Hyperdynamics Corp (HDYNQ)

[Rule_62]

(edit) I have a problem with your evaluation. You said

"4) The revised NSAI report will only impact the Share price if it revises the risked reserves on the first or second well prospect to be drilled in October."

Here's the problem. All we know about the the drilling prospects is that they didn't show on the 2D. They were found on the 3D. To this day there has been no announcement or news of any type that states their size, either risked or unrisked. In your price analysis you use a figure of 100 mmbbls. Where does the 100 mmbbls you base your price analysis on come from?

One more point, your analysis does not take into account any negative impact on the share price resulting from the heavy shorting.