HOG 0.00% 0.3¢ hawkley oil and gas limited

Two interesting additions (may have been previously announced...

  1. SS
    81 Posts.
    Two interesting additions (may have been previously announced but lost on me).

    1) The cutting of core which is likely to address the previous issue of watering up i.e. getting accurate measurements of water and oil saturation in the event oil shows are present in the reservoir sand. Oil shows don't mean that the well will flow oil. This is going to add considerably to the time before we know whether this interval is going to be productive because they will only tag the top half metre before pulling out and running in with the core barrel. A week of trip time here at this depth - with or without the donkey. This adds to the technical evaluation so should be worth waiting for but adds a risk in terms of jarring core barrel downhole etc.

    2) The order of the 3D seismic and 2nd gas well. As a neutral observer to the BCC situation, if you are going to spend money shooting seismic, might as well do that to derisk the drilling - particularly if it takes so long to make metres.
 
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