west africa a done deal, page-6

reserve replacement would be enhanced by "acquisitions within available debt capacity ... in focus areas". Mauritania is a focus area so this might point towards a move on HDR further down the track -

For mine, to reduce risk and improve debt funding terms, I think the sensible thing for HDR might be to sell a small part of their share of Chinguetti to Woodside after this year's drilling has firmed up the near surrounding area's prospectivity. (while retaining current levels of ownership of remaining parts of the permit)

OG