Hyperdynamics Corp (HDYNQ)

[whitenoize]

Yep, looks like he already had a deal in his pocket when he kicked the loosers to the curb. Shame to see em get off so easy, but reality is the company would have probably never survived long enough to see a dime of settlement money by the time lawyers and courts hashed through it.
So moving forward (because we have to). In released communications from the initial court filings, it was indicated that Ray had a partner in place to assume Dana's responsibility but Tullow rejected them. For arguments sake, lets say that was a commitment for 23pct of the original $115mil drill estimate or $26.45 mil. Now the drill estimate is down to $46mil. Is it a stretch to think that partner might still be interested in 49 pct of the concession for a $46mil commitment? Or perhaps even less cash if HDYN can still fund some of the drilling (they have the long lead items if they haven't evaporated again)