Roll on Tuesday. I wonder how WPL are planning to play down this news?
So where to from here? Flow test. Then maybe a month or two for a reserve estimate update? More exploration wells along the way. Eventually a decision on Matamata.
It would only cost $1.2bil to buy up all the listed shares at today's price. Let's hope that there aren't too many majors out there with a spare bil or two burning a hole in their pocket.
Interesting turnover this week. CSFB a net buyer of 4.2 million shares! Patersons, Amros and Mcbank all in positive territory too.
Good to see.
HDR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held