GREY:HRTPF - Post by User
Comment by
Oiljars51on May 12, 2013 12:03pm
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Post# 21369896
RE: RE: RE: Wed's Conf Call
RE: RE: RE: Wed's Conf Call Gusgold,
I agree with you about the cash burn rate, It is a significant point of concern. I believe the recent aquisition of BP's asset addresses part of that concern. This production will add to HRT's revenue stream for the next 6 plus years. But, Namibia is where HRT has decided to go elephant hunting. Namibia will make (or break) HRT. I recognize that you do not believe there is oil to be discovered in offshore Namibia but others have a differing view. Is the BOD trying to change the direction of the Company? Iguess we will have to wait and see what they tell us. We have all made our bets, now the drill bit will tell the rest of the story.