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Bullboard - Stock Discussion Forum Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

TSX:HSE.PR.B - Post Discussion

Husky Energy Inc. cumulative redeemable preferred > Liwan Gas Project averaged 431 million cubic feet per day
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Post by RagingBull3 on Aug 29, 2020 11:33am

Liwan Gas Project averaged 431 million cubic feet per day

from q2 report .   


Asia Pacific
               
China
Gross natural gas sales from the two producing fields at the Liwan Gas Project averaged 431 million cubic feet per day (mmcf/day), with associated liquids sales of 18,900 bbls/day (211 mmcf/day and 9,300 bbls/day Husky working interest).

Construction of the Liuhua 29-1 field at Liwan was 95% complete at the end of the second quarter as the project advances towards first gas by the end of 2020. Target production is 45 mmcf/day of gas and 1,800 bbls/day of liquids when fully ramped up, reflecting Husky’s 75% working interest plus exploration cost recovery volumes.

Indonesia
Gross natural gas sales at the BD Project in the Madura Strait averaged 87 mmcf/day, with associated liquids sales of 4,600 bbls/day (35 mmcf/day and 1,800 bbls/day Husky working interest).

https://huskyenergy.com/news/release.asp?release_id=2070210&utm_source=HP1&utm_medium=Q22020&utm_campaign=INV

Comment by Oasisjunior on Aug 29, 2020 2:30pm
This should bring many millions back to the bill fold of Husky...
Comment by RagingBull3 on Aug 30, 2020 7:30am
This 431 that I believe is bringing in over $60/boe operating netback is already accounted for in Q2.   Asian operations are profitable but North American market is so bad that HSE still produced a LOSS.    Liuhua 29-1 is coming on line sometime in Q4.    Cash Flow should look great in 2021 as these Major Capital projects are completed. West White Rose Project ...more  
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