HDR hardman resources limited

Hdr Sellers, page-2

  1. 672 Posts.
    Good riddance! This is a stock for those with a 2-3 year outlook, not 2-3 hours. HDR has been battered down so many times over the past 5 years. It always comes back stronger. No one can deny that Mauritania is a winner. Every time they poked a hole in the sand they found hydrocarbons, and 3 out of 4 wells found oil.

    There are 54 undrilled leads in the Woodside blocks and 40 in the Dana blocks. Thats 94 leads to drill. If HDR keep up the 75% hit rate thats 70 more Chings and Bandas, each one adding 10-50c to the shareprice. HDR has got a long, long way to run. Do the sums.
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