HDR hardman resources limited

Withe the Sterling/Mauritanian government deal being finalised...

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    Withe the Sterling/Mauritanian government deal being finalised we should be very close to finalising the finance package. Its been delayed due to the governmenmt buy-in (which will means $s to HDR in reimbursed expenditure) and Tiof apperaisal - so just Tiof flow results and it should be all wrapped up - presumably with Tiof development funding tied-in.

    Then there's Merou, Uganda results from Heritage (by year end - gees they are slow!), Guyane farm-out (by December) and Tiof reserve estimate - once Tiof 5 and well data is assessed (December? for a January go ahead?).

    Looking good ... againg!

    H
 
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