tiof posts another strike for mauritanian partners, page-12

re: hdr / wpl values, price action Well, here we are with the current drilling/testing campaign at 2/2, oil prices still high and no reason to see them falling anytime soon (thanks for the graph and welcome back Chinguetti), Mauritanian governance no less secure than ever, and the HDR shareprice at more or less the same level it was two months before the campaign started. This is crazy. I predicted a while ago that 5-digit flowrate from Chinguetti and a Tiof success might see the sp at a dollar and thought I was being conservative. Even if Tiof is < 100 mmb, it proves up a separate play fairway and confirms the overall regional prospectivity. Seems like ignorant daytraders still rule.

Yours in some frustration ....