hhmmmmm, page-5

Hi King Louie

I just spoke to Dean Richardson re Hdr. H esaid HDR plan 10 or eleven wells this year. Which as Woodside are only talking one or two it would seem they will be drilling with other parties.
Hdr's quarterly report is due out on 15th March so only a couple of days to wait.
They haven't even being doing the rounds but from his conversation it seems that there are a few Institutions interested in the stock.
Hopefully we will see an upswing when they get confirmation from the other partners re AGIP sale and can announce what they plan to do with all that cash.