hdr sells eni-agip percentage, page-5

re: sensational news! what a price - us$132! Ted is certainly a good deal maker and very canny. I wonder if the JV partners will pre-empt this equity sale like they did with ENI's, or whether they will be happy to spread the costs going forward. Nice to see Ted re-iterate that this money will allow HDR "to support and participate in an aggressive exploration programover the next two years to quickly realise the vast potential of vthe Mauritania basin".

H