new board for hdr, page-5

The big buyers must be able to visualise a different outcome than most of us can currently see.
They will not buy in as substantial holders for a small margin on a relatively small deal. It seems more likely that they expect a large margin.
One thing for sure, Uganda is a major new oil province and Mauritania is slowly revealing the goods.
Set backs such as Chinguetta have happened many times before in this high risk business.