Can someone please post the announcement? I can't read the PDF sent to me.
If entire Agip stake is sold for USD 132m, this is roughly 10% of Areas A&B or 55 m barrels of oil at USD2.3 per barrel.
This looks to me to be a short term positive on HDR but way too cheap in my view.
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hardman resources limited
hdr sells eni-agip percentage, page-4
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