re: king louie, trender, hardmano et al?? Some good points but I don't think HDR need to go for a higher percentage in blocks 1, 7 and 8. With Uganda looking the goods and Gabon proven, its just a matter of Guyane coming in and HDR have no need to increase its equity.
IB,
BG are probably "A leading player in the global energy market". due to knowing a bargain when they see it. WPL and partners have spent a lot more than $US132M proving up Ching, Banda and Tiof and although BG only has a small percentage for a big player it will be more than taken care of with future discoveries. Had the area been dry the JV would have still been out of pocket over $US200M after seismic and drilling of a couple of wells. If I was a BG shareholder I'd be over the moon knowing that the company had purchased a multi billion barrel field for peanuts!
Bring on July !!!
Regards,
xmagx
HDR
hardman resources limited
