I know HDR is ( was ) an exploration company but simple maths tells me that at $35 m cost per well to get 10000 barrels extra a day makes a lot more sense than drilling dusters.
Allthough we might not need the cash today HDR is being priced as a producer ( and a very poor one at that )
There wasnt anything in the share price for colin success but it was mercilessly punished on the duster.
HDR cannont afford to have any more bad new it needs a string of good news to turn things around.
We know blue sky drilling is a risky business but HDR simply cannont afford anymore bad news.
We know the ching reserve downgrade is coming we know its allready factored into to the price but we also know it will get sold off again when the news is released.
So fix the wells ! give us some good news regarding uganda and where is the Guyanne Farmout ?
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- for god sake fix the ching wells before anymore du
HDR
hardman resources limited
for god sake fix the ching wells before anymore du
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