HDR hardman resources limited

tiof evaluation, page-10

  1. Complex
    213 Posts.
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    12/01/06
    11:32
    Post #: 1314159
    Bell Potter have updated their Tiof oil field development assumptions. They now assume initial Tiof Phase 1 production starts from about 1Q09, building up to around 50,00 bopd (gross) and Phase 2 around 2H 2010 to 150,000 bopd. Total capex US$2.2bn.

    Value to HDR is $0.62/share. Share price target has now been reduced to A$2.43 (prior A$2.89)

    Complex
    HDR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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