Hyperdynamics Corp (HDYNQ)

[phxdishman]

Tullow Half Yearly Review- Guinea Question

Psoted the following Q&A from todays review on the investor village board:

In addition to the mention in the written summary there was a question regarding Guinea at about 1:29 in the webcast / meeting (during Q&A). Paraphrasing:
"Q- You didn't mention Guinea. Is that still in your plan for potential dilling next year?
Answer (Angus McCoss)- That's right. Guinea is a sort of Jubilee class prospect. We have that prospect lined up as a solid option we are considering. We have some operational things to clear up- ebola being one of them; but the prospect is certainly good to go. It is a solid prospect."

I may be being optimistic, but I certainly take this as very positive in the sense that, even with the current market environment ($50 dollar oil) and associated cost reductions / capex cuts mentioned in the review, and the restrictions Tullow have placed on exploration; Guinea is still viewed so positively. That coupled with the reduction in rig rates mentioned (meaning less total well cost for Fatala and thus lower chances of any overrun to the $100M carry); I take as encouraging.

JMHO