Just read the Age article today which said that currently market...

Just read the Age article today which said that currently market is valuing HDR at USD 2.90 per barrel.

This is crap and but may sound quite reasonable to some readers. But truth is HDR is being valued at only $A 2 per barrel.

This is based on HDR market cap of $A420 and HDR reserves being 190 mbbls (i.e. 33% of 350mbbls in Tiof, 142 mbbls for Ching and 100mbbls for Banda). Think of it like this, two HDR shares buys you a barrel of oil which currently trades at USD30+. Talk about cheap.

And to De rat, you're worse then the Age reporter. At least he come up with some figures, but you talk is full of Shxte.