Cruz, For clarity I have used the numbering of the wells as Hawkleys have given them. The first well they drilled in Sorochynska they have called Well#201 the next well in Sorochynska is Well#202... 203 etc. The well they are drilling now at Chernetska is called Well#1. The next well at Chernetska (and this well may never be drilled) would be called Well#2.
I am hoping we have luck with the drill at Chernetska. Moyes give the chance of success for this well at 50%. The Russsians drilled a second well at similar distance away from Well#321, as we are now. That well came up dry. So I do not think Well#1 is an absolute sure thing.
HOG Price at posting:
29.5¢ Sentiment: None Disclosure: Held
