HDR hardman resources limited

wpl ching spin, page-3

  1. hardmano
    16,392 Posts.
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    21/09/05
    11:25
    Post #: 1139805
    Forgat to add... Fusion's comment that Ching could hold 760mbbl is encouraging! Even if that is "in-place" you would have to expect a 30%+ recovery rate .. which would make Ching well over 200mbbl recoverable. HDR has indicated that the extra cost of drilling will lead to a reserves upgrade. We have to expect an upgrade IMHO once all the flow tests are completed (within the next 2-3 weeks from yesterdays announcements) and production rates are known .. so perhaps 4-6 weeks?? Just guessing really .. beacuse we have no facts to go on!!

    Bug*er it I'm going to hassle Simon again!

    H
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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