Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have been here for 10 years, and now own more stock then ever. It is the final streach now. Yesterday before the news and SHM there were still doubts this might not go throuh, only collapsing insted. Now its 95% certain it gets drilled. Imo this is a huge positive for all waiting on the sidelines. Now lets just see the financing delution(25% of concession remaining to exsistinh SH is fine with me). Risk reward is good! And people will start buying in!
We should have an interesting next thee to four months. If we hit oil, see ya all at the next SHM!
Gods speed Scirroccio and the team!
Seems like smooth(er) ride to the drilling from here on. If some word gets spread arround during the next month or so, people will be willing to take the odds with this risk/reward!
Looking forward to sailing north, the sailing of PPS and Scirroccio that is.
The way I see it is that today over 500.000 usd entered in to the company, bettiing that Ray will make it and by similar ammount the long term investors were squeezed out. In 14 days the deal is made and PPS is north of 4 USD. Lets see!
I like the fact that EVERYTHING is set, except the money and there is plenty of it that will take the oppertunity
Ray said that Sapatero deal was on hold because they were looking for another co. to fill in the financing gap. For whatever reason this did not happen. Maybe it still can...he wasnt clear on this.
It can just as well be that the third party that is close to end the negotianios now wants 50% share for 100% financing. Ray was probably describing "50/50" deal meaning as in the interest share, and not financing share. So this 50/50 doesnt necesarrly mean HDYN would have to participte the 50% financing. It could be anytning between 0 and 50% for HDYN to finance.
Ray putting his dollar where his mouth is good enough for me. I am holding thight and waiting for the partner to sign.
Technicals look better and better!
The pps is at the same level as before sapatero. I think we get all the answers in 14 days.
just listened to PACD CC that was taken on Friday
replay is available here: link
They give a bit info. I like the fact they dont use wording like "is supposed to start", they use "which starts" start EARLY April (minute 20:20). Expected to last 60 to 240 day, depending on option wells.
What will we wote on?
any idea?
What a farse!
Thez waited for the last minute to shit their pants...shareholder would have skined them alive!
No way we can issue 60 million shares above 1USD.
This will sink like Titanic... Too bad I own it! :(
I posted a few days ago on IV board about the same observation. It could be connected to the PP being priced at about 1,20 or just below that. It could be that the underwriter started to sell some of the obtained shares on the market to hedge the deal - however somehow I think Ray is still pursuing JV partners and this explanation is IMO relatively unlikely at this time.
The wall at 1,20 could also be just some of the old-time holders are getting out after 300% increase from the lows. In addition it could be some profit taking by investors who bought at around 0,50 are starting to cash in some of the chips - which it makes sense (hold some free shares, after selling some with a nice profit).
Regarding the proxy allowing for the issuing new shares to up to 87 million, I believe that at this point it is just a percussion taken by Ray in order to make sure he has a plan B (going at it alone at 100% ownership) if no partner is willing to step in at a reasonable valuation.
FYI - I was contemplating to cash in some of the chips at about 1,20 too, however I am still holding all of my shares - for now.
I saw this too...
I hope Tullow got it too...or is about to get one!
Dont want to rain on your parade, but how many shares do you think Kim will sell today?
My bet is ... as much as he can!!!
The volume is low because big money does not have any trust in Kim's promises and thinks that he will not deliver! Looking at the history, they are probably right...poor delivery so far... while the years go by and competition advances...
Staying on the sidelines...
Reverse split coming soon???
I guess it would make sense, because than Kim can issue more shares and dilute it back to almost a billion shares again...
unlimited amount of shares Kim can sell is really limiting this stock from any gains.
one thing is certain with this stock...
Kim is relentlessly selling in to each PR!!!
nice open, but I wonder what happens when Kim puts in the sell order...
I wonder how many shares Kim will sell today...
U.S. stocks pare losses as energy shares spike on reports OPEC ready to cooperate on production cuts
IMO if Tullow is forced to commence with their contractual obligations, they will approach HDYN and offer us the settlement. DANA of course will also have to pay up.
In this case where Arbitor ruls in our favor, I think the settlement offered to HDYN in total by both parties could be to up to 50 mill USD. Adding that to 15 mill in the coffers that can mean up to 3USD pps.
If this goes to court i think the settlement will be lower, probably 20 mill in total from both companies + legal charges for them.
In any case I dont think Tullow is willing to drag this one for years. Lets see what develops.
Tullow writting off Guinean assets today might not be the smartest think they ever did. How can they now argue that they intend to follow up on their contractual obligations?! Additionally if they wanted to drag this legal battle for a long time, I am sure they would have not written off the value at this point! Thoughts?
Just a comment to your post: New Guinea you mention is not the right Guinea!
true, but probably 1 million shares is in stronger hands now... we shall see...
Slide 8 : Focused exploration
Implement a focused exploration programme
Exploring new basins with appropriate equities
Fatala is NON of this!
Off-limits Exploration
Ultra-deepwater
Deepwater gas
Shale oil
Arctic
Over-heated bid rounds
Above ground too difficult
Complex wells
Poor rocks
Significant over-pressures
Over-explored
Dispersed resources
Hyperdynamics Announces Settlement with the SEC
HOUSTON, Sept. 29, 2015 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) announced today its consent to the entry of an administrative cease-and-desist order by the U.S. Securities and Exchange Commission ("SEC") concerning the books and records and internal control provisions of the U.S. Securities Exchange Act of 1934 (order attached). As previously disclosed, the SEC had issued a subpoena to Hyperdynamics concerning possible violations of the Foreign Corrupt Practices Act (FCPA). This settlement fully resolves the SEC's investigation. As previously disclosed in May 2015, the DOJ closed its investigation into possible FCPA violations by Hyperdynamics without bringing any charges against the Company.
The allegations in the Order relate to certain issues concerning the company's books and records and internal controls in 2007-2008. Hyperdynamics consented to the SEC Order without admitting or denying the SEC's findings and agreed to pay a $75,000 penalty to the SEC.
In reaching this resolution, the Commission considered remedial acts undertaken by the company and cooperation afforded the Commission staff. The SEC Order recognizes that, beginning in July 2009, Hyperdynamics replaced its senior management team and its entire Board of Directors, revised its policies, implemented training programs, increased its legal and accounting personnel, and instituted a series of procedures to more strictly control transfers of funds.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.
Thank you bigmike,
this is an EXCELLENT news and a first proof that Guinea drilling is now ON!!!!
THANKS!!!
Who is he?
Craig Vierra, Ph.D., University of the Pacific
Connected to KBLB?
IT'S ONLY OPTIONS GRANT!
I just wanna hang those guys by the balls.
They have just "issued" another 350.000 shares of HDYN. And thus devalued our shares...
FOR WHAT! Doing nothing and presentation the last presentation on 1990ies looking slides... DISGRACE!!!
At this point I don't care about the profits at all...I just want my money back after being locked in to this sinkhole for 4 years. At 2,50 I will get it all back and I will sell them to whoever offers me that amount...
"And if by chance you get to talk to him in the hallways maybe check on his attitude to selling the entire company."
I second that! If we get more than $50 mill, its SOLD!
10$?
there is no way I can see a region valuation of HDY at $200million.
$100-$120 million should be achievable though - with some nice development from Tullow...
I think we have not yet gotten the positive price change after DOJ announcement that would adequate correspond the importance of the news... I think we should get to 2$ on current fundamentals.
regards,Marko
Welcome sir.
seeking alpha article
Its IMPOSSBIBLE to buy any. My bid is constantly above ask, but I cannot get any shares...
OTC...you gotta love it!
Oh well...
IMO should management show at least a tiny bit of proactivnes towards investors and concession, give some updates on the lawsuits, this will pop quite a bit.
I think that the price of oil will stabilize at 50-70 range and we could have a nice summer PPS wise, as long as the management shows some life! For now it still looks like they all got Ebola and are in the intensive care (at best).
Fingers crossed!
I also added a few at 0,22!
Apperantly everyone thinks we are at that stage...
Ebola in Guinea drastic decline in the number of new cases (Official)
http://guineenews.org/ebola-en-guinee-baisse-drastique-du-nombre-de-nouveaux-cas-officiel/
The latest report from the World Health Organization on the Ebola outbreak in Guinea shows a sharp decline in the number of new cases. Eleven (11) new cases with 20 deaths according to a report dated October 28.
While the weekly release of the Ministry of Health reported 161 new cases recorded between 17 and 24 October, thus explaining the difficulties to break the chain of infection.
The epidemic was declared in late March. According to WHO, the cumulative number of cases (confirmed, probable and suspect) stood at 1661 with 1014 (61.0%) deaths. The number of confirmed cases is 1395 including 810 deaths while 204 probable cases all died. As for the suspects, they number 62.
The new 11 have been recorded in Conakry (2) Macenta (3) Kérouané (2) N'Zérékoré (2) and Coyah (1) and Siguiri (1).
Not sure if we doomed or not... it does look like we are...but the market perception is not always right...
PS: I got more today at 1,6399
we just need DOJ to resolve.
PPS: Check the news in oil find in neigburing Senegal... i thik its a MAYOR news...but noone is following HDY anymore...
GOOD LUCK with your decision!
State what?
But for spending of $14 mill against the carry, it must have been that the PREP work has started. If I remember correctly, we cover our share of expenses for geology and other work seperatly through the payments to consortion, and $100 mill carry is only for work commited only DIRECLY to drilling the 1st well.
Is the port getting ready? Are supplies being ordered? Is the equiptment on route?
I bet when Tullow gets a nod from Guinea goverment...things will progress fast...
Ebola... does not help... but I dont think that it matters much for drilling the 1st well. And might even make Guinean govermant move faster towards getting the drilling done ASAP.
Are we done with this pullback YET???
REVERSE SPLIT - When will it happen...???
I plan on buying on the news... 0,045ih seems like a nice spot to make the first purchase...
IMO