For those comparing FAR and HOG, keep in mind that the FAR drill was offshore and they didn't even hit sandstone down there like they thought they would (which is why I never go long on offshore oilers). HOG is drilling onshore into what they know to be sandstone and into fields they already know to contain hydrocarbons.
I want this drilling update! Things I want explained (and I'll have to ring, I guess, if the update doesn't illuminate):
Sorochynska 202 drill plans Sorochynska B24/25 horizon drill plans Gas plant plans - are they going to release the feasibility study? Chernytska - present drill and future drills When they're getting another rig?! Two fields, one rig - with all that money in the bank, can we buy/hire another one? Well completion methodology & degree of natural fracturing in the other targets - to gauge how replicable 201 flow rate is Resource definition
HOG Price at posting:
32.0¢ Sentiment: None Disclosure: Held