dense",
        "densityScore": 52,
        "componentCount": 4,
        "textChars": 1321,
        "nDataPoints": 12,
        "notes": "The slide details specific drilling rig schedules, production decline curves, condensate ratios, and pricing assumptions used in the financial model.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:56.861+00",
          "seconds": 6.957,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/33",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-33",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.15,
            "w": 0.6,
            "x": 0.02,
            "y": 0.75
          },
          "kind": "list",
          "text": "$0.15 per Mcfe of marketing and transportation costs (as per MMR estimates)\nORRI Trust units based on fully-diluted shares as of December 31, 2012\nTerm of 20 years\n5% ORRI",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.861+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "119f909c-8cd2-4ff6-b59d-e8cd4fce36f4",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.08,
            "w": 0.8,
            "x": 0.02,
            "y": 0.63
          },
          "kind": "list",
          "text": "NYMEX strip pricing as of December 3, 2012 through 2017E and then held flat thereafter\nNatural gas prices of ($/Mcfe): 2013E: $3.73; 2014E: $4.10; 2015E: $4.27; 2016E: $4.42; Thereafter: $4.60 flat",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.861+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "4901602f-4f07-49ca-9295-c8be43f99e84",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.45,
            "w": 0.95,
            "x": 0.02,
            "y": 0.12
          },
          "kind": "list",
          "text": "Volumes and risking for specific ultra-deep prospects and discoveries (as per MMR estimates)\nGeologic and mechanical risking was estimated by Evercore and reviewed by MMR’s technical team with Evercore\nUtilized an expected value analysis based on the assumed geologic and mechanical risking\nEach well has a 200 Bcfe EUR\nDeveloped using a continuous four rig program through 2014, going to a six rig program in 2015 and finally an eight rig program by 2016, held constant thereafter\nLineham Creek Yegua wells begin drilling in January 2014 with an incremental non-operated drilling rig\nProduction for each well of 70 MMcfed held flat for six years, then exponential decline (as per MMR estimates)\nCondensate is 5% of well stream (8.8 bbl/MMcf); Lineham Creek Yegua wells assumed a condensate ratio of 50.0 bbl/MMcf\nWells take 1 year to drill and 6 months to complete with first production after 18 months",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "List",
              "slug": "list",
              "status": "active",
              "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2",
              "version": 1,
              "description": "Bullet or numbered list."
            },
            "tool": null,
            "subkind": {
              "name": "Bullet list",
              "slug": "bullet",
              "status": "active",
              "canonId": "019de52c-fc98-7169-a083-5cab805076ca",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "bullet",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.861+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "d5eb7ea1-64e5-419c-825e-1536f8521f96",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.02,
            "y": 0.06
          },
          "kind": "title",
          "text": "Overriding Royalty Interest Analysis – Assumptions",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.861+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "10aa7e33-e646-4029-9fc7-78cb4842ceef",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "MECE Principle",
            "slug": "mece-principle",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-7c60-71a8-8758-c79d914489c9",
            "version": 1,
            "bodyDocId": null,
            "description": "Mutually Exclusive, Collectively Exhaustive - ensuring complete, non-overlapping structure",
            "familyLabel": null,
            "categoryName": "Block",
            "categorySlug": "block"
          },
          "agent": "Architect",
          "layer": "block",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d980-7719-bf01-5e130196b0a5",
          "evidence": "Technical, operational, financial categories partitioned.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 55,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 33,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chunking",
            "slug": "chunking",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-abab-72ce-b64c-2924cc83cf39",
            "version": 1,
            "bodyDocId": null,
            "description": "Information grouped into chunks is remembered better - structure content in digestible units",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Architect",
          "layer": "loop",
          "agents": [
            "Architect"
          ],
          "matchId": "019deab3-d956-73dc-b6cd-54e9b06e5036",
          "evidence": "Three labelled assumption groups for ORRI.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 33,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 35,
          "from": 32,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-ce97-708c-9885-bf19dd24cb15",
          "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
          "position": 7,
          "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 34,
      "type": "analysis",
      "title": "Includes a multi-year revenue projection table and two sensitivity analysis tables.",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 37,
        "componentCount": 5,
        "textChars": 306,
        "nDataPoints": 150,
        "notes": "Includes a multi-year revenue projection table and two sensitivity analysis tables.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:52.904+00",
          "seconds": 2.932,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/34",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-34",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.9,
            "x": 0.05,
            "y": 0.85
          },
          "kind": "disclaimer",
          "text": "(1) Based on a $16.90 per share aggregate implied offer value and 229.2 million ORRI Trust units...",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.904+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "5fd3760a-1655-4acd-9a32-f3c39177b5d4",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.25,
            "w": 0.9,
            "x": 0.05,
            "y": 0.1
          },
          "kind": "table",
          "text": "Overriding Royalty Interest Summary – Risked (2013E-2022E)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.904+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "0b56288d-0594-48e0-a303-e1e028186093",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.45,
            "x": 0.5,
            "y": 0.45
          },
          "kind": "table",
          "text": "Risked Sensitivity (20 Year Term, 5%) – Price ($/unit)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.904+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "033c262e-adad-4d29-873d-323ca0125d94",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.45,
            "x": 0.05,
            "y": 0.45
          },
          "kind": "table",
          "text": "Risked Sensitivity (20 Year Term, 5%) – Price (Total Value)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.904+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "c26f9262-f7ba-4fe2-b0ce-1fc4bf299c18",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.4,
            "x": 0.05,
            "y": 0.06
          },
          "kind": "title",
          "text": "Overriding Royalty Interest – Risked",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:52.904+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "44ed9e2e-67fc-484c-a83b-6625cd8834a7",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d9ab-7567-8887-9c218aa50990",
          "evidence": "Two-way sensitivity tables (rate vs price deck).",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 34,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-d9d5-7648-aeed-0febe991b96a",
          "evidence": "Long horizontal projection table.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 34,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dc84-719c-bf39-860a223738ef",
          "evidence": "Risked ORRI value across discount rates and price decks.",
          "framework": null,
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 34,
          "frameworkName": "Scenario / sensitivity analysis"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 35,
          "from": 32,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-ce97-708c-9885-bf19dd24cb15",
          "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
          "position": 7,
          "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 35,
      "type": "analysis",
      "title": "Includes a primary table for revenue projections (2013E-2022E) and two sensitivity analysis tables for total value and per-unit value.",
      "function": "analyze_data",
      "rawType": "financial_analysis",
      "block": null,
      "metadata": {
        "slideType": "financial_analysis",
        "slideTypeCanon": {
          "name": "Financial analysis",
          "slug": "financial_analysis",
          "status": "active",
          "canonId": "019de52d-0b45-709c-bfcc-0cf83dd00f13",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 41,
        "componentCount": 5,
        "textChars": 372,
        "nDataPoints": 150,
        "notes": "Includes a primary table for revenue projections (2013E-2022E) and two sensitivity analysis tables for total value and per-unit value.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:57.369+00",
          "seconds": 7.343,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/35",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-35",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.94,
            "x": 0.03,
            "y": 0.88
          },
          "kind": "disclaimer",
          "text": "(1) Based on a $16.90 per share aggregate implied offer value and 229.2 million ORRI Trust units...",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:57.369+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "615e59d3-ebdb-4204-bd40-c75975f38cad",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.25,
            "w": 0.94,
            "x": 0.03,
            "y": 0.09
          },
          "kind": "table",
          "text": "Overriding Royalty Interest Summary – Unrisked table showing revenue, costs, and royalty interest from 2013E to 2022E.",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Data table",
              "slug": "data",
              "status": "active",
              "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "data",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:57.369+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "b12fcdcc-37f0-4281-a9ff-4c49f660d01a",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.45,
            "x": 0.52,
            "y": 0.45
          },
          "kind": "table",
          "text": "Unrisked Sensitivity (20 Year Term, 5%) – Price ($/unit)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:57.369+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "9404dc37-3b04-4989-b314-f5c6ed293a97",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.35,
            "w": 0.45,
            "x": 0.03,
            "y": 0.45
          },
          "kind": "table",
          "text": "Unrisked Sensitivity (20 Year Term, 5%) – Price (Total Value)",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:57.369+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "adcd803e-9d07-47e6-ac99-6059aeda6d73",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.4,
            "x": 0.03,
            "y": 0.05
          },
          "kind": "title",
          "text": "Overriding Royalty Interest – Unrisked",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:57.369+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "1644a82d-a0b3-4c66-b8ef-11e4b76a1b4d",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Contrast Pairs",
            "slug": "contrast-pairs",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-9b77-70d3-88b1-f34e26f60860",
            "version": 1,
            "bodyDocId": null,
            "description": "Creating tension through opposites: Before↔After, Problem↔Solution, Pain↔Relief",
            "familyLabel": null,
            "categoryName": "Loop",
            "categorySlug": "loop"
          },
          "agent": "Storyteller",
          "layer": "loop",
          "agents": [
            "Storyteller"
          ],
          "matchId": "019deab3-da2c-7529-b2b8-04e4990363fd",
          "evidence": "Risked p.34 vs unrisked p.35 mirrored layout.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 60,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 35,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-da01-750b-932a-e99034893f22",
          "evidence": "Same sensitivity matrices applied unrisked for comparison.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 35,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dcad-70fb-ba25-86f98ad5f627",
          "evidence": "Unrisked ORRI sensitivity matrices mirror p.34.",
          "framework": null,
          "confidence": 82,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 35,
          "frameworkName": "Scenario / sensitivity analysis"
        }
      ],
      "arcBeats": [
        {
          "to": 35,
          "arc": {
            "name": "The Consultant's Gambit",
            "slug": "consultants-gambit",
            "status": "active",
            "bestFor": "Business cases, project proposals, strategic recommendations",
            "canonId": "019dd956-5e0a-73c8-b305-81c38c959e9c",
            "version": 1,
            "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49",
            "structure": "Situation & Context -> Problem & Complication -> Solution & Approach -> Evidence & Proof -> Impact & Next Steps",
            "description": null,
            "familyLabel": null
          },
          "from": 15,
          "name": "Evidence & Proof",
          "beatId": "019deab3-ccbd-744b-8129-b2f6ab345d92",
          "matchId": "019deab3-cc11-7389-ba97-ccd216bfd946",
          "beatType": null,
          "evidence": "Football-field summary then NAV, peers, precedents, analysts, ORRI.",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 88
        }
      ],
      "loops": [
        {
          "to": 35,
          "from": 32,
          "loop": {
            "name": "35_scenario_fork",
            "slug": "35-scenario-fork",
            "status": "active",
            "bestFor": "Strategic planning, risk analysis, board presentations",
            "canonId": "019dd956-7430-71ea-ac7d-1630063fb962",
            "version": 1,
            "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21",
            "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
            "description": "Present multiple futures based on different assumptions or decisions",
            "familyLabel": null
          },
          "matchId": "019deab3-ce97-708c-9885-bf19dd24cb15",
          "evidence": "JV NAV under low/high prices p.32, then risked p.34 and unrisked p.35 ORRI sensitivity.",
          "position": 7,
          "objective": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value",
          "confidence": 70,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          }
        }
      ],
      "locked": true
    },
    {
      "page": 36,
      "type": "appendix",
      "function": "appendix",
      "rawType": "appendix",
      "block": null,
      "metadata": {
        "slideType": "appendix",
        "slideTypeCanon": {
          "name": "Appendix",
          "slug": "appendix",
          "status": "active",
          "canonId": "019de52d-0762-71f8-b564-89ab863301cc",
          "version": 1,
          "description": null
        },
        "function": "appendix",
        "functionCanon": {
          "name": "Appendix",
          "slug": "appendix",
          "status": "active",
          "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38",
          "version": 1,
          "description": null
        },
        "density": "sparse",
        "densityScore": 2,
        "componentCount": 2,
        "textChars": 25,
        "nDataPoints": 0,
        "notes": null,
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:53.036+00",
          "seconds": 2.417,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/36",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-36",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.02,
            "w": 0.15,
            "x": 0.08,
            "y": 0.925
          },
          "kind": "image",
          "text": "EVERCORE PARTNERS",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Image",
              "slug": "image",
              "status": "active",
              "canonId": "019de52c-f978-701f-a720-51d029d769e7",
              "version": 1,
              "description": "Photo, illustration, screenshot or icon."
            },
            "tool": null,
            "subkind": {
              "name": "Logo",
              "slug": "logo",
              "status": "active",
              "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "logo",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.036+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "bec6f7de-8c6c-4b07-8f19-85f84e2fb2dc",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.05,
            "w": 0.15,
            "x": 0.08,
            "y": 0.43
          },
          "kind": "title",
          "text": "Appendix",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:53.036+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "7ad2d62c-fc33-4ea8-a32b-a3e0d1ee19c6",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [],
      "frameworks": [],
      "arcBeats": [],
      "loops": [],
      "locked": true
    },
    {
      "page": 37,
      "type": "analysis",
      "title": "Includes sensitivity tables for WACC vs EBITDA multiple and WACC vs Perpetuity Growth Rate.",
      "function": "analyze_data",
      "rawType": "appendix_data",
      "block": null,
      "metadata": {
        "slideType": "appendix_data",
        "slideTypeCanon": {
          "name": "Appendix data",
          "slug": "appendix_data",
          "status": "active",
          "canonId": "019de52d-078a-745b-9ee4-c15f2f539acd",
          "version": 1,
          "description": null
        },
        "function": "analyze_data",
        "functionCanon": {
          "name": "Analyze data",
          "slug": "analyze_data",
          "status": "active",
          "canonId": "019de52d-1590-7413-8c82-cc218cff40b4",
          "version": 1,
          "description": null
        },
        "density": "balanced",
        "densityScore": 38,
        "componentCount": 5,
        "textChars": 323,
        "nDataPoints": 150,
        "notes": "Includes sensitivity tables for WACC vs EBITDA multiple and WACC vs Perpetuity Growth Rate.",
        "elementsJson": null,
        "confidence": 1,
        "extraction": {
          "model": "google/gemini-3.1-flash-lite-preview-20260303",
          "runId": null,
          "at": "2026-05-02 14:27:56.884+00",
          "seconds": 6.053,
          "promptVersion": "v2-canon-conditioned"
        }
      },
      "links": {
        "slide": "/slides/019de06f-47a7-73ab-976e-8fa8d1d23374/37",
        "deck": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374",
        "deckAnchor": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374#slide-37",
        "deckJson": "/decks/019de06f-47a7-73ab-976e-8fa8d1d23374.json"
      },
      "components": [
        {
          "bbox": {
            "h": 0.05,
            "w": 0.9,
            "x": 0.05,
            "y": 0.9
          },
          "kind": "disclaimer",
          "text": "(1) EBITDA and capex projections based on MMR Operating Model. Tax depreciation based on existing MMR tax basis and NOLs and a 7-year MACRS depreciation schedule. Valuation date as of October 1, 2012",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Disclaimer",
              "slug": "disclaimer",
              "status": "active",
              "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc",
              "version": 1,
              "description": "Legal/cautionary text that occupies most of the body of its slide."
            },
            "tool": null,
            "subkind": null,
            "framework": null
          },
          "subkind": null,
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.884+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "12ec8627-7069-4220-a644-9ff529bbbb8d",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.3,
            "w": 0.45,
            "x": 0.05,
            "y": 0.58
          },
          "kind": "table",
          "text": "EBITDA Multiple Sensitivity",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.884+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "2c581af9-d102-4b02-8d0a-733560ad5a02",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.3,
            "w": 0.45,
            "x": 0.52,
            "y": 0.58
          },
          "kind": "table",
          "text": "Perpetuity Growth Rate Sensitivity",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Scenario table",
              "slug": "scenario",
              "status": "active",
              "canonId": "019de52d-0374-7778-b2bc-9f279d34d01f",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "scenario",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.884+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "81dc5694-c5bd-4d34-946e-61d1cfcd1ee9",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.45,
            "w": 0.9,
            "x": 0.05,
            "y": 0.1
          },
          "kind": "table",
          "text": "Summary Results DCF table",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Table",
              "slug": "table",
              "status": "active",
              "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28",
              "version": 1,
              "description": "Tabular data layout."
            },
            "tool": null,
            "subkind": {
              "name": "Valuation table",
              "slug": "valuation",
              "status": "active",
              "canonId": "019de52d-034c-74ed-b5c8-22b5e6ac196d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "valuation",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.884+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "856375bd-4728-4975-9028-f10dc44cc4a5",
          "parentComponentId": null
        },
        {
          "bbox": {
            "h": 0.03,
            "w": 0.5,
            "x": 0.05,
            "y": 0.05
          },
          "kind": "title",
          "text": "Unrisked Discounted Cash Flow Analysis",
          "attrs": null,
          "canon": {
            "kind": {
              "name": "Title",
              "slug": "title",
              "status": "active",
              "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4",
              "version": 1,
              "description": "Slide title or headline."
            },
            "tool": null,
            "subkind": {
              "name": "Headline",
              "slug": "headline",
              "status": "active",
              "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d",
              "version": 1,
              "description": null
            },
            "framework": null
          },
          "subkind": "headline",
          "groupRole": null,
          "confidence": null,
          "extraction": {
            "at": "2026-05-02 14:27:56.884+00",
            "model": "google/gemini-3.1-flash-lite-preview-20260303",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "componentId": "7cb0c373-b48d-4eea-8ab8-602dd60457e0",
          "parentComponentId": null
        }
      ],
      "metrics": [],
      "tools": [
        {
          "tool": {
            "name": "Chart Selection Guide",
            "slug": "chart-selection-guide",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae",
            "version": 1,
            "bodyDocId": null,
            "description": "Choosing the right chart type for your data and message",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-da7f-7597-8c88-45982ae542fc",
          "evidence": "Two-way sensitivity tables fit DCF stress-testing.",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 37,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Data-Ink Ratio",
            "slug": "data-ink-ratio",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd956-afc8-70da-b378-92834d36fde6",
            "version": 1,
            "bodyDocId": null,
            "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration",
            "familyLabel": null,
            "categoryName": "Slide",
            "categorySlug": "slide"
          },
          "agent": "Designer",
          "layer": "slide",
          "agents": [
            "Designer"
          ],
          "matchId": "019deab3-da56-71d8-954f-3093369e9940",
          "evidence": "DCF projection plus WACC/exit-multiple sensitivity tables.",
          "pageRefs": null,
          "priority": "Core",
          "whenToUse": null,
          "confidence": 65,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 37,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Table data",
            "slug": "table-data",
            "status": "active",
            "bestFor": null,
            "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d",
            "version": 1,
            "bodyDocId": null,
            "description": "Tabular layouts of structured data.",
            "familyLabel": null,
            "categoryName": null,
            "categorySlug": null
          },
          "agent": null,
          "layer": "slide",
          "agents": null,
          "matchId": "c46c9af5-3bdf-48f9-b267-05818e04c905",
          "evidence": "table/scenario: Perpetuity Growth Rate Sensitivity",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.7,
          "extraction": {
            "at": "2026-07-16 23:20:41.893965+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 37,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": "common",
          "narrativePurpose": null
        },
        {
          "tool": {
            "name": "Valuation: DCF",
            "slug": "dcf",
            "status": "active",
            "bestFor": null,
            "canonId": "019df269-2031-7273-9014-0c70beb91e11",
            "version": 1,
            "bodyDocId": "019df269-200e-76ea-8883-6ee35d39c836",
            "description": "You project free cash flows over an explicit forecast period (typically",
            "familyLabel": "valuation-move",
            "categoryName": "Analysis",
            "categorySlug": "analysis"
          },
          "agent": "architect",
          "layer": "slide",
          "agents": [
            "architect"
          ],
          "matchId": "7829b265-60fd-4c77-b6e8-76591bad684f",
          "evidence": "Unrisked Discounted Cash Flow Analysis",
          "pageRefs": null,
          "priority": null,
          "whenToUse": null,
          "confidence": 0.9,
          "extraction": {
            "at": "2026-07-16 23:20:41.82659+00",
            "model": "or:meta-llama/llama-4-scout",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 37,
          "whyItWorks": null,
          "antipattern": null,
          "cardinality": null,
          "narrativePurpose": null
        }
      ],
      "frameworks": [
        {
          "matchId": "019deab3-dcd8-732a-92db-c9589779a78a",
          "evidence": "Cash-flow projection, EV calc, WACC/exit-multiple sensitivities.",
          "framework": null,
          "confidence": 88,
          "extraction": {
            "at": "2026-05-02 21:59:04.697852+00",
            "model": "claude-cli",
            "runId": null,
            "seconds": null,
            "promptVersion": null
          },
          "pageNumber": 37,
          "frameworkName": "Discounted Cash Flow (DCF)"
        }
      ],
      "arcBeats": [],
      "loops": [],
      "locked": true
    }
  ],
  "arcBeats": [
    {
      "from": 1,
      "to": 7,
      "label": "Situation & Context",
      "description": "Cover, TOC, transaction terms and scope of assignment (p.4)."
    },
    {
      "from": 8,
      "to": 12,
      "label": "Problem & Complication",
      "description": "Situation Analysis, share-price volatility chart, projection assumptions."
    },
    {
      "from": 13,
      "to": 14,
      "label": "Solution & Approach",
      "description": "Section divider plus table of 5 valuation methodologies."
    },
    {
      "from": 15,
      "to": 35,
      "label": "Evidence & Proof",
      "description": "Football-field summary then NAV, peers, precedents, analysts, ORRI."
    }
  ],
  "loops": [
    {
      "from": 4,
      "to": 7,
      "label": "Build Up",
      "description": "Build up the merger consideration and frame the fairness question"
    },
    {
      "from": 9,
      "to": 12,
      "label": "Zoom In",
      "description": "Zoom from McMoRan overview into share-price events and projections"
    },
    {
      "from": 14,
      "to": 15,
      "label": "Scenario Fork",
      "description": "Lay out the five valuation lenses and synthesize them in a football-field summary"
    },
    {
      "from": 16,
      "to": 20,
      "label": "Sensitivity Test",
      "description": "Build the NAV case and stress it across price decks and discount rates"
    },
    {
      "from": 21,
      "to": 22,
      "label": "Benchmark Gap",
      "description": "Benchmark MMR against trading peers to derive an implied per-share value"
    },
    {
      "from": 23,
      "to": 30,
      "label": "Precedent",
      "description": "Use historical M&A precedents to bracket implied value and takeover premium"
    },
    {
      "from": 32,
      "to": 35,
      "label": "Scenario Fork",
      "description": "Test alternative outcomes: standalone JV NAV and Risked vs Unrisked ORRI value"
    }
  ]
}