HDR - (OIL) WELL WELL WELL !, page-3

Lets face it HDR is stuffed for now till they announce Ching upgrade of recoverable reserves in early Dec and drill Twin Lions 360 m bbl in Jan, (HDR 30% of TP15 permit, straddles two permits. Works out to about 25 cps for HDR.
360 /2 (two permits) x .3(recoverability rate) x .3 (HDR share of one permit) x $6pb all divided by 400 m shares


Warrants may as well be thrown in the bin, both HDRWMA and HDRWMB. Still everyone thought Thon would come in and it didnt, so expect the unexpected.