Hyperdynamics Corp (HDYNQ)

[whitenoize]

Our position on the contract is much improved from what it was just a couple of years ago.

If we can close the deal with Tullow we will have, what I believe, is the right sized partner. With them and KNOC we are big enough that the government (meaning some lower level minister) is not going to be able to push any changes down our throats. On the other hand they are not so large as to intimidate the government which leads to suspicion as well as preemptive and needless posturing. Plus Tullow has been "in the neighborhood" awhile.

When the ceremonies were organized aboard the Jasper and in Conakry they served as more than a photo op. One of the common arguments for change in the contracts is that they were negotiated with persons from a previous government or who did not have the authority to to negotiate. When you have a picture of the smiling ministers shaking hands with execs aboard the drillship it's hard to say you didn't agree with the contract.

Other points on this are well made by others as to our good relations with the current government. I'm certain we will never hear another tale of Our executives being put off in the waiting room while the Chinese are ushered in.

Jus my .02