hugh,
I have come to the same conclusion, trust yourself and follow those who know more then yourself.
And the more I research the more I feel confident that HDR will still go towards my $3 target , especially with an ever increasing oil price.
Uganda could quickly turn for the better as long as they keep finding more oil the better the prospects to get it out cheaply.
My instinct tells me that this is going to happen,
If the high oilprice is going to stay then Uganda could even surpass Mauritania for HDR because 50 % holdings for wells on land even land locked will bring in more free cash then those expensive deep drills.
Simon Potter will throw everything he can towards Uganda as long as he believes that it will pay off. So far looking at his actions he believes it will.
I will keep holding and probably one of the few on this forum, who is not too nervous about it all.
jojo
HDR
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