Interesting Dana is up over 11%. Unlike HDR, Dana seems to hint that it is a oil discovery. Their announcement states in part:-
"a further announcement will be made in due course, regarding hydrocarbon type encountered and the likely size of the discovery, once all the data gathered from the well has been recovered and fully evaluated".
This bodes very nicely for HDR for this well. Could be worth 20 to 30 cents. Any other thoughts re share price potential if this well comes in as a good discovery?
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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