Hyperdynamics Corp (HDYNQ)

[Money Mike 1]

Most important part from the 10-Q today: Our ability to secure any of the relief sought is uncertain and even if relief is secured, it may be awarded too late to allow us to commence drilling operations in the time remaining before the Concession ends.

If petroleum operations resume and Dana refuses to pay its share of the well costs, they would be in default of the JOA and we would be responsible for our proportionate share of their interest. We are unable to predict whether we would be able to secure the necessary financing to cover any such additional proportionate share of Dana’s interest.