HDR hardman resources limited

Hardman - Takeover Speculation

  1. 800 Posts.
    From Dow Jones News
    DJ MARKET TALK/AU-EQ: Hardman Jumps On Chinguetti Interest

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    1149 [Dow Jones] Hardman Resources (HDR) jumps 4.8%, or 4 cents, to 13-month high of 88 cents, volume 2.4 million, as speculation mounts Woodside (WPL) will launch buyout due to apparent success of Chinguetti oil exploration offshore Mauritania. Market guessing field might hold 110-180 million barrels. WPL is operator with 35% stake, Hardman has 21.6%. WPL paid A$1.10 a year ago to buy 10% Hardman stake, but then stock slumped to low 40s when Courbine well came up dry. (IGP)

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