HZN

2.63%

19.5¢ horizon oil limited

HYSY941 is the "name" of the rig. The company that owns the rig...

First 2 Last

Share
Profile

Follow
freida

2,157 Posts.

96

16/11/18

20:57

Post #: 36538997
Share

Originally posted by freida: ↑

Ive commented at least once (probably twice) that the level of enthusiasm in the Beibu infill announcement/s exceeded the increase in field production coupled with the results from the 2 wells themselves.
Ive found out why the company was/is so enthustiastic about CNOOCs performance,about the upcoming Phase 2 wells and ,about doing more infill drilling in the Phase 1 licence.
And of course about applying what hasjust been learnt in the last of Phase 1 drilling to Phase 2 .when it gets underway.
Its the RIG that is the shining star (but CNOOC deserves a bit of a mention,for sure.)
They have only just gone into service (in the last year,say) and they are in the process of rendering all previous jack-up rigs obsolete. Like worth just scrap value,given a limited time for users to get up to speed before ditching most of the old jack up rigs.
Its a sea change we are looking at here.
The HS (etc) is Chinese -owned.
CNOOC has got hold of it early,I think,in the metamorphosis from old to new technology.
Whether they still have access to it is unknown.
It may not have gone on to another company in another part of the world.
Its probably hot property (guessing that the new bred of J.U. rig is in short supply.)
Its performance on our 2 infills seems to be the norm for the new generation of JU rigs. CNOOC didnt just get lucky with the 2 infills.
We decidedly look as if a whole new canvas is appearing as we swap from Phase 1 to Phase 2 (but HZN have said they are going to,in the short term drill additional wells in Phase 1 territory.).Plenty of good things coming up at Beibu-thanks to CNOOC and even more thanks to the new generation of JU rig that has appeared.

Expand

Originally posted by freida: ↑

Ive commented at least once (probably twice) that the level of enthusiasm in the Beibu infill announcement/s exceeded the increase in field production coupled with the results from the 2 wells themselves.
Ive found out why the company was/is so enthustiastic about CNOOCs performance,about the upcoming Phase 2 wells and ,about doing more infill drilling in the Phase 1 licence.
And of course about applying what hasjust been learnt in the last of Phase 1 drilling to Phase 2 .when it gets underway.
Its the RIG that is the shining star (but CNOOC deserves a bit of a mention,for sure.)
They have only just gone into service (in the last year,say) and they are in the process of rendering all previous jack-up rigs obsolete. Like worth just scrap value,given a limited time for users to get up to speed before ditching most of the old jack up rigs.
Its a sea change we are looking at here.
The HS (etc) is Chinese -owned.
CNOOC has got hold of it early,I think,in the metamorphosis from old to new technology.
Whether they still have access to it is unknown.
It may not have gone on to another company in another part of the world.
Its probably hot property (guessing that the new bred of J.U. rig is in short supply.)
Its performance on our 2 infills seems to be the norm for the new generation of JU rigs. CNOOC didnt just get lucky with the 2 infills.
We decidedly look as if a whole new canvas is appearing as we swap from Phase 1 to Phase 2 (but HZN have said they are going to,in the short term drill additional wells in Phase 1 territory.).Plenty of good things coming up at Beibu-thanks to CNOOC and even more thanks to the new generation of JU rig that has appeared.

Expand

HYSY941 is the "name" of the rig. The company that owns the rig is Chinese-registered and could be a subsidiary of CNOOC,,or not.

HZN Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 7 more messages in this thread...

First 2 Last

Add HZN (ASX) to my watchlist

(20min delay)
Last 19.5¢		Change 0.005(2.63%)		Mkt cap ! $300.6M

Open	High	Low	Value	Volume
19.5¢	19.5¢	19.0¢	$106.8K	554.6K

Buyers (Bids)

No.	Vol.	Price($)
2	206559	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	1390449	23

View Market Depth

No.	Vol.	Price($)
10	1277500	0.105
7	220000	0.100
1	101010	0.099
1	103092	0.097
2	110000	0.095

Price($)	Vol.	No.
0.110	234239	1
0.115	23747	1
0.120	1474963	13
0.125	941029	9
0.130	384745	5

Last trade - 16.10pm 29/11/2024 (20 minute delay)

HZN (ASX) Chart

HYSY941 is the "name" of the rig. The company that owns the rig...

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

HYSY941 is the "name" of the rig. The company that owns the rig...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News