Hyperdynamics Corp (HDYNQ)

[tape660]

The results should be announced very shortly based on this statement made by Ray. I also remember Ray saying something like if we have a dry hole, then there is no reason to log the well.

The second question is in regard to the well results. Now, we will be releasing the well results in a manner that is consistent with industry norms of offshore West Africa, and material information will be disclosed on a timely basis. Really what that means is we are going to drill the well, we are going to log it, we're going to collect samples, and then we give a summary of the important information results. We are not going to be giving daily results because as I have found from more than 30 years in this business, very often you may receive daily results and they need to be analyzed. You can jump to improper conclusions very quickly. The sensible and correct thing to do is to get the results to the well and then put out the conclusions which you believe are the correct conclusions. Once we have those conclusions, we are not going to hold them. We are going to release them immediately. But you really can look for the results as soon as the well is drilled.
http://files.shareholder.com/downloads/HDY/1559305790x6546254x498770/06eeb0b0-34c7-4011-8f6d-f1b8c39b6a6e/HDY%20Update%20Transcript%202011-09-07%20final.pdf