HDR hardman resources limited

KAPOIf you can't tolerate the risk reward ratio, go buy TAP or...

  1. Pacey
    275 Posts.
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    10/05/06
    22:02
    Post #: 1553984
    KAPO

    If you can't tolerate the risk reward ratio, go buy TAP or some other oiler operating near to home.

    Hardman has done a good job of diversifying risk away from Mauritania by being active in several different geographic areas and at several stages of the exploration/production cycle.

    I'm happy with my return so far, but will be very happy if Uganda comes in with big reserves. I'm hanging out for the Matamata drill as well, if there is oil in that structure HDR will go ballistic.

    Pacey
    HDR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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