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
CUE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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