mmmmm. HDR (Burns) is great mates with Danny Hill (CPC slow coach) .
Burns has a big question to be answered after this well is finished , I suspect that it will show about 150mil barrels to HDR.
The price action (HDR) suggests there is a new round of financing or farmout to be concluded for any further holes.
Pattersons swept the market on CPC this morning (Hills broker). Danny with cash strapped CPC has signalled loud and clear that Oil is the next move. With the uncertainity of a flop being diminished every day involvement with CPC may well be on the cards.
CPC has only 30 mill shares on issue with 45 c plus cash backing, now trading at 30c the risk on the downside is very low.
Time for a punt?
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
