Replies to post #19570 on Hyperdynamics Corp (HDYNQ)

[thirdcoaster]

You mean SAPetro, not PACD, covering funding shortfall.

They will ultimately do that with success, or HDYN will deal with it in BK court with failure.

Its likely the invoice for the August day rates will be submitted 1st week of September and due for payment 30-60 days later. So about $7M total, with $3.5M paid by each JV partner. Same goes for the July month.

The outcome of the well may be known before millions in payment are even due.

[hillzman]

True. Kinda been expecting a spud announcement from HDYN this week. Flip side to that is just what impact would it have given the factors holding the sp at this level? Agreed that there's little incentive to buy in when faced with the current offering and the prospect (IMO certainty) of an r/s. Just hanging on and hoping for the best!