Hardman has released its June quarterly activities report. The...

Hardman has released its June quarterly activities report. The company will release 2005 results on 26 September.
The first three exploration targets in Mauritania are Sotto & Colin (PSC A) and Espadon (PSC B), with a collective pre-drill estimate of approximately 600 million barrels of oil.
Whilst Hardman has appreciated by around 50% over the last two months, we see further upside driven by exploration news flow and start-up of Chinguetti.

I WONDER IF ANYONE THAT SOLD OUT LAST WEEK BECAUSE OF THE COUP IN MAURITANIA HAS BOUGHT BACK YET? I'M GLAD I DIDN'T PANICK.