Should hear very soon that Soro-202 well has been spud. Drilling should then be completed app' end June, all going to plan. Gas plant and new compressing unit, not needed until 3rd well drilled and producing so may be commenced Q4 this year.
Imagine they took a break for Christmas/New year and should be back now drilling to Chets B24/25 with only 100 metres left, and YES, let's hope they find hydrocarbons. Sp should zoom straight up...
Moyes think Soro's legend #469 has potential to add further to the 3P reserves estimates and would need 2 more extra wells,(after the other 4 are drilled) to discover it.
Hartleys last valuation:
Soro B18 50 Chets B24 31 Soro B20 15 Chets B20 09 so value without Chets B20 = 96cps
Quite a bit to look forward to, and news coming soon...
HOG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
