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Re: andrius post# 20003

Wednesday, 09/13/2017 1:07:25 PM

Wednesday, September 13, 2017 1:07:25 PM

Post# of 21090
I merely included the next line in the 10-Q that keeps getting missed. I left out nothing. In fact if you re-read my post, the first quoted line from the 10-Q clearly discusses the $5.2M cash.

BTW that 5.2M cash was as of March 31st. They needed to raise $20M to drill the well. That 5.2M got used. Gone. Poof. Since then, in addition to the drilling cost, they ended up paying Pacific Drilling $100,000/day for standby time from May 21st to July 17th and an additional $225,000/day. HDYN was responsible for 50% of those costs. Those costs were in addition to the drilling budget.