Ann: Quarterly Activities Report, page-21

Euroz havent picked up on the strong possibility that the companys

short term focus ("OUTLOOK" on p26 of the Annual Report)

means that :

a. they have retained the rig and may be drilling the first of several infill wells now,or

b. they have lined up a replacement rig so as to continue the infill programme in the short term or

c. they are trying to find a replacement rig but have been so far unsuccessful (which would make the  reference to "our short term focus is " a trifle misleading-you cant drill if you havent got a rig.

 The projected further infills are,in my opinion a major event for HZN at this time in particular while we wait for the PNG plan to move forward.