Hyperdynamics Corp (HDYNQ)

[RoushSI]

The finalization with Jasper is not to be complete for 30 days as stated in the LOI PR released early yesterday morning.

It would take the rig about 1.5 months to travel from it's current location in Singapore to HDY's concession if it was traveling at top speed non stop. Obviously this is a unreasonable travel rate. I believe 2 to 2.5 months seems reasonable also allowing for the LOI to be finalized 30 days.

So I would estimate the earliest this rig Jasper Explorer, could reach us is maybe middle to late July.

Although this is earlier than oct, 1st. I believe it is right on time for Rays timeline.

Maybe we may be able to drill a half month or so before the oct. 1st estimated drill date