The market seems to have been expecting a much larger oil column. The truth is, that we don't know what oil column was assumed in the 250-300 million barrel estimate for Banda. Perhaps it was a 20m oil column and the 23metre column will be at the higher end of reserve estimates. Ellyard has said this oil find covers a 'very large area'. Look for a big rebound when they announce the reserve estimates.
Keep an eye on Fusion in London tonight. They might give us the reserve estimate. In the past they have been supplying the market with more information than Woodside, who have a vested interest in downplaying Mauritania.
- Forums
- ASX - By Stock
- HDR - 133 m Hydrocarbon Intersection
HDR
hardman resources limited
The market seems to have been expecting a much larger oil...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online