Hardmano,
I am just in from a field trip and am trying to catch up. From what I can gather, HDR's share price has been depressingly soft all the week until today. Most of the market chatter seems to attribute this weakness to a probable dry hole in Uganda or broken rig gear.Yet, Tullow Oil in the uk[ HDR's 50% partner in Uganda] has had its share price rising by 1.5 to 2% per night most of the week.
I have checked the drilling rate and , if working normally, the Waraga 1 well should be on target now. Have you heard anything to suggest geo problems or dry hole?? I think the traders are simply working off their charts without real knowledge
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tullow keeps rising in uk
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