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Friday, December 09, 2016 7:59:47 AM
If and when they do come back to the Cooper to start drilling, that's the only point at which HENC will have its hand forced. I place the odds of HENC finding another partner at well below 25% - probably well below 10%. One dry hole you can shake off....two dry holes and investors start to become scarce. Throw in an oil market that is throttled by OPEC's ineptness and the ever-looming USA fracking biz to keep prices in check, and you have one of the most challenging eras in oil.
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