Hyperdynamics Corp (HDYNQ)

[Super_dave_o66]

OK, I looked at this HDY's 10K and have some questions for the forum.

1) Tullow (Concession Partner/financier) seems to have pulled a force majeure in Q1 2014 and retracted this in early Q2 2014. Did the event truly go away or were they looking for a reason to delay drilling?
2) HDY, despite "winning" their suit earlier this year, HDY will still probably run our of cash unless Tullow drills a hole for them within 1 year and meets the requirements of the concession. What's Tullow's motive to do that? HDY clearly indicates they are at Tullow's mercy to drill the hole.

Dana seems to be a non issue here since they can wait since they have revenues and other projects. The one that can't wait is HDY; that's also why Tullow is a 40% owner which cost them $27 mil. plus a commitment to pay for the drilling (scheduled for Q1 2014). Now they noted in their own release it's scheduled for 1H2015 back in July unless I missed-read their statement.

Am I missing something? Is Tullow killing these guys to get their lease?