what a confusing day....
broke thru the previous key level of 1.61
obviously good anticipation of Uganda - with Hermoine in country
then wham bam mam - I don't know which came first, ROC's OB or Hardman's - can anyone fill me in on that - I was driving at the time.
I think we have been told today in Hardman's announcement by Hermoine that Ching 2P, without remediation is reduced by 50%. We need to see what remediation brings by way of lift from 50%.
This means Hardman's reserves will be reduced by up to 12 million barrels.
If this is the case, lets hope that Uganda can more than make that up in next week's announcement.
Maybe Hermoine is learning something - get that bad news out of the way decisively - let the sh*t hit the fan - and let everyone move on.
5% of the company changed hands today!!
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