Hyperdynamics Corp (HDYNQ)

[Rule_62]

Considering that Guinea is holding an offshore auction of exploration blocks which opens to bids in October, the incentive might well be for Guinea to put up the HDYN concession for bid at the same time.

Since the rights for the seismic revert to Guinea once the current concession expires, it would potentially increase the value of any bids. Guinea already has considerable 2D and 3D seismic that was carried out by HDYN on the concession area they already surrendered, in addition to the seismic that was shot as part of North West African Atlantic Margin, independent of the HDYN seismic.

The well log data from Sabu and Fatala, along with the data from the earlier well drilled in the 70's would complete the data package Guinea would be able to include for all bidders. If they extend the lease, the log data from Sabu and Fatala would not be available to potential bidders.
https://newsbase.com/topstories/guinea-launches-offshore-bid-round

It would also allow Guinea to auction off regular-sized blocks, as the current remaining concession contains partial chunks of three different blocks.



If I were Guinea, I'd tell Hyperdynamics to queue up to bid in the upcoming round like any other potential suitor.

We'll know soon enough. The concession lease expires in another 23 hours.
https://www.timeanddate.com/worldclock/guinea/conakry