Anyone else follow this aussie explorer? Has 10% of Maari in NZ & some interesting acreage in China and USA. There could be interesting news out of this co over the next six months.
He may/may not be right? What I currently like about HZN is that it is starting to produce oil from the Bayou workovers and the level of production will increase as the workovers & new drilling proceeds this year. The bulk of junior oilers produce nothing so HZN at least will be benefitting from the current oil prices.
Yes,this one is on my radar having recommended it to a mate who was delighted with a rise from 13 cents to 18 cents.But since then its been a downhill slide but at 11 cents it has a lot of value which will unfold over the next year.They missed out on a promising drill earlier this year and the Bayou work overs struck a little bit of legal troubles I think.But it all looks upward from here on.
OK maybe not a 10B yet but this Co. but must surely have a great future.
Already cashflow positive choctaw, 10% Maari all go,
some good prospect sites China and a board that obviously has SH interests at heart. Cannot understand why there is not more interest in this forum. Guess we'll have to wait till black stuff starts aflowin...
Not really up on the play with this one but I would like to ask - where are they going to get the money from to develope the buibu gulf feild (30%) as well as Maari (10%) over the next two yrs.I think these guys are in over their heads.
You have to learn how to walk before you can run.
disc. sold out earlier this yr
,
He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)
Not really up on the play with this one but I would like to ask - where are they going to get the money from to develope the buibu gulf feild (30%) as well as Maari (10%) over the next two yrs.I think these guys are in over their heads.
You have to learn how to walk before you can run.
disc. sold out earlier this yr
,
Recent announcement suggests most of the capital required to do Maari will be debt funded. Have arranged facility thru Bank of Scotland from memory. Coy says only a small amount of equity will be required sometime in 2006.
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