For the benefit of discussing technical work (drilling). No...

For the benefit of discussing technical work (drilling). No comments on share price, management or sovereign risk, please.

Sorochynska-1:
Presently flowing 7MMscfd and 200bbld from B18b resevoir (visean sandstone from lower carboniferous)

Chernetska-1:
Targeting B20. Historical flow 920bopd. (visean sandstone from lower carboniferous). Resource estimate is 2.8mmstb recoverable oil.

Sorochynska-2:

Next well to be an infill development well into B-18b already in production. Spud to happen in last quarter of 2011.

Gas plant:

Prospectus addendum mentioned a western B24/25 resevoir drilling plan for 2012, and results depending on location of plant (i.e. have it close to Sorochynska 1 & 2, or between these and a possible third well for B24/25 resevoirs in the west). Anyone got any news on the plant design/tendering progress? This one has completely fallen off my radar, and I'm trying to catch up on it again. Surely they need this working by the time Sorochynska-2 is in production?

Dexter, you've expressed the opinion that the #1 well production rate is high compared to other Ukraine wells & they may have been lucky to hit a highly-permeable resevoir (as opposed to especially drilling/production techniques).

Sorochynska-2 should allow HOG to pull 10MMscfd without jeopardising resevoir/well junctions
, right? So Chernetska-1 determines whether HOG is a 2-field or 1-field junior. Apart from historical production figures (I'm sure they quoted the highest available), are there any other ways of evaulating potential flow before the test well goes down?


Discuss.