How about this for a theory & this is based on Potter wanting the best outcome for shareholders:
Terms of the contract dictate that IF substantial oil is found soon (before mid-december) than TLW will be able to make a stronger bid, allowing also for other bidders to come in.
If the results are poor, than HDR will struggle financially in the future and when $2.02 is offered than $2.02 it will be, if you do not get out sooner with a couple of cents more.
Thats my gamble the way I look at .
This could explain why other bidders have not shown themselves YET - awaiting results.
Do we know how many holes are scheduled to be drilled pre mid-december?
I am an Australian (Queensland) holder.
Only new to this game!
HDR
hardman resources limited
