hdr sells eni-agip percentage, page-8

Hi Hardmano,

I'm not quite as enthusiastic as you in regards to the price but agree in terms of much needed capital for this years drilling campaign. I believe that BG have got themselves a bargain with future strikes likely to lift total reserves for the area into the 10's of billions IMHO. Fact is HDR needed funds and this is the best way to go about it. I believe we may see a repeat of the ENI transaction with JV partners pre empting the sale.

Good Luck all

Regards
xmagx