HOG 0.00% 0.3¢ hawkley oil and gas limited

and the bots are back, page-7

  1. 855 Posts.
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    It amazes me that there is still no independent report.

    If you buy into that SPP you are effectively buying in blindly.

    Right now reserves stand at 13.2 Bcf and 400,000 boc. Well #201 can potentially extract that reserve on its own over a duration of 5-10 years.

    The B-18b has a history of strong production results between 5-10 Bcf over the life of the well.

    For HOG to want to drill another 2 development wells, they must have tripled their expected reserves. While this may appear good, the fact that they won't release the technical information has me questioning the motivation of the company. Why not release the most important, value adding documentation to the market?

    I won't put into this SPP, given I have no idea what the hell they are actually doing. Wheres the reserves and new reservoir parameters?

    The company appears almost as opaque as the Ukrainian oil and gas industry.

 
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