news priced in?, page-15

I stand corrected Frank I missed your post. I see only up-side for the HOG going forward from here, The decision to drill #201 was based on solid technical information that indicated a commercial reserve, but it is not yet determined as to how big the reserve is. the figures in the Hartley report would suggest the wells life would run for more then 9 years. If this is the case then there would be more then two wells extracting gas on this licence.

With more cherries on the cake, HOGs technical information applies to the Chernetska field as well, in that it is also holding a commercial reserve.

IMO this stock is undervalued, particularly with the analysts talking Billions of cubics of gas in this reserve.


Cheers.