A companys Full Year Results Presentation is ,rightly,viewed by many as a Companys "State of the Nation" address that is issued only once a year.
It addresses not only where the company has been in the previous 12 months but more importantly where it is headed in the next 12 months.
HZNs annual State of (etc) is likely to be issued in the next 7-10 days.
I hope and confidentally expect to hear something worthwhile about PNG but am more concerned at this time with Maari and Beibu.
re Maari. I think the Company should expend some narrative on the prospects of improving the production numbers from sub 10,000 bopd to a figure closer to 20,000 bopd.
re Beibu. Here I think the Company should spend some narrative on the upcoming Phase 2 drilling and advise us if the recent excellent results from the last of the Phase 1 drills-the 2 infill wells- is likely to favourably affect the upcoming Phase 2 wells.
Here I am assuming that the Operator has carried out an extensive review of Phase 1 drills and is approaching Phase 2 with the benefit of such a review.
HZN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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