congratulations analystnot!!! $2.50+, page-24

re: $3 (no-ball) You know I am so suprised because if you look at the fundamentals of HDR and the recoverable barrels of oil they have under their belt so far, we are looking at a price of $2.99. If you are prepared to give them A$20 for each barrrel recoverable inground value, something I believe is more then reasonable with the re-rating of the oilprice for now and the future.
Saying this what is the exploration worth?????

OIL RESERVES MMBO (RECOVERABLE) Chinguettie 123 (19%HDR) 23
OIL RESERVES MMBO (RECOVERABLE) Tiof 287 (21.6% HDR) 62
OIL RESERVES MMBO (RECOVERABLE) Tevet 20? (21.6% HDR) 5
OIL RESERVES MMBO (RECOVERABLE) Banda oil&gas
OIL RESERVES MMBO (RECOVERABLE) Pelican gas (16.2% HDR)
And what about the gas at pelican and banda????

However you look at it HDR is one of the most underated oilcompanies we have at the moment and should be already above the $3 to give it fair value.

jojo