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Re: gpg post# 3635

Wednesday, 10/13/2010 8:11:30 PM

Wednesday, October 13, 2010 8:11:30 PM

Post# of 21090
I don't believe a responsible fund manager would isolate a company-held asset such as a hydrocarbon concession with nothing more than rights and then pretend to have a way to monetize said asset. Managers have to answer to their fellow team members and this calls for meeting a strict code of ethics.

A company's management will attract more attention than an asset. Our management team is definitely superior in many respects. We believe the concession will enable our management team to prove great value that will find its way to us shareholders. In the meantime, we have excellent leadershiip and an unproven asset consisting of the government-led granting of rights to offshore exploration to the ocean side of an extremely unstable African country.

As a long time shareholder with HDY my largest holding, I very much want to see this one come home to my own version of Ft. Knox. In the meantime, I know better than to hop a ride on the Kool Aid Express.

WT