hdr without mauritiania ?, page-4

Hi Abuman,

Thanks mate.

I have been what I would call extremely conservative. Sick of beig called a ramper. For the other assets the Falklands is pretty rock solid. Uganda around the same as have used every caveat known to man and only used a 33% valuation for what the adjoining block appears to be valued at.

Cash parts easy.
Guyanne, Australia ..... I really don't know.
Would love to know what the Timor assets are worth.
Just can't find any info.

Goes without saying, since they have not been taking into account when valuing HDR assets, if they find nothing won't change anything. Then again Uganda will make them sit up and watch.

Next Mon/Tues .... it will be a bombshell, maybe ignored by the market, for a while. But it will explain why one broker came out with a buy and valuation of $2.42 even after the Merou news and another retail one came out with a sell and valuation of $1.40. Only test of time will tell if my interpretation/ theory is correct but I have all the pieces of the puzzle I can get which has led me to the conclusion and there are quite a few.

Without knowing the real story, maybe I am again incorrect, but at a minimum it will be an original theory to explain certain actions and perceptions some have come to. Prepared for the egg even if I am wrong.

All will be revealed ....