Ann: Results of EGM, page-8

nailbiter

as you can see from their recent presentations , reserves are not an issue as both Beibu and maari reserves are more than will be produced within production concession timeframes. HZN primary value driver in my view is a DCF valuation. The additional wells in my view are more important from the impact they will have on maintaining production at higher rates in this very high oil price environment, and by doing so continuing to grow cash very quickly that will inturn maintain high distributions over the medium term