There is a backing up of( more ) results from Maari:
*there could be more production gains from the Maari Dev.Programme- but I wouldnt bet on it.
*There will almost certainly be some gains from the workovers at Maari. These started in July (or possibly August) and my best guess is that they will be completed about February. We have had no results so far,- workovers are a gimme 95% of the time.
Once the workovers are complete all may go silent in that part of the oil well.The large Ensco rig is long gone and only the small workover rig remains.I cant believe that,contemporaneously with renewed drilling at Beibu,that the Maari patch wont benefit from continued ongoing activity while the POO is well down.Not to keep drilling in this patch would not only be a heinous decision but would contradict what HZN has just reiterated yesterday about having a plan to keep up a drilling programme to take advantage from the low POO.
Have a look at-what HZN currently says about spending short funds on drilling
-what HZN says about the "migration path" between Maari and "Matariki"
-what Strachans say about Matariki (either the May or July 2015 report,or both)
Im a proverbial Dutchmans uncle if there isnt a high probability that renewed Beiu drilling is going to be matched by "Maari" drilling being continued over the fence at Makariki.
HZN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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