HOG 0.00% 0.3¢ hawkley oil and gas limited

is this in line with expectations?

  1. 324 Posts.
    Is this in line with expectations.?

    I am a green O&G trader despite a 2 years riding of stock.

    Dexter1 we would appreciate your eloquence! In the meantime, here is a quote from his 22 dec posting:

    "If the geological/technical properties are similar at both the 201 and 202 locations, then one can expect 202 to have similar production test results (from the Upper B-18) to 201. 201 was perforated over 7m interval while 202 was perforated over a 5m interval."

    At the very least we can confidently say

    - as off a few weeks we will save x on production costs because of newly commissioned gas plant
    - Oakley is now 3/4 of the way to being derisked, with one bonanza well, then a second one flowing at commercial rates.

    I am looking at a SP target multiple of current peddly one.
 
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