Hyperdynamics Corp (HDYNQ)

[hillzman]

JMHO, but they only need to drill one well at this point in time. And there's a reason the drill ship rates are what they are...big reductions in capex for offshore drilling. I think when they get the contracts signed and spud date firmed up the sp moves up and HDYN can do an offering well above the current sp to pay for the first well. In this case its kinda "win or go home" since Fatala is their very best prospect. Best case scenario the well is successful, oil prices improve, and HDYN can either sell all or part or obtain a reliable partner (unlike Tullow/Dana) to move to production. BTW, in small here but love the story and renewed potential for HDYN to finally succeed!