Hyperdynamics Corp (HDYNQ)

[whitenoize]

Fatala (Eos) and Paon-2
Now that Tullow has confirmed that drilling operations did commence on Oct 24th, shortly after the West Leo arrived on site, I think it is noteworthy that they: drilled an exploration well in Q1 of 2013; made a discovery; analyzed the data; began drilling an appraisal well in Q4 of the same year.
I would love to see this scenario repeated in Guinea and I'm impressed with the efficiency of the operations. If they were fortunate enough to make a discovery at Fatala, we could see proven reserves by the end of next year in theory. (I have no knowledge of West Leo's future schedule)
Regarding the selection of Fatala over Sylli for the inintial well. This does not mean Sylli is not a good resevoir, or is lacking in some quality. It could very well be that the resevoir formation on Fatala might be a more conducive to recovery. E.G. They may feel that Fatalla could be exploited with fewer wells resulting in faster recoveries or lower costs. That may just be optimistic thinking