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Hartshead Resources NL ( (AU:HHR) ) has issued an announcement.
Hartshead Resources NL has submitted a revised Concept Select Report Addendum to the North Sea Transition Authority for its Phase I gas development, opting for a new gas export route via the CalEnergy-owned Saturn Banks pipeline. This new route offers numerous benefits including increased production capacity, accelerated timelines, and improved economic performance, enhancing project economics by reducing capital expenditures and potentially speeding up production. The addendum was submitted under sole risk provisions, as the P2607 Joint Venture partners did not initially support the submission, though they may still join the development.
More about Hartshead Resources NL
Hartshead Resources NL is a company operating in the gas industry, focusing on the development of gas fields. The company is engaged in infrastructure and production projects with a market focus on the UK gas grid.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.69M
See more data about HHR stock on TipRanks’ Stock Analysis page.
