HDR hardman resources limited

upgrade of reserves, page-3

  1. cpecan1
    1,200 Posts.
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    26/02/03
    13:14
    Post #: 132379
    re: upgrade of reserves - 146mmbl Mean average recoverbale reserve of 146MMBL's.. Very interesting report although I suppose its much as well expected... Still places the company on firmer ground..
    - Banda appraisal drilling
    - Tevet and Lead-5 exploration wells next, both within tie-back distance to Chinguetti.. so all up anybody willing to place a field reserve estimate - 400+MMBL's??

    Good news for longer term holders although this market unlikely to price and real premium into the share-price. For longer term holders CGT discount is effectivly locked in with these news.
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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