By my calcs well two would be cleaning up now and China production likely over 16 k a day I love the aggressive development drilling, this is a great way to monetise the reserves over next few years and we are truly in the sweet spot with the USD oil price sitting at a level where we are not subject to much of the windfall tax at the 40% rate yet Brent is near 130 aud and thus the operating margins are huge. My guess is they will drill the extra wells and then sit back and collect the cash over next 6 months while they plan for next lot of drilling and may switch focus to Maari.
I stick by my prediction of 4.5c distb in calendar year 23
HZN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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