Think we all agreed, Chets is a duster, unlikely that will change now with no more recent news, but so what, it happens and disappointing, but there is hopefully some advantage gained from the info they are assessing to guide the next move....they have said their focus is still B24/25 on the chets licence and if needed would get new seismic done...as they have with Soro..results due out soon in April.
meantime revenue coming in with Soro and they have the larger reserves now assessed, and Sor-202 due to spud Feb and completed mid August..
also with Soro, the possibility of even larger gas accumulation further north...beyond the current 3P estimate...
so not all doom and gloom but bad knee jerk reaction with the sell off, buying more now as so low...
will be good to get the results of present research and the new seismic also..
HOG Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
