Trender,I'm a long time holder of HDR (from late 1996). However,...

Trender,

I'm a long time holder of HDR (from late 1996). However, I think that we are likely to see Keating's "J tube" effect on the share price, with another dip after the next Chinguetti appraisal well.

The well is designed to find the elusive oil water contact. My predictions are that it will probably encounter about 20 metres of gross oil pay, the well will be plugged and abandoned, and the fickle market will punish the share price. The increase will come after the Thon discovery, when the takeover action could begin.