This smacks of Woodside's original Ching P&A announcement that allowed insiders to buy cheap without risk.
I have stared before that Ted said there was much more than 130 mbls.
Wouldn't it be odd if the reserves were actually UPGRADED and ML had picked up 50% of HDR's shares at sub $2.
NEVER EVER TRUST WOODSIDE TO TELL THE TRUTH.
HDR
hardman resources limited
reserve upgrade or downgrade, page-2
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