the news is very good

Overall the half yearly report is very good and certainly confirms aspects I posted yesterday regarding timing for Uganda's ongoing work program.

The report states (in part) their immediate objectives as, "Commercialise the major discoveries at Tiof and Banda in Mauitania and at Mputa - Waraga in Uganda". This confirms HDR belief that they have a major discovery in Uganda and from my source they believe the oil reserve potential in the short term (Waraga/Mputa and the two wells they intend to drill) will outline a recoverable oil resource in excess of 500 million barrels eg. 250 net to HDR. This would transform HDR from what it is now into something we could only dream about before Uganda. This could become reality very shortly folks.

This stock is very close to a re-rating prior to a very major leg up.

I have also been told that WPL is very close to a settlement with the Mauritania Govt and we should hear something in the next couple of weeks. It will be a win/win for the consortium and the Govt. This will remove the uncertainty & suspicion the stock price has been suffering of late and will in itself propel the share price.

All in all this is very good - folks we have waited along time to get in this position - don't get impatient now we are in for a major upleg.

Good luck to all shareholders.