Key Mauritania points as I heard them:
* WPL describe recent Chingeutti appraisal as "very successful". "Fanstastic outcome"
* Best sands found in latest Chinguetti well. Expect it to be commecial. Targetting 75k bopd
* "Pleased" with results on on Tiof. Needs appraisal but very encouraging
* Looking to "commercialise" Banda and other gas, but a longer term play
* Seismic - saw exactly what they found in Chinguetti, Tiof and Banda
* Tiof proves a different channel system. Opens up exciting raft of other opportunities which will look at next year.
* "Expect 2nd hub in Mauritania to come through". Looking for 3rd oil hub as well
* WPL say acquisitions look expensive at the moment
What does this mean for HDR?? I'd say a much higher share price over the medium term.
Cheers
Flash
HDR
hardman resources limited
