I suspect that the number after todays trading will be even less.
Another consideration, given that the price of oil is at recent highs, is the finer details involved in the $100M ANZ financing for Ching. I would like to know if any production has been hedged and at what levels. Although Hardman are not producing this could give some price support to the HDR share price if price of oil should show any weakness.
Anyone have any realistic cost to base Guyane eploration drill. I would guess at ~$20M but it could be considerably less. ~$250K per day for drill ship plus ather consumables Again the cost to HDR dependent on the final percentage of the field and any factors that may result from the final farm deal.
If the CSEM was/is proved to be accurate in the West Africian fields over this next exploration phase why couldn't HDR elect to press on with an initial wildcat drill holding 98%?
HDR
hardman resources limited
