Unrisked recoverable 2P reserves increased to 40.7 plus a bit of condensate, but this is for B18b ONLY. This kinda confirms what everyone suspected from the initial high flows. Previous number of B18b wells was to be 1. Now 3 wells are envisaged. Sorochynska 202 will spud in December, and take half a year to drill. (Geeeez, these holes are excruciatingly slow. At least we know that there's gas down there...)
The interesting stuff will really happen when the Chernytska news comes out and Moyes puts B20 horizon information in there. There's also supposed to be a little on B24/25 in the November report, but that'll be based on reprocessing data, not new wells.
HOG Price at posting:
28.5¢ Sentiment: None Disclosure: Held
