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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hardman Resources - Huge oil & gas finds in Mauritania

July 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Last month's main write-up on oil & gas explorer, Dana Petroleum, 294p, highlighted its potential in the former French colony of Mauritania, which has really captured the imagination of investors following a string of substantial finds by other operators in the region. One of these is Hardman Resources, whose share price has gone into orbit after three mammoth discoveries, which could add over 200m barrels of oil equivalent (boe) to its reserves.   Foundedin 1986 as a minerals explorer, Hardman, which is based in Perth and has a dual listing on the Australian Stock Exchange and London's AIM, successfully reinvented itself in the field of oil & gas exploration, with a strategy of acquiring acreage in under-ex ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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