Hyperdynamics Corp (HDYNQ)

[gpg]

rayovac - if your hunch on this is right and the terms were changed at the last minute, then it would appear the company we were negotiating with thought they had Ray over a barrel. If as you say, we walked away because they tried to change terms at the last minute, then they greatly overplayed their hand - if that is how it played out, then good riddance to them. If Ray had been desperate to make a deal, no doubt he could have - I don't think we are desparate right now, and based on my coversation with Jack Lascar at DRG&E (HDY's IR firm), we have many options to raise the funds needed for drilling. After talking with Mr. Lascar, my sense is the real risk here is when drilling begins, not the funding - that will happen, it is just a matter of finding the right deal.