HHR

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0.7¢ hartshead resources nl

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Byron

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06/05/24

12:26

Post #: 73683296
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Originally posted by Knightrider63: ↑

I take it another way and that is we all know stuff is going on and depending on what sites we got and how big will mean we maybe need another farm in to start, and maybe RR have already said if you get xyz we want a part of it ?
If they just did a halt because we got them it would be strange, but remember they di this years ago as well.
Lets look at tonights biding that shows and tomorrow that might tell a story or 2.
This could be very large for HHR,
Hey Sarg did you do any homework on what sites we might have got?
Lets be positive and not jump to conclusions.
Byron we can operate in the North Sea just won't make as much money and will cost more to start but I think you will find Labour will have to change tact soon as the noise of pain is starting to get very loud in the UK.

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Lets hope so KR!

Originally posted by Mitchdon: ↑

Yep, a TH is probably overkill @Byron (unless there is some conditional deal with RR if HHR gained new licenses which is unlikely)

In context though it looks like the new licenses immediately adjacent to P2607 include the Ensign gas field. If it does that provides HHR 97 BCF in reserves. Ensign could become the new Phase 2 for the JV. (as the current JV 2nd and 3rd phases contain contingent and prospective resources only) This would add value to the project.

Nothing will really move HHR's dial until either Labour walks back it's current policies or the JV figure out a workaround. There is some potential if HHR can convert capex to opex for example.

Having the new licenses is a positive for HHR but the reward for having them will likely be delayed until there is a resolution to the Labour O&G policies.

Just my thoughts, DYOR.

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makes sense Mr M...

Originally posted by Knightrider63: ↑

Thanks Mitchdon appreciated

And byron theres ya 1 pip lol

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Im prayin for two!

HHR Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Im prayin for two!

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