Hyperdynamics Corp (HDYNQ)

[rayovac812]

On the previous JV deal, if I recall it was declined because HDY thought it would be giving up too much (although terms were not disclosed)

No, it was declined because..um...whoever it was, had a CEO that thought he had HDY over a barrel and tried to change the terms they agreed to when term sheets were exchanged. This has been mentioned elsewhere. So I think your question "are there implications for other leads?" in regards to the residual oil...the answer is there certainly are. That was discussed in the CC. Oil migration is imperative to proving your system. They did that...and prior to this drilling they could only talk of the appearance of a working petro system. It is a very important data point. One that strengthens HDY's negotiating position. That is only one data point. If there was no interest, then we would not have seen interest expressed so rapidly, by potential JV's.