Market Reaction: Positive. We carried the well at £0.02 per share (RENAV). However this was the most material well of the 2015 drilling campaign and we view this result as important for the Northern Basin. Isobel is a play opener in an unexplored area of the basin. While the well itself was targeting only 56 mmbbl P50 gross Prospective resources, it is part of the much larger Elaine/Isobel complex of 243 mmbbl Prospective Resources (with an upside case of 933 mmbbl) that is now partiall
28 May 2015
DISCOVERY AT THE MOST IMPORTANT WELL OF THE FALKLANDS 2015 DRILLING CAMPAIGN
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DISCOVERY AT THE MOST IMPORTANT WELL OF THE FALKLANDS 2015 DRILLING CAMPAIGN
Harbour Energy Plc (HBR:LON) | 277 0 0.0% | Mkt Cap: 2,133m
- Published:
28 May 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Positive. We carried the well at £0.02 per share (RENAV). However this was the most material well of the 2015 drilling campaign and we view this result as important for the Northern Basin. Isobel is a play opener in an unexplored area of the basin. While the well itself was targeting only 56 mmbbl P50 gross Prospective resources, it is part of the much larger Elaine/Isobel complex of 243 mmbbl Prospective Resources (with an upside case of 933 mmbbl) that is now partiall