Heritage up 5% overnight in Toronto - I wish I had bought some of these (they were C$2.50 a year ago now over C$7)! Results of the Turaco well adjacent to HDR's Ugandan territory can't be far away. Remember that last year they intersected a more than 300m HC column and no they are testing. HDR is hanging onto all of its equity in the adjacent block and seismics have been done with a well planned for 2nd half 2005.
We need something to get the market interested in HDR again - Uganda could be it, or a Guyane farm-in, or Tiof flow test results or reservoir upgrade.
Today's drilling update is expected to report Tiof 4 "as expected" and the Stena Tay moved on. Not sure about flow results from Tiof 3 just yet.
H
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
