Hyperdynamics Corp (HDYNQ)

[Money Mike 1]

Until we get a press release that the consortium has resumed petroleum operations, there are (2) things that I'm most concerned about:

1. SEC judgment. It's been (4) months since we have received a declination letter from the DOJ. Why hasn't the SEC followed? Any adverse ruling would hurt our already strained liquidity position, not too worried about Tullow not proceeding to drill.

2. Tullow's stock price. Setting 52 week lows everyday in a weak oil environment and many analysts want them to either make a equity offering or exit east Africa. If they exit why would they proceed to drill for a offshore project that is significantly more costly and risky? They have a contract blah blah blah HDY won't have the money by then to file a lawsuit.

The way I see it is that we are at he mercy of Tullow.

Jmho