HDR hardman resources limited

BANDA reserve estimates, page-13

  1. 128 Posts.
    re: Next Week I will be truly amazed if next week's announcement is boring.

    As at last Wednesday ROC announced preparing to drill ahead from 2500m in 12 1/4 in hole. Clearly they will drill to TD in this hole size and run logs; should not haven taken longer than 4-6 days unless they hit a problem such as stuck pipe. Even then, I imagine they will have been using MWD (Measurement while drilling) gear and would already have a pretty fair idea of whether there are hydrocarbons in the primary objective "A" sandstones, which were surely encountered somewhere in the cored interval.

    Agree the price action has been surprisingly flat except for London Thursday night, but I'm still encouraged by the volumes and no sign of insiders dumping en masse as they did on Courbine.

    Anway, I couldn't take yet another weekend of "waiting for Hardman" .....


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