Yes, look what happened to HZN (and I have a pile). Announced on the 4th that their current drill Ketu-2 in PNG was flowing gas at 20MMCF plus somewhere around 1000 barrels of condensate per day. 45% HZN owned....and there is a great likelihood they have found a huge gas province....In my mind a TCF or three, nice and wet, and many many millions of barrels of condensate. Price has gone down 10% since then....It's a pretty poor market at this time and it really sucks. Just hanging on to all my oilers - RIA included. Proud of their efforts...but not doing my portfolio balance any good.
RIA Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held