It is crazy how thin the line is between success and failure for HHR. If Labour had not announced their O&G policy IMO Phase 1 would have progressed to FID by now. (with HHR either at 20% or 40%)
If FID had occurred and then HHR secured the new licenses, with reserves, adjacent to P2607 it would have been a masterstroke by them. The new licenses would have had immediate value to HHR and the JV. That value is still there however it is buried under Labour Policy.
IMO RR are most likely in a holding pattern right now. They have only tipped in $12m to secure 180bcf of 2p reserves with nothing else to pay until development starts. RR can afford to wait and see what happens.
HHR can't wait and as @aero39 said they need to be considering all options. I get the feeling that, while the TH is about new licenses, it as just as much about evaluating their options moving forward.
We should find out more tomorrow.
It is crazy how thin the line is between success and failure for...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HHR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $32.53K | 5.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 11086175 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4404864 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HHR (ASX) Chart |