HDR hardman resources limited

watch this today........

  1. 8,880 Posts.
    Faucon which is drilling now, targeting 350 MMBLS of oil, should be nearing total depth or at least entering the target zone, we have a new operator [not WPL] and their method of announcement or the "amount of leak" is yet to be established, watch HDR later today or London tonight.
    The SP downside if a duster should be limited as "first Oil" is due in a matter of weeks and should support the price, if successful however the rise will be significant as the block is a long way from the successful central blocks and the target is Cretaceous and would open up a completely new play type, 350mmbls at 18% to HDR is significant.
    The 3D and the CSEM images seem to be clear, the main obstacle appears to be satisfactoty reserviour sands.
    IMHO only of course.
 
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