HZN 0.00% 19.5¢ horizon oil limited

re, PNG Early Liquids DevelopmentIt's called Stanley - which HZN...

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    re, PNG Early Liquids Development


    It's called Stanley - which HZN talks about in their quarterly and elsewhere.

    All the development drilling has been completed at Stanley.
    There is a tanker in PNG to transport Stanley condensate down the Fly River.

    Stanley is ready to go.

    They may consider early condensate development at Elevala/Ketu if they lose Stanley and don't get it back.


    KPL is just over-hyping this element of their story as they don't have anything else in the near term to talk about.
    Incidentally, look out for significant capital raising from KPL if/when WLNG start to progress - or early condensate recovery.

    They may sellout or sell sown PRL21.


 
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