SwingTrade Member Forum

[HomerRomer]

HENC .56/.575 is starting to move on the fact that they are going to be drilling in Australia within a month. CRAZY oil wells being hit in this area at an even crazier % of success. HENC is using the #1 3D seismic and drilling companies in Australia that are hitting 95% of the time on formations like they discovered. I have read reports of these wells producing as low as 800's barrels per day all the way to 5,000+ bpd with the average somewhere in the middle. HENC has virtually no investment risk since they have partners putting up all of the $ because it is such an amazing prospect. If the 5% chance happens and they miss on the first well, they already have their partner's funds in place to drill 2 more wells after that. Simple math says there is less than a 1% chance of them hitting a dry well on all three. One average 2,000 bpd well = 5 bagger IMO. Pretty nice Risk/Reward here IMO. Either way, it should still continue to run into the drilling date less than a month away.