Hyperdynamics Corp (HDYNQ)

[MU_Redskin1]

I THINK THE PSA SIGNING DATE HAS BEEN SET!

I may be going out on a limb here, but I've been watching the body language of the Watts for a year or more now.

I think the PSA signing date has been set. The Guinea Ministers seem to have things planned out well. Alumina, Gold, Iron Ore and Diamond deals were signed within the last 6 months. A VAT tax was enacted recently to recoup dollars from mining production.

ALUMINUM
Government of Guinea issues mining concession decree to Global Alumina
Monday January 23, 11:41 am ET
http://208.101.19.14/smbd.asp?mb=67&mn=6980&pt=msg&mid=86591

IRON ORE
Guinea Signs Simandou Iron Ore Mining Concession for Rio Tinto
http://www.riotinto.com/

GOLD
http://investorvillage.com/smbd.asp?mb=67&mn=13680&pt=msg&mid=101501

DIAMONDS
http://investorvillage.com/smbd.asp?mb=67&mn=13722&pt=msg&mid=101575

NEW VAT - VALUE ADDED TAX ON MINING PROCEEDS
http://investorvillage.com/smbd.asp?mb=67&mn=13695&pt=msg&mid=101527

NEXT
New 2006 Oil and Gas PSA signed sealed and delivered, Guineans to benefit from Oil proceeds and philanthropic aid!

We don't give the Guinea Government credit for how many deals they have signed through all the recent political shake-ups and internal disagreements, etc.

I don't think this is a fluke or fire drill. I think Kent signed the three PSA drafts last trip and flopped them on the table and said, "I'm in, when you have decided to sign it, get back to me."

McDonald may have had the State Department authorize Conte's additional requests concluding the remaining issues.

So we have Chris in Guinea, McDonald returning next week and at least Mike Watts heading to Guinea next week. What hoops are left? I don't think that they are going to throw us another headfake. If they do this stock may tank.

I have high hopes that this is the the end of the nightmare and beginning of a dream.

My humble opinion.

Best to all, good luck and good investing.


Statement by Chris Watts 6/29/2006

>>> HDY is in the position to control a multi-billion dollar deal within a short time frame, they own 100 percent of the rights to drill and they have ushered in a relationship between Guinea and the United States. The financing has not been put in place out of necessity but out of commitment to drill, re-read the filings. The 2006 PSA is around the corner and taken into consideration that the stock has a small float and multiple oil companies, large and small, lined up to partner; share availability will be limited. The share price is reflective of the volatility of a high risk- high reward situation in conjunction with the average summertime slope and an impatient market place, we have a stock struggling to keep its head over 2 bucks. These elements will still be able to keep this thing cheap when the new agreement is put into effect. Think I’m dreaming dear editor? Keep watching from the sidelines, as the shareholders of HDY will be apart of something that is going to usher a new era in the history of the oil business. <<<