HOG 0.00% 0.3¢ hawkley oil and gas limited

Ann: Prospectus Closed , page-34

  1. 770 Posts.
    Still some things are a mystery to me. The gas plant was always part of the plan, even before better than expected flows. It is not a huge capital cost (few million) and maybe this should have been bought forward and not back. Getting runs on the board before moving forward is a good idea though.

    The development does not seem to have been fast tracked with the capital raising as the second gas well spudding later in the year.

    You got all this excess capital it appears, what is it for, only thing I can think of is a lot of it is for an acquisition or unless we have not seen the fast tracked development as yet. Other option is to make sure the funding does never run dry.
 
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