The effect of operating in a non " stable" oil and gas jurisdiction is plain to see with the today's announcement from HHR.
The prospect of a Labour Party win in the UK with their recently announced energy policy pertaining to new projects is creating significant nervousness in the industry and investor markets. Combined with a significant fall in headline gas pricing , the effect is uncertainty regarding the HHR gas development project proceeding as planned .
The State of Oklahoma is not only supportive of the oil and gas industry, but actually accelerates activity relative to most other jurisdictions world wide. Oil and gas investment is not only about finding the stuff and it's pricing , but the legal, market and infrastructure framework envelope surrounding the stuff is just as important.
Cheers
Dan
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