do not disturb - i'm eating my hat!!, page-5

re: do not disturb - i'm gobbling my hat!! If the market, rightly or wrongly, has decided to substantially downgrade the value of HDR's Mauritanian oil interests, then HDR will need to find a lot of oil in Uganda to compensate and return to $2.50+.

The oil will also need to be commercial.

I also suspect some in the market link Uganda with Idi Amin, or entertain the possibility of a 21st. century Idi Amin taking power in Uganda.

That being the case HDR's Ugandan assets will carry a heavy political risk discount.