If you think that the upcoming QRs could sustain the excellent figures in the 30/6 QR you would be right.
If you think that this could be from recent (or improved POO) you could be right. Assisted by a couple of gimme infill wells at Beibu?-right again.
What about Beibu (Phase 2)- wrong. First oil from BPP2 wont be until 2019 .
What about the restart of debt paydown now the purchase of the 16% of Maari is done and dusted? Yep.
So how much better might the next 2 or 3 QRs be ?(if any better).
The answer to that is in my opinion little,
short of "staggering".
How come Mr. Market isnt (apparently) of the same view (or the SP would be more than 13.5c)?.
The answer is IN the 30/6 QR.
Its in the financial figures- its NOT in the narrative.
HZN has "done an HZN" on us- the figures are there to be found but HZN has left it up to us to decide just what those numbers mean for the near (and LT).
See next post.
HZN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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