Hyperdynamics Corp (HDYNQ)

[gpg]

The more I think about the "transformational deal" Ray mentioned, the more I think it will be some type of swap for a portion of our concession. If the deal is too good to pass up, then why wasn't it locked up by a larger oil company with plenty of money to spend who could do the deal sooner than later. There are an endless number of medium to large size O&G companies looking for proven reserves and willing to pay (especially with oil prices continuing to head north). My thought is this is a deal with a company that wants to expand or increase its interests in West Africa and take on a little more risk. I just don't see the point of a company with a prodcuing asset to offer waiting on HDY - our cash is not worth waiting on but a percentage of the Guinea concession might be. A stand alone deal - maybe, but I'm thinking not ---- I guess time will tell, and I don't mind being wrong - trusting RL to do what is best for the company, his own self-interest, and the interest of shareholders.