Hyperdynamics Corp (HDYNQ)

[whitenoize]

While I've seen a lot of guesstimates based on a given number of shares outstanding, value of oil in the ground, and percentage retained. Most of them use the amount of oil to be discovered with the 1st well and come up with something in the mid $4 range.
I see a discovery as making the full NSAI estimates much more probable and I feel the market would give some allowance for that. I further believe that another prospect could be tested in the 2yr period following discovery and that prospect would be given a higher chance of success.
I also feel that oil in the ground carries a higher value in this field and at this time than the $2 number being used.
If nothing else, these things would have to be considered in a buyout. So I don't have a problem hoping for something north of $12 and even north of $22 if exuberance takes over.
Unfortunately there is still a lot of unknown on financing, retained percentage, and specific drilling plans in event of a discovery.
Just my .02