market undecided, page-4

put it this way, if the current result was there before the well was drilled i would have taken it and said HDR was worth a lot more than it is trading at now.

It might take a few instos ringing up their brokers and asking what it all really means before we see any action. I'd say a buy at 73-74c which is but an appraisal well away from making HDR worth much more is worth the risk. If one used probablility theory and options pricing theory one could easily justify the current price.

Just think if they could commercialise the gas as well...

Flash