Hyperdynamics Corp (HDYNQ)

[Money Mike 1]

Not quite sure where the 22 month number is coming from. HDY burned $5 million last quarter if you look at the difference in cash from this quarter and last quarter and subtract the current liabilities they have accrued but not payed off. This is only a slight improvement from the previous burn rate of 6,7, and even $8 million a quarter. At the current burn rate they have 12-14 months left. Raising cash in the equity markets isn't an option right now with the depressed share price so farming out is a must. It will be difficult during this current oil environment.