I thought HHR may have said a little more today after a TH but...

I thought HHR may have said a little more today after a TH but understand @sergeant point that the licensing needs to be finalized. Doesn't mean that we can't speculate though. The licenses seem to fall into three loose groups, those adjacent to P2607, the JV with Meridian and the JV with Comtrack UK. I thought the HHR/Comtrack block 113/27c was interesting.



113/27c (in blue) surrounds the Rhyl gas field. The field is operated by Sprit Energy, a subsidiary of Centrica.


It is not an exact science however the area looks to contain the Peel and Doyle prospects and Castletown discovery. Comtrack have history here as they previously held 35% of Castletown (P2076) with Burgate Petroleum prior to assigning it to Bridge Petroleum in 2018.

Until the UK O&G tax situation is resolved the only development that makes sense is low capex/infill activities to keep existing infrastructure in production. Could HHR/Comtrack broker some sort of farm out to Spirit/Centrica?

HHR have said these licenses have been an "outstanding success". It certainly gives HHR some licenses to trade with. Any near term success would help HHR on a number of levels.

** This is a thought bubble, not a complete piece of research. I post it in the spirit of exploring what options HHR have generated for themselves on the back of these new licenses**