Hyperdynamics Corp (HDYNQ)

[thirdcoaster]

Discovery or Commercial Discovery

I agree commercial results (i.e. > 50meter column or close to the target 300MBO) will ensure success. But at this stage, I think even a "discovery" that proves a working petroleum system will result in 2 more years on the license. No certianty HDYN will be able to raise funds, but Ray will try his best to put a positive spin on that PR similar to what we saw recently to the north with Fan-1 South.

Fan-1 South was targeting 130MBO with 18% chance of success:

http://www.ogj.com/articles/2017/07/cairn-led-group-makes-oil-discovery-offshore-senegal.html

IMO:

A) low case would be < 200 MBO with the words "discovery" and "encouraging", in place of "commercial", in the PR.

B) mid case would be 200-300 MBO with more colorful "encouraging" language in the PR.

C) high case would be > 300 MBO with wet dream language in the PR.

https://www.investorvillage.com/smbd.asp?mb=67&mn=128229&pt=msg&mid=17407891