same pattern as yesterday

HDR has settled into a pattern (2 days anyway) - up in a buying frenzy early them buyer exhaustion and it settles back a bit. Yesterday it peaked up 7 cents and settled up 4, today it would be a good performance if it peaked up 6 and finished up 4 (at $1.22).

Some chance though that there is news on the way which could send it higher (on top of this current rerating) - possibilities are 1) funding 2) Pelican upgrade or data showing oil 3) fastracking of Tiof and Pelican appraisal, or 4) equity sale 5) farm-ins to other blocks - 1,2 7 and 8, 6) farm-ins in Guyane or Uganda 7) announcement of drilling in Gabon, and then of course the old t/o possibilities. Plenty on the way!!!

Go HDR

H