"For the time being, the fundamentals of the industry dictate a high oil price. Barclays' Horsnell predicts an average price of $48 a barrel for 2005, $38 for the year after and then $43 in 2010."
Well that price is nearly double what the share market investment advice gurus are using to value Hardman.
So what's Tiof + Chinguetti + Tev'e't tied in together worth?
Say 600 mbls at $43 .... oohh aahh!!!
And they are nearly proven commercial.
That puts HDR over $5.00 even allowing for extraction/production/royalty costs of $20
What a gift at $2.15 !!!
HDR
hardman resources limited
