HDR hardman resources limited

for god sake fix the ching wells before anymore du, page-2

  1. 16,264 Posts.
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    hooter

    I sympathise with your frustration. Unfortunately they can't fix Ching until they can get their hands on the completion equipment .. and that's October. AH is subleased to the Dana JV for Flamant and Aigette next. No dobt they will start drilling the Ching wells ahead of completion equipment being available but that's still unlikley to be before late September IMHO.

    With respect to exploration excitement and good news .. I would have thought the Uganda news of the last few months would have helped .. but it hasn't because there have been no rave reviews from HDR .. just caution. And so far no OIP or reserves estimates. It should be huge news for HDR but until they release the numbers and a plan for commercialisation the market won't value it at all. Its an incredibly long assessment period ... compare it to say ROC"s discovery offshore China .. discovered, appraised and reported as many tens of millions of barrels within months. Frustrating to say the least!!!!!!!!!!

    H
 
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