RE: Over Reaction This is not good news for any company drilling off shore Namibia. HRT is not down as much as EOG because they have properties in Brazil, EOG's value is 100 percent Namibia based. The board at Chariot IMO has lost a lot of credibility in the market because of their reaction to the drop in their share price last week before the RNS announcement today, Mr. market spoke the truth before it happened.
Now we have to wait for the upcoming drill results from HRT. Hope they decide to now drill first in the Walvis basin and the results are positive. Another positive indication will be if we see more insider buying from the EOG board. GLTA!