I have contacted Horizon and asked them why they have not...

I have contacted Horizon and asked them why they have not announced the PRL 21 liquids development project but received no response. The following is from the Kina KPL quarterly

https://hotcopper.com.au/threads/an...report.4514593/?post_id=36325117#.W9kzfC_L3Jw

Horizon interest: PRL 21, Elevala/Tingu and Ketu fields (Operator) 30.15%
PRL 21 (KPL interest 16.75%)

48.3 million barrels of liquids in Elevala Ketu have a nominal gross average value of 3.67 billion dollars. Kina has assessed that the liquids alone could be developed for a cost of less than 20% of their nominal value at current prices and we remain steadfast in our commitment to bring a liquids project on stream as soon as possible.

Kina believes the 2C (liquids) contingent resource of approximately 48 million barrels of condensate in PRL 21 is economic at current oil prices. Kina and the operator of the permit, Horizon Oil, have completed independent and comprehensive technical evaluations of the resource, analysed risk, cost of development and use of the Fly River as a virtual pipeline and both believe monetisation of the liquids is viable. At current prices the value of the liquids is well in excess of the capex required for the project to proceed and with the potential rates of return deliverable from this project Kina believes the project should be fast tracked for development.
Importantly, Kina believes a future development of the Elevala & Ketu fields should aim for first liquids production in the early 2020s and believes this can be achieved by the joint venture. To further our commitment to an early liquids development, Kina is evaluating potential funding options.