There's so much news to come in the next month or two and I guess that without the Chinguetti debacle (not of HDR's making) the sp would be closer to $2.10+ ... so I guess things aren't so bad. Here's the news expected in the near-term:
1) Mputa-2 results ... oil column, reservoir and oil quality and decision on casing/testing 2) Waraga testing then Mputa testing 3) Guyane farmout mid June and more certainty on the proposed drilling plans 4) Trinidad .. bidding for leases 5) Two new ventures .. we suspect one might be offshore Suriname 6) Tiof development concept approval 7) Perhaps news that Ching will be attended to before exploration starts in July
So long as POO stays high and the market remains in the mood, the above news could get us back to above $2.10 in June .... yahooooo!
H
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held