re: time to come clean
Yep, remember some moths ago when Tullow had 3 new wells to be drilled in 2nd half of 2006. We will now be lucky to get one of them and the chances of that being drilled before the offer is probably slim, HDR and TLW will see to that, and in any case will certainly ensure that there wont be enough info to assist shareholders understand the result, unless it´s bad. Good chance SP wants to work for TLW and is trying to hand the company over on a platter, the fat pig.
Only good is that whatever happens the share has been revalued and even if TLW aren´t successful, and even if HDR have more problems with Ching flow reductions (which I suspect will occur) we should not see the price back in the toilet where Potter did his best to put it the last few months.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held