gfc, page-10

slick - given HOG's revenue stream I thought it would have had more resilience than it's shown, and the lack of buyers has been a major issue for a long time now - however, if it comes good at Chernetska with 1000 barrels of oil per day which is approx the equivalent to its current gas revenues at Sorochynska then you'd probably see quite a turnaround in HOG's fortunes - that's drawing a long bow though..... especially as #201 gas well was a fluke anyway, atypical of wells in the area....


and for my money (and it is my money) HOG management still do not provide sufficient information to satisfy market concerns about drilling progress, and the reporting of ongoing flow rates - times like these require absolute transparency and good communication which HOG IMO still has not demonstrated.....