re: hdr / wpl values, price action Actually WPL has only 666.something million shares on issue so the cents per share valuation on Mauritanian oil is similar for both partners.
As to what's holding HDR back now that everything has gone right with Chinguetti and Tiof has scored a hit ...
?? stale bulls - seem to be an awful lot of them ...
?? Tiof uncertainty - it will help once some more definitive results (positive) get released
?? Mauritanian politics - but this stuff is 90km offshore
?? time - be patient
Personally the only reason I would not buy more right at the moment is the chance that further logging changes the 38m "minimum" oil column to a 38m maximum. If you're prepared to wear that risk then 72c looks like good buying in advance of Chinguetti being declared commercial, regardless of what happens at Poune (of course, if the price runs up strongly ahead of Poune results you might then offload a few...)
HDR
hardman resources limited
tiof posts another strike for mauritanian partners, page-6
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