Hyperdynamics Corp (HDYNQ)

[Rule_62]

"Fact of the matter is that the sample showed oil."

No, in fact the PR avoided the use of the word "oil." Instead, they opted for the word "hydrocarbons." Had they identified oil, don't you think they would have definitively stated "oil" in that PR?

The find could be on par with oil sands, only at a depth of 9500 feet of water, would represent zero prospect of commercialization. That's the problem: at this point, we don't know.

We do know that on Sept 5th, the Ocean Intervention III, a ship which provides specialty well services, including plugging wells, arrived on site ...

There are a lot of unanswered questions floating around amidst all the hype.