Hyperdynamics Corp (HDYNQ)

[Chesterfield]

Report is what I expected ..... cash burning while we have no drilling time frame.

Tullow is the wild card, do they want to drill or not, that is the question.

My guess as to how this will play out is that Tullow will commit to a drill date before the end of 2014, I believe we will have to off load another 12% or so of the concession to finance our share of the drilling program for 2015 and to pay our ongoing ridiculous legal fees, keeping 25% ... This should result in a decent pop in share price.

I think if the DOJ and SEC investigations get resolved we also get a nice pop and probably become a take out target.

Worst case scenario is if Tullow don't commit to a drill date and the investigations drag on indefinitely draining us of cash and we fizzle away to nothing, probably get some crappy debt financing, then we eventually go bankrupt and you all become old and bitter and spend your days posting dribble on the yahoo message board :)

I bought today .... I think we get a drill date from Tullow. I do have some confidence in our top notch BOD, they must be doing something behind the scenes ... right? ... it's not their first rodeo .... doh!