HDR hardman resources limited

HDR on the American market, page-9

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    They also re-iterated the spec buy recommendation in The Times on Monday.

    Here's the full text of the article on Sunday....

    Sunday Times
    07 JUL 2002, Page Business 12

    Hardman Resources;Sharewatch
    By Paul Durman

    THIS Australian oil explorer, which listed on the Alternative Investment Market in March, has taken a 30% stake in a joint venture to prospect for oil in the south and east of the Falkland Islands. The three companies involved plan to spend three years collecting seismic data. Early indications suggest the basins have similar geology to others further west, where Exxon drilled a well in the early 1980s that produced 3,000 barrels of oil per day. The new investment will sit well with Hardman's global ambitions, which take in a stake in offshore oil acreage in Mauritania, on Africa's west coast. Hardman is valued at almost Pounds 100m. Exploration companies are always risky, but the range of projects under development give it a better chance than many. At 25p, it is speculative buy.

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Currently unlisted public company.

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