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Re: petemantx post# 30892

Monday, 03/13/2006 3:19:49 PM

Monday, March 13, 2006 3:19:49 PM

Post# of 361984
Have also noticed recent references to HDY and admit to being intrigued on how HDY and ERHE might compare and contrast as the story looks roughly similar. Noticed Meridian did not respond to your questions on that a couple of days ago.

Seems to me that HDY is not at the Expression of Interest stage, nor is a bidding round set up, and awards and then PSCs and discoveries are all further off still. So seems they are roughly two years behind ERHE.

Comparing and contrasting . . . HDY is hemorraging cash to support 32 employees v 3 in ERHE that has funds in sight in month or so. Govt stumbles around on approvals for HDY, and HDY website not illuminating.

Have not seen how does prospectivity of HDY acreage compares.

So what is the real attraction of HDY?

Have I got it all wrong? Any HDY DD you can point me and others to clarify?


TIA



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