Given the strength of the initial results and considering the...

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  1. 320 Posts.
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    Given the strength of the initial results and considering the top end of Kennedy hasn't been touched due to the fraccing issues, I wonder whether they will give serious consideration at some point in the future to drilling another horizontal section at a suitable skew to the existing one .... I imagine they would not consider this until further wells have been developed, but Kennedy is obviously in a nice zone, and the cost to double up the horizontal section would be substantially less than drilling a complete new well ... That way they don't have to worry about any further issues with the top half of the first horizontal ... just let it produce on its merits, and tap into the surrounding area which appears to be condensate rich

    There are a few stale bulls/short term punters who seem happy to dump which is normal behavior considering the sp didnt spike ...........but the real value will kick in with each subsequent successful well ........ i imagine Hilcorp will be licking their lips now .... production rates like those will have these wells paying for themselves in well under six months ......... then its just money in the bank ..... all in all, great news for the future.
 
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