Petronas have tested D75 to death so a decent percentage of the $3 million per annum from this single pipeline can easily by baked into the share price. Succeed with this pipeline alone and it’s a company maker with instant profitability. The viability of the business and therefore, a far higher share price is looking very likely now so I’ll be very surprised if we don’t see a steady rise from here. News of gaining the entire Cadium field of 100 wells could drop any day or any or the spur pipeline in the Gulf of Mexico or even the success of the UAE tank cleaning…..There’s so many price catalysts close at hand that I’m tipping a very merry Xmas.
HCD Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
