Hyperdynamics Corp (HDYNQ)

[tdbowieknife]

Lord... HDYN was trading in the dollars when there was the possibility that the Fatala well that was being drilled had oil in it. It was HDYN's last chance swing for the fence.

We now know there is NO oil in that well and is also an indication that any oil, if there is any on the concession, will be very difficult and costly to find. HDYN is out of time and money, not to mention the fact the very few want to invest money to drill deep exploration wells at this time with low oil prices.

Any bounce in the PPS would be artificially generated by the misleading rumors floating around and not in any way sustainable. The traders in this "bounce" would simply bring it right back down and at the expense of other investors.


There are no real options for HDYN at this point.

Ray did a hell of a job overcoming the many circumstances and obstacles to get the Fatala well drilled before the concession expired in 8 days. Would have been one heck of a fantastic find, a new oil province is what it looked like, if only there would have been oil.


.


Buyer Beware





..