They"don't recognise the heading? Read on. We are well into the current drill at Beibu. 17 days drilling to go from go to 2025 est. depth. In my view we have the catalyst we need -at least prospectively- for an SP in excess of 15c. Maybewell beyond. The best sandstone reservoirsat Beibu are the T40,and the T42.They are aerially extensive,as are other beibu reservoirs In ,I think,2016 or 2017 Brent (previous CEO before Michael) described the T40 and T42 as "prodigious performers".eThey are without doubt the plum reservoirs at Beibu. They are deeper/thicker,by far I think,than all the other Beibu reserves. What we now have is. mighty base productionlevels. plus some "wildcat" drilling in a superbly attractive place (emphasis on "wildcat",-base wells don't cause Sps to to rocket, wildcats do plu s up to 6 more infill wells with superb prospects on the horizon.. Looking good ? Better than good? You don't drill 1 well at Beibu-the rig can have travelled 000s of Ks to get there from the back of beyond.. 2 plus wells are on the cards (but don't expect HZN to tell you that.Not until the result of the first well is done and dusted. I thinkwe are poised for a super result in the first well. That,in my view will trigger more disclosures about where the rig is going to,or not.. And probably more on the"6" infills (they might conceivably use the current rig) Anything is possible... Sorry about the rough presentation. Ive got a limited time at the libarary. Get ready for a breakout in the SP..
HZN Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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