" It is with great regret that we have to inform the market that...

" It is with great regret that we have to inform the market that we have provisioned another $ 25 million USD for another water injection well for the Chinguetti development.
The reason is that our initial estimates of flow rates willl fall short of 75,000 BOPD without another injection well.
Why not toss the coin nontheama and see if it lands on tales.

Lets get a bit of commonsense happening.

My "take" on the well is full of shite,just like yours so stop these feeble ala King Louie chomps to reinforce a particular mindset.

What happens to the HDR stock price over the short term is imo tied to 3 or so "events".

1 The Bouge and Sotto wildcats.Another duster or 2 ,or vice versa a "coupla elephants"

2 The completion and initial reserve "estimate" of the Tiof appraisal. Should it come up hunky dory,fabulous there will be another production hub alongside Chinguetti.
Flip side,we have all been told that it may map out at about 4 times the structural closure of Ching.
Ramification : Development cost.

Who stuck there hand up at the last AGM and voted against HDR directors being allowed to place up to 15 % of the issued shares in the company without the approval beforehand of the owners of the company?

Answer : Nobody,the only entity out there who has ever challenged the 3 musketeers was Anne from the Australian Shareholder Association.

3 What happens next :The current development,appraisal,exploration program concludes,and the results are there for everyone to peruse and price HDR accordingly.( Read Brokers,Parasites ,Insto's first then Mums and Dads.)

Juncture.

WPL calls Tiof a fast track development,HDR shares are back to $ 2.48 and the world is now spinning on its correct axis.

HDR directors take there story to our friends in London and issue up to 15% ( 130 million shares ) at an appropriate price.

WPL calls a fast track,Sotto Bouge fail the SP is 1.50 and the directors are on the same plane to London.

Finally I would commiserate with you all on the recent news breaking about Ted.
He has not fallen of the perch at 43 years as the CEO of Maccas did ,but has been sseen in the Margaret River Region buying a vineyard over the road from John Akehurst,and they are both enjoying some canapes over a dry white with a hint of chocolate at Johns cellar door.

Good Trading to you all.