HOG 0.00% 0.3¢ hawkley oil and gas limited

nice buying and support, page-19

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    In addition to the Qtrly which will give additional insight into production and pricing beyond the PR of June 30, the obvious +/- wrt to Chernetska drilling, there is still the independent expert model to update the resource and economic reserves assessment of the B-18b pool.

    As reported, this work will begin later in June and produce a conventional classification of resources and reserves according to current SPE/SPEM guidelines.

    Per HOG statement, in summary, the success of Well #201 has indicated that the producible reserves in the trap could be several times larger than reported earlier, and Hawkley is proceeding to prepare a full-field development plan based on three producing wells. The second Sorochynska well is being prepared for a spud in Q4 this year.

    Bankable reserves underpin an O&G stock - but you know that already.

    IMO the news will create bullish tailwind with or without Chernetska. With a +ve Chernetska, well who knows....

    GLTA (even Meerkat but I don't know why you bother holding).
 
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