HZN 2.70% 19.0¢ horizon oil limited

SP, page-175

  1. 2,163 Posts.
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    The PREFEED consensus should be monumental and it will be soon-it will be"very good" (= "Daru is a likely goer") or very,very good (="Daru is a likely goer and the Board of WLNG has put in train further investigations with an intention to bring the project forward,if possible".
    I have defocussed on the 31/12 Q results(which will be very good) in favour of focussing on
    significant possible gains in our core producers -Beibu and Maari - in the 31/3 Q that will be new revenue not related to the POO i.e.
    *Possible (probable?) increase in Beibu production by maybe 700-800 bopd. from early(?)January from the 2 infill wells.

    * Spectacular increase in Maari revenue from the 16% aquisition w.e.f. 1/1/18.-based on sub 10,000 bopd.
    * (Wishful thinking here!) Not only some worthwhile results from the ongoing field work that has been undertaken for some time at Maari on equalising well pressures etc. but also on the specific shortfall between 9000 (plus) bopd-actually they got to 16,1000 b opd- and "approaching 20,000 bopd" that was considered likely or possible in 2015 upon the completion of the Maari Development Plan drilling.
    I think the purchase of the extra 16% of Maari is going to transpire to be the bargain of the century-even with Maari going from 9k to just 10 or 11 K bopd. .Imagine if they get Maari production up to 14,000 or more!!!(with us owning 26% of it,not 10%)
    Im looking for the PREFEED to get me my thrills this Quarter-and hoping for Maari to give me my thrills in the new Quarter.
    Not to forget getting new drilling (Phase 2) at Beibu approved and underway.
 
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