Hardman Resources (HDR): Winner

Submitted by Marco on 30 September, 2006 - 23:14

Hardman Resources (HDR) was the best performing stock on the Australian sharemarket this week. (Winner of the week for week 39 of 2006). Hardman Resources stocks rose 56 percent on the week after a takeover offer. Hardman Resources is an Australian oil and gas exploration and production company listed on the Australian Stock Exchange and on the Alternative Investment Market (AIM) of the London Stock Exchange. Hardman Resources Ltd has grown from 221 shareholders with a market capitalisation of $800,000 in 1987 to today’s success story - capitalisation of approx $1.2 billion and over 22,000 shareholders through its dual listings (as at 31 May 2006).

Hardman Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code HDR. You can view their investor website here.HDR was listed on the ASX on 6 August, 1987. Hardman (HDR) is a member of the ASX S&P 200 Index and is the seventh largest company in terms of market capitalisation on the London Stock Exchange’s Alternative Investment Market (AIM). Hardman Resources was AIM International Company of the Year in 2004. Hardman has projects in six countries and a major presence in the new found petroleum province offshore Mauritania, West Africa that includes the Chinguetti Oil Field. All projects involve a combination of the Company’s wide range of expertise, experience, technical and financial skills with local partners to allow exploration and development to progress rapidly and with regard to local political, social and environmental issues. Browse for Australian stockbroker recommendations. A previous Hardman Resources (HDR) stock recommendation. Check your charts and good luck with your share trading!