Hyperdynamics Corp (HDYNQ)

[MU_Redskin1]

Additionally Ray has proven that he can bring a drilling project in on time and on budget. If Ray and our new owners present a drilling plan to the Guinea Government with a credible budget and timeline we are Guinea's best chance to discover oil or gas in a timely fashion. We have the staff and infrastructure in place to move quickly.

Remember we did hit a small zone of pay and the well log data should show some opportunity to find one of the large targets should they exist.

If we retain our rights and have the means to drill another well in the not too distant future the stock price should recover nicely. After all, if our new owners bought 40 million shares at $.15 cents they should have a huge incentive to get the stock price as high as possible. Plus the added opportunity to find oil or gas would be the icing on the cake.

I believe that Ray and the new owners may be taking this direction, imo. I must admit my deep disappointment has turned to cautious optimism.

Red