HHR 7.69% 0.6¢ hartshead resources nl

Ann: Outstanding Success in 33rd Licensing Round - Ten Blocks Won, page-32

  1. 748 Posts.
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    It is buried in the tables, and missing on one, however HHR are ""straight to second term" on blocks 48/14d and 48/15b.

    Stole this from Offshore energy article re the third and final batch from the 33rd round.

    "Regarding these 29 new licenses, 23 are initial term phase A, meaning a period for carrying out geotechnical studies and geophysical data reprocessing, or phase B, denoting a period for undertaking seismic surveys and acquiring other geophysical data. Two of these licenses will be initial term phase C (firm wells), which refers to drilling, and the remaining four will go straight to second term, so they could theoretically go into production more quickly."

    HHR's blocks 48/14d and 48/15b are the blocks adjacent to P2607 that contain the Ensign field. HHR clearly think that Ensign could be rolled into, and add value to, the current JV.

    Spirit/Centrica were producing from Ensign up until 2019.
 
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