HDR hardman resources limited

chinguetti pumping 14,250 bbls/day for hdr

  1. 438 Posts.
    HDR is right now enjoying 14,250 bbls /day of oil [75,000 X.19] being pumped into the "Berg Helene" and being stored until ready for sale mid April. As of now the price of Brent crude is $US61, so if we assume $US60 ,at the current exchange rate we gain an idea of the revenue to HDR in a few weeks time. $A1.2 million per day will be pouring into our bank account; that should happily pay the expenses and leave plenty to fund Uganda and Guyane. One cannot beat cash flow to grow
 
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