Look at it this way.
Ching 150 million barrels, Tiof 300 million, Tevet 50 million. HDR's share 100 million barrels multiplied by AUS$10 per barrel = $1,000,000,000 ($1.62). Add $300,000,000 cash + Banda gas + Upgrades at Ching, Tiof and Tevet + Guyane + Uganda + further exploration success in Mauritania.
Probably worth holding based on the above.
HDR
hardman resources limited
heading back to where it belongs, page-8
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