HDR hardman resources limited

quarterly disappoints, page-17

  1. 16,392 Posts.
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    re: quarterly has some positives 618

    Adding to last post .. the fact that the Block 7 prospect that has been chosen is a gas target. And this shortly after Gaz de France (our most likley suitor IMHO) has farmed in via an agreement with Dana and recently signed a gas development deal with the Mauritanians. its a bif if .. but if Flamant comes in on prognosis at 5 TCF and the Block 7 Agriette well also hits gas ... an LNG development will look very likley.

    HDR's equity in Block 8 means that Flamant alone could be worth 180 million boe to HDR ... now what does that equate to in cents/share?? Anyway its a lot!

    H
 
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