Hyperdynamics Corp (HDYNQ)

[Rule_62]

"we believe we have made a petroleum discovery that implies the presence of commercially exploitable resources as specifically defined in our Production Sharing Contract"

Am implication" is not a discovery.

"Hyperdynamics' current 50% partner, South Atlantic Petroleum Ltd., (SAPETRO) notified the Company that it will not apply for an appraisal period extension with the Company and will withdraw from the Joint Operating Agreement (JOA) and the PSC and will assign its 50% interest to the Company free of cost"

SAPetro thinks it's not worth pursuing.

"Hyperdynamics earlier reported that the well did not yield oil shows above oil-based mud signature during drilling or from an analysis of the cuttings taken from the well."

They didn't find oil.

Hopefully enough chase this that any long term investors can get at least a portion of their money out. Good luck to the flippers/bounce players.