poor response but essentially up 8 cents, page-7

The 30 metre colum was postive - here's to hoping there's some HCs further down & we don't get a repeat of Faucon-type announcement(s). I don't know whether this news of itself is enough to lift HDR sustainably HDR over $2+. The market will have have to be satisifed aout HDR's risk profile in a number of areas eg. PSC dispute, and further down the track Tiof commerciality etc., for this to occur. But it is clearly another knotch in the belt for Uganda's oil prospectivity.