Great update... pumped about these projects ... by my calculations we are looking at multibagger for each successful well. Which are great odss given that management are experts in the Ukraine. If each of the 4 wells to be drilled this year it has the potential to add another 40-50m of annual revenue based on the comparison to the current well. In addition if any of these additional wells are successful it further enhances the company because it means we are no longer a one well company and will add further stability to our SP.
In my own mind I'm guessing that at least 2 of the 4 wells will be successfull in which case I think well will be looking at an SP of $1 by the end of the year taking into account the recent dilution. That said we might get lucky at all of these wells and then who knows ....
This is an exciting company and the best thing is that they are current producer not a hopeful explorer.
HOG Price at posting:
38.5¢ Sentiment: LT Buy Disclosure: Held
