re: market undecided (no it's stupid) Abuman, try the HDR site. That might work.
Based on the announcement, Tiof is 4 times as large as Chinguetti, about the same size as Banda, but twice the confirmed oil column length as Banda (and possibly signifantly more). Banda is estimated at 100mbbls and hence Tiof is 200mbbls. This all seems conistent to me.
I am absolutely astouded at these people who are willing to let go of HDR at 72c. Prior to drilling, yes. But now Tiof has met if not exceeded expectations, now they want to sell. Well fools are money are easily parted, and no exceptions here.
Perhaps we are looking at another capital raising? It's been done before and would not surprise me here.
The revised numbers for HDR, it's reserves now approach 90mbbls. (that's 150m each for Chingetti, and Tiof, 100m for Banda). At $A10 per bbl and 467m shares on issue, that's $1.9 based on discoveries alone. Add on furture discoveries ... well you have a share screaming to be bought.
HDR
hardman resources limited
