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The rns did not tell us anything we do not already know.Prepare for a very long wait.The terms HUR will be looking for will be extremely disconnected from what a partner will be offering.A potential partner will know HUR can not do anything without huge investment so will be offering the poorest terms as they have them bent over a barrel.The other option is HUR goes down the massive dilution route with a discounted placing.Both are not good for holders with high averages as dilution could mean almost 1.5 billion shares in issue and a poor farmout could even mean losing 70% of the oil.Not a position of strength is it?
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