two reasons hdr sp is down today

I have been scanning news items in relation to the latest flow results in Uganda. The heading below is typical of most of them

"Tullow Ugandan test results not good"

When the overall market is shaky and when even the oil index is down, then companies that are perceived as poor performers are dumped.

We need HDR to get their act together on their announcements. Stop giving negative spin on everything!

The latest announcement should have read

"Flow tests about to begin".

Then go on to remind investors of the exciting oil colums HDR discovered. If they had to mention the basement results then they should have stressed the fact that it was highly speculative to expect large quantities from the basement zone.

As it is the perception is that Uganda may not be all that good afterall.

We know this is not correct. In fact I believe we are about to receive a pleasant surprise from flow tests over the higher zones and then once again Uganda will be a company maker.

I just hope that Simon can manage to look at HDR through the eyes of its investors and build a better perception of the company going forward.

Angers