There were no signs of insider trading in the lead up to this astonishing announcement. Since we have been quick to condemn the JV partners for information leakage in the past, we should be acknowledge the improvements they have made in ensuring a fair market.
HDR is worth well north of $1 on Chinguetti alone. With an 80% success rate and 94 undrilled leads, HDR will be one of the best performing stocks on the ASX over the next decade.
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113.5 metres oil column, page-16
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