Hyperdynamics Corp (HDYNQ)

[Money Mike 1]

The deal with Tullow was 40% for $27 million and a carry up to $100 million on the first well. So with our 37% that's $37 million and lets not count the appraisal carry as that is a wildcard. So it was a $64 million dollar deal for 40% or $1.6 million per each %. If we could farm down 17% and get around $25 million after transaction costs that could keep us alive for another year and a half or so and we would still have 20% which is still substantial if there is a billion barrell find. Had to dumb this down for clarity.