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The latest announcement is out from Hartshead Resources NL ( (AU:HHR) ).
Hartshead Resources NL has submitted a new development program and budget for approval to the P2607 Joint Venture, aiming to use the Saturn Banks pipeline system for transporting gas from the Anning and Somerville fields to the Bacton Terminal. This plan involves the installation of two unmanned production platforms and six wells, enhancing project economics by reducing anticipated CAPEX and potentially accelerating production timelines through infrastructure funding discussions and platform re-use strategies.
More about Hartshead Resources NL
Hartshead Resources NL is a company involved in the oil and gas industry, focusing on the development of gas fields. The company’s operations include utilizing existing pipeline systems for transporting gas and integrating with established terminals and infrastructure for processing and distribution.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.32M
For an in-depth examination of HHR stock, go to TipRanks’ Stock Analysis page.