The difficulties the major oil companies are having to maintain existing oil production in face of the decline rates in their wells, makes it imperative that they constantly find new areas to explore for oil.
The squeezed is on for these companies, the world is becoming smaller every year in which there maybe oil fields of the magnitude that will be required to meet their needs.
I feel offshore Namibia is one area that they will not overlook. HRT is well position for a farm in by one of the major oil companies.
Things can change very fast in the favor of HRT shareholders. We maybe very surprised by how soon we get an announcement of a major doing a farm in with HRT. Drilling will be done as soon as possible, hopefully within 3 months.
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