Hyperdynamics Corp (HDYNQ)

[phxdishman]

Given that the cost of Fatala was thought to be significantly greater than $100M, and that it would be on of the deepest wells done by Tullow; and considering the comment in the Update that "returns from drilling complex, deepwater wells are currently less attractive", it is hard to imagine them spudding within the current 2015 plan (and then it would have to be the only offshore exploration project done).
If this is the case, it seems to me that leaves HDY facing finding a new partner (if contractually possible) and/or new financing....not a pretty picture.