HZN 2.56% 20.0¢ horizon oil limited

Ann: WZ12-8E A8 exploration well - drilling commences, page-2

  1. 20,391 Posts.
    lightbulb Created with Sketch. 1990
    That is a very good sized target. I love the back up option of a sidetrack to make it a production well if exploration target not successful
    if successful, will be producing within days - does that suggest expectation 8E will be back on line within 3 weeks , certainly hope so
    1.4 m barrels on a 2 p reserve value alone would be worth about 3c per share but arguably more given it will start producing immediately
 
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