OT OT HDY News from ERHE investor OT OT
Getting close to payday. Best to all HDY & ERHE-er's
Hyperdynamics Hires Famourou Kourouma as New Vice President for Guinea Affairs; VP Has Been in Guinea since Sept. 5, 2005
HOUSTON--(BUSINESS WIRE)--Oct. 4, 2005--In late August, Hyperdynamics Corp. (AMEX: HDY) hired a new vice president for Guinea affairs, Famourou Kourouma. Kourouma was born and raised in Guinea and is now a United States citizen with his permanent residence in Houston.
Kourouma, 37, is multilingual, speaking both fluent English and French. He is a research scientist by training and has extended family and friends living in Guinea. His father, Laye Kourouma, was the general secretary for Guinea in 1969 and lived in Washington, D.C., as an ambassador when Famourou Kourouma was a small child.
In December 2003, Kourouma first introduced himself to Kent Watts, Hyperdynamics' chairman and CEO. In this initial meeting, he expressed great pleasure and appreciation for what Hyperdynamics was doing to discover hydrocarbons for his mother country. Around the middle of August 2005, Watts contacted Kourouma and asked him to meet and discuss the situation in Guinea. Once contacted by Watts, he has wasted no time in contacting sources in Guinea to help get to the table with the appropriate high-ranking government officials. He traveled to Guinea and arrived there on Sept. 5, 2005. Through Kourouma's direct relationships in the business community and with top government officials, the company has been able to open a dialogue with appropriate officials with the goal of resolving any misunderstandings and help formulate the best resolution that will allow SCS' drilling program to proceed.
When asked to comment, Watts stated, "When we first met in 2003, everything about Mr. Kourouma made me believe that we would meet again so I kept his contact information. When I called him he was ready, confident in our cause and very enthusiastic." Watts went on to say, "Our company's desire is to resolve the situation with the Republic of Guinea amicably and drill. Kourouma's performance to date has been very encouraging in that endeavor and we are extremely fortunate to have him on our team."
Re: speak the language
by: muredskin1 (45/M/Akron, OH)
Long-Term Sentiment: Strong Buy 10/04/05 12:24 pm
Msg: 2373 of 2375
This is a great hire! To be able to hire a staff person with this pedigree is a big plus and an affiramtion that the talks are going well.
"He traveled to Guinea and arrived there on Sept. 5, 2005. Through Kourouma's direct relationships in the business community and with top government officials, the company has been able to open a dialogue with appropriate officials with the goal of resolving any misunderstandings and help formulate the best resolution that will allow SCS' drilling program to proceed."
Why report, in the news, that you have hired somebody who will or might possibly fail???
Doesn't make sense, so I think that the table is being set for a big share price increase.
AS I've mentioned before...
1.) Positive earnings out with possible guidance after the bell Oct. 14.
2.) LaSalle Parish news possibly.
3.) Guinea resolution.
All this by the end of October OR sooner.
IMO
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All I know is what I have read in past news releases to try to put a fair value on the stock price; if the Guinea situation is resolved.
The company has mentioned possibly 2 billion barrels of oil in the ground in some of their past press releases. Prices paid for proven reserves recently stand around $12 per barrel.
2 billion barrels X $12.00 per barrel gets you to $24 billion. Guinea takes half the money per the PSA and tax another 20%.
HDY = $9,600,000,000.00 / 42 million shares =
$ 228.57 per share.
Not including natural gas that will be piped to the mainland to fuel utilities and process bauxite to alumina in Guinea.
I don't know of any other way to look at this?
Even at the $6.00 per barrel proven used several years ago, Guinea takes half and taxes 20%.
Hdy = $4,800,000,000.00 / 42 million shares
= $114.00 per share
This investment, for me, is worth the risk because I feel that the LA oil and gas is worth $2.00 before you throw in Guinea as the wild card.
How the stock will trade on news is anybody's guess; $2, $5, $12?
I do though agree with sweateeback's assessment of price movement given short-term news.
EOM
About Hyperdynamics
Hyperdynamics Corp. provides energy for the future by exploring and exploiting new sources of energy worldwide, providing energy for the future. The company's internationally active oil and gas subsidiary, SCS Corp., owns rights to explore and exploit significant acreage offshore West Africa. HYD Resources Corp. focuses on domestic production in proven areas.
More information on Hyperdynamics Corp. can be obtained at www.hypd.com
Safe Harbor Statement: Statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, detailed in the company's filings with the SEC.
CONTACT: Hyperdynamics, HoustonKent Watts, 713-353-9400
kent@hypd.com
or
Stock Enterprises
Jim Stock, 702-274-5400 (Investor Relations)
stockenter@aol.com
SOURCE: Hyperdynamics Corp.
