HZN 2.70% 18.0¢ horizon oil limited

Just thought I would repeat a post I put on another site a...

  1. 144 Posts.
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    Just thought I would repeat a post I put on another site a couple of days ago.

    Posters on this board do not appear to be aware of the information.


    'HZN have updated the Presentation on their internet site. They have progressed very rapidly with development.

    Some highlights are:

    MR3,4 and 5 are producing at 32,000 bopd

    MR6,7 and 8 water injector wells have been drilled and completed with 7 and 8 injecting at a combined rate of 26,000 bpd with MR6 awaiting hook-up.

    Intermediate casing set on MR1 and preparing to drill resevoir section and MR2 surface hole drilled and cased.

    1.4 mmbo has been produced in total up to 31/5/09.

    Manaia will follow and be tied straight into the production platform is successful with possibly M2a sands development well to follow.


    From Ensco's site I note that the Ensco 107 has been booked by OMV for 'One 1-well option exercised starting mid August'09 low 190's plus cost adjustment and three 1-well unpriced options'.

    Does this indicate there may be more than just the two additional wells?

    All good news.'
 
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