Hyperdynamics Corp (HDYNQ)

[whitenoize]

All it does it make me say hmmmmm...
On the surface it looks like HDYN just gave up on the arbitration. Basically letting the partners off the hook in exchange for a chance to keep the concession alive.
With a month left on the existing contract the only hope of this is to get the requested extension from the government. Then there are still no guarantees the company can do any more with the concession in 1 year than they have in the last 10 years.
So we are left with the question WHY? Is something already informally agreed with the government? Is a handshake agreement in place with those who were lined up to assume Dana's participation (which Tullow shot down)? Is there a yet to be revealed white knight waiting in the wings?
It could just be wildcatting at it's best. Do whatever you can to keep the oil! But, as always, the truth is probably somewhere in the middle. Undoubtedly we won't have to wait as long for events to unfold in this scenario. I 'll be watching...