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UBS this morning released a note on HDR, before the drill...

  1. Turlet
    234 Posts.
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    05/07/04
    13:37
    Post #: 505647
    UBS this morning released a note on HDR, before the drill programme was released, that quoted WPL Tiof estimates up to 712 million barrels!! Yahoo.
    The low fully risked estimate was 129 mbbls, but we won't go there.
    They go on to say that the 4 prospects mentioned in the announcement today could add up to 85 cents to HDR.
    Merou has potential for 360 mbbls and "Dorat", east of Tiof, 230 mbbls.

    All good stuff.
    HDR Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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