guyane, page-4

from memory hdr has until end of the year to make a committment for guyane

my guess is hdr wants to hold off as long as possible for several reasons

1. After next bout of drilling, they will have an updated picture of the cash that will be needed for future development & what extra future cash flows they can look forward to.

2. If someone is running a ruler over hdr for a takeover, the hdr sp has a greater and harder to determine value as long as they still have full control of guyane - although this also increases the appeal of a takeover as well - since the buyer can choose their partners.

3. The longer hdr can hold off and get closer to a regular cash flow, the larger a stake they might be willing and wanting to keep

just my thoughts as I sip my first brew ..