EOG surrounds HRT Blocks HRT drilling in 2012, a discovery by HRT will make EOG spike - kind of when Tullow made a discovery in Guyana Basin and CGX spiked (even though Tullow discovery was 500 KM away).
See page 7 of EOG presentation, many companies plan on drilling multiple wells offshore Namibia, discovery by one will benefit the others (EOG is the second largest land holder, over 6 million acres offshore with 70% working interest and over 7 million offshore with 40% working interest). Lots to look forward to from offshore Namibia in 2012.
Page 9 of EOG presentation:
Eco Blocks surround HRT Walvis
Basin blocks to be drilled in 2012