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).
HOG Price at posting:
32.5¢ Sentiment: LT Buy Disclosure: Held