Interesting read of the HZN reserve upgrade . Gives details as to why HZN upgrade reserves . It seems that my the end of this campaign HZN could have 2p reserves oil reserves of 5 -6 million plus the significant gas resources . I love the fact that despite HZN using 8.8 million for Maari in every presentation since oct 2012 , cue has continued to use 2.3 million vs 4.4 million . To ELs early comment - a sign of a very conservative outfit.
My experience has been great gains are made when buying companies who have the oil but have not made the reserve upgrade ann as yet . Seems Cue is such a case
I am sure you guys are across the oct 2012 Ann but for me it was great to read why the upgrade was made and further supports CUE is an absolute steal
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Mkt cap ! $76.97M | |||
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| No. | Vol. | Price($) |
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|---|---|---|
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