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2014-02-12 13:37 | Report Abuse
Hello gents! How's it going? I have been following couple of the forums here and wanted your view on these points w.r.t. Hibiscus:
1. I read Hibiscus annual report for 2012/213 on page 14 and they made a comment as follows....."Should our drilling program deliver positive results and the wells drilled test at rates it will be our aim to conduct such an Extended Well Testing (EWT) at the earliest opportunity".
My question - how long does this take?
2. Same page - "The broad technical objectives of an EWT would be to:
a) Ensure production rates are sustainable over a three to six month period prior to considering further appraisal and/or development alternatives
b) Test other possible discoveries within Block 50 Oman"
My question - Again - any industry timeline that we can gauge?
Also - on page 22- It stated "Under HIREX, we aim to identify at least three assets for potential investment on yearly basis. Thus far, 14 opportunities have be placed in the pipeline for REX Virtual Drilling analysis scanning and potential investment''.
My question: Any updates on this 3 assets yet?
On page 23 of the same report it stated "In June 2013, HIREX signed and agreement to receive a USD10million investment from Panama-based company...fro 15% stake valuing HIREX for USD67 million.... operating cost for first two years..."
My question: HIREX is now operational?
Thanks
Stock: [AWANTEC]: AWANBIRU TECHNOLOGY BERHAD
2019-01-14 09:42 |
Post removed.Why?