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19.5¢ horizon oil limited

Wei 12-8 EAST Project - My Take, page-5

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400 Posts.

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13/04/22

13:16

Post #: 60830398
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Originally posted by gdn001: ↑

Whilst I am simply making an educated guess (in the absence of guidance from the company), it makes sense to me. They may batch drill 2 wells at a time, or some other permutation.
It doesn't really matter, the final outcome will be the same/similar, and I am confident that their plan would be better than mine, as they factor in drilling logistics, costs, cashflow, reservoir knowledge, etc.

I hope that I am correct that they are currently drilling A1/the WZ 12-3 structure well, as it would be
quicker to drill as it doesn't have a (long) horizontal section = likely to be online for quarterly report.
higher flow rates for longer = more cash, sooner = good quarterly reading

The real takeaway from my post/analysis is the exploration element to the current drilling program.
I hadn't realised the potential upside. Certainly hasn't been sold by management.
Whilst the 2 exploration wells can be dusters, I wasn't aware of the potential upside.
They may even drill the 2 Weizhou sand exploration wells first (great cashflow if successful), although I doubt that this would be the case.

Hopefully the picture becomes much clearer in the upcoming quarterly

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given your input and interest...i think you should be running the show...have you introduced yourself to samuel terry?
HZN Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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