120 metres????, page-40

re: 120 metres???? - butcherano Hardmano

I guess it depends on your perspective. Personally I have been kicking myself for the past few months that I hadn't bought more HDR while the share price and the POO were low last year. The drop in both over the past few weeks has been a gift from heaven as far as I'm concerned, and I was only waiting for an announcement on Labeidna to either drop the price further or arrest the decline before I bought back in.

The Tiof oil is in the ground and it's not going anywhere, and the price of oil, IMHO, is unlikely to go below $40 ever again. Tiof may be a commercially difficult reservoir at $24, but at $40+ I doubt its a problem.