HDR hardman resources limited

woodside announcement, page-26

  1. geos
    1,154 Posts.
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    06/07/04
    09:36
    Post #: 506242
    dorade While I can understand the reasoning, starting with a high risk well (Dorade) in Block 2 means that there will be a major shock to the share price if it fails. Starting with this does however give them time to evaluate the results if it is sucessful and possibly drill additional holes in the same programme. It opens up many additional channels.

    I would have liked them to start on one of the low risk targets within the known oil channels.

    G
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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