re: HDR-NO SURPRISE Just a reminder of Butcheranos earlier post...
Very credible by the way...hit the nail on the head.
Weathered plenty of squalls like this before.
Subject re: Cat got ya tongue??? ( 1 reads - 0 replies )
Posted 02/09/02 14:01
Member butcherano
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Straight from horse's mouth:
* Announcement out tomorrow (as per the usual updates).
* Very high quality reservoir which created some problems with the flow testing. This may sound a bit disappointing at the moment, but the company assures it will be overcome with strong flow rates in production.
* Results of Ching 4-2 confirm an increase in Woodside's estimate of risked recoverable reserves from 65mmbl to 115mmbl (and the potential for more with the next step-out appraisal well).
* They will be spudding Chinguetti 4-3 next (and not Banda as first thought).
* Ted's heading off for London shortly, so it looks like a placement on the AIM may happen prior to Banda.
Sounds like there may be an element of truth to what Sailorgirl said yesterday, in that Hardman aren't sure what spin Woodside will put on the flow rate issue (or how much of the above they will confirm in the announcement tomorrow).
Cheers,
Butcherano.
HDR
hardman resources limited
