chinguetti drilling update, page-19

re: resistence is futile... KL

Agree absolutely - only I'm less inclined to make predictions than you! Nevertheless - new highs SHOULD be expected this year and there's every possibility of HDR getting back to the $2.40 mark or more once we are into the drilling campaign. Hell - I don't know about you but I'M EXCITED!!!! LOL

I believe HDR is now 55% held by instos and those who are not on board will as you say have to get on board soon or miss the boat. We thought HDR would crack the ASX 100 last year but failed wells put paid to that. I can see it getting there by the end of the year (or whenever the changes to the index are made around that time) provided we have at least 2-3 good discoveries and successful appraisal of Tiof and Banda (with Pelican appraisal being a bonus IMHO). Then ALL the fundies will have to join us!!!!!!

Cheers

H