king louie, trender, xmagx et al??, page-3

capman

Very good assessment! HDR has come back to pre-ENI equity sale levels and yet they have $100m more in the bank. I hadn't thought of HDR taking up more equity in Block 7 or elsewhere in the Dnan JV areas but its a possibility. It may however not be received too well to have sold proven assets for current blue sky - then again HDR and Dana no doubt know a lot more about what's there than we or the market.

H