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MARKETS

Hardman runs on the money

Strong oil prices have kept a fire underneath the Australian E&P sector, with one of the recent achievers, Hardman Resources, surging on the back of a freshly boosted balance sheet.

Brendan Egan

Hardman has always been volatile - it is a top 200 ASX company by market cap yet has not a single drop of current production. After arranging a raising of $167 million at $1.10, HDR rocketed from $1.20...

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