Longwei Petroleum (fka LPIH)

[gpg]

not making any moeny and will not for quite some time. oil exploration company - currently holds the rights to the largest oil concession off the coast of west africa (guinea). retains 77% of the concession with Dana Petroleum (currently being bought out by KNOOC) in for 23%. expected to sign another JV in the coming weeks/months which is expected (per the most recent CEO's CC) to bring in enough up front cash to cover HDY's portion of drilling a 2 to 3 well drill plan in October of next year. future value will be determined based on proven reserves after drilling long before any oil is out of the ground. prelimenary conservative estimates released by Dana Petroleum on only a part of the concession - over 2.3B barrels - the largest deepwater plays not included. currently conducting a massive 3D seismic survey. stellar current management team and board. if you have the time, give the CEO, Ray Leonard's most recent CC (dated 9/15) a listen - I think it will be well worth your time. Here's a link:
http://investors.hyperdynamics.com/events.cfm