This off Egoli today from ABNHDR: Had their AGM yesterday. No...

This off Egoli today from ABN

HDR: Had their AGM yesterday. No surprises but still upbeat. These guys will ride the wave on the expected further capex made by Woodside on Mauritania. With the government buying in and exercising there options watch this space. It’s all about gaining stability to get in and amongst the fruits this land has to offer. They are now placed to move ahead strongly on all fronts. Hardman’s acreage covers almost the entire offshore basin in Mauritania. They have 24.3% in Banda, 21.6% in Chinguetti. Out of the $600m US spent by the JV to achieve first oil production by Q1 2006 – HDR’s share of spend is only $129 m US. This is leverage to exploration and production success at its best. Get on board.

HDRIZU Jan 06 $1.50 Instalment Delta 81