Just had an email from someone called Ted.

He says:-

Tiof-3 Appraisal Well - PSCB
West Navigateor ran and cemented casing to 2980m and preparing for flow testing.

Capitaine-1A - PSCB
Stena Tay drilled 2718m, cemented casing, and preparing to run in hole and drill TD


I think he just copied last weeks................

Need to keep an eye on this one.

Sure fire buying opportunity imo.

In view of SEY in Mauritania is it still worth holding HNR. I know they have a intrest in the Falklands but I can't see that happening for a while. Any views?

MS

I'm wondering the same, especially by the time the govt take their cut.

I'm thinking short term with this.

If it goes much lower there will be a bounce.

Still not bought in yet!

capitaine 1 wet with water hey?

That explains the salt dome.

Sea water has salt in it.

Of course what is beneath the water??

Something below is forcing pressure up. It's not continental drift as that is going away from Africa.

I'm sure they know what they are doing though.

It's a gusher!!!

From Hotcopper

"ABN-AMRO just confirmed P90's rumour they suggest a 300mmbbl (gross) oil discovery at Merou

This would influence WPL's share price by 4% HDR by 17% and ROC by 11% the results of Merou are expected early this week. and the TIOF-3 flow test within the forthnight

Bring it on we could have a great Xmas, and Hopefully a good one for Ted as well"

Seawall, can u post the link to arrive to this news/rumour. Ta

tomorrow!

xmortal, here is what you want.

from a poster on ADVFN:

Baker Young Stockbrokers associate director Wesley Legrand said one of yesterday's big movers was Woodside Petroleum, which reached a record high. The stock climbed 72 or 3.5 per cent to $21.02.
"It was because of the investment community getting information about the potential of their Merou-1 wildcat well," he said.
...
http://www.thecouriermail.news.com.au/common/stor y_page/0,5936,11508570%255E3122,00.html

...
Baker Young Stockbrokers associate director Wesley Legrand said Woodside had rallied on news that its Merou-1 wildcat well could be a "gusher" similar to the Tiof and Chinguetti discoveries. Results are due next week.
Woodside reached a record high, climbing 72c or 3.5 per cent to $21.02.
"There is research around indicating it could be worth up to $1 a share to Woodside's price," Mr Legrand said.
...
http://dailytelegraph.news.com.au/story.jsp?secti onid=1265&storyid=2292984

...
UBS research showed the well could be a "gusher". Results are due next week.
...
http://www.theadvertiser.news.com.au/common/story _page/0,5936,11509766%255E913,00.html

Cant get to the link, maybe expire, will wait and see what brings next week. Good luck to all holders. xm

http://www.thecouriermail.news.com.au/common/stor y_page/0,5936,11508570%255E3122,00.html

This one worked, the navigate to 'Resources lead new high'

It takes you to the article.

Sorry did it wrong, here it is.

http://www.thecouriermail.news.com.au/common/stor y_page/0,5936,11508570%255E3122,00.html

Or try this as an alternative.

http://www.thecouriermail.news.com.au/

Rumours over the other side of a "gusher" at Merou, nothing to substantiate them, but worth keeping an eye on price and volume this week IMHO.

I believe these rumours eminate from the HotCopper website in Australia, so should be treated as simply rumours until something more solid is available.


Edit

Sadly, we now have confirmation, and it's another disappointment!

Details can be found by following the link below, shame!

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&releasedDuringCode=W&issuerCode=hdr

Ouch! Took a hammering today.

MS

It'll rise just the same.

Holes or no more holes with oil or gas, there is enough in Mauritannia now to make a go of it.

Plus there are still 13 more holes to drill, (give or take 1)!

SWW,

yes, I'm considering topping up at this level.

Me too.

Well, I made a +17p some while ago on it's high, and bought in a few days ago at 86p, fortunaely only 1/5th of what I had before.

The Times says the next two holes carry a higher risk than Merou, Dorade and Capitaine according to Merrill Lynch.

While I still rate Hardman as a buy, I may just see the bulk of the drilling campaign out of the way before proceeding any further.