hello possums, page-7

re: hello possums wiza i have seen a broker a valuation of $2.50
do your own homework etc etc etc but here is something from the report

Investment View
HDR will begin a new stage of its life in 1Q06 when production commences from the Chinguetti offshore oilfield, Mauritania. HDR has spearheaded three major discoveries in this west African region through a strategy of exploring frontier tenement areas of the globe. Other major discoveries have been made nearby at Tiof and at Tevet. The exploration focus is Mauritania, offshore Gabon, Uganda, offshore Guyane, Falkland Island area and Timor Sea, Australia. A quality, growth, upstream oil company.

HDR's Mauritanian acreage has yielded significant oil discoveries at Chinguetti, Tiof, and most recently at Teve't. The company's strong position in this new oil province is exciting, and the key attraction. However, there is still considerable uncertainty attached to the valuation and investors can expect further share price volatility. We currently recommend a BUY as the stock carries no exploration premium for the ongoing potential, which looks good.