Replies to post #20867 on Hyperdynamics Corp (HDYNQ)

[tdbowieknife]

That's right. And now that SAPETRO has bailed they certainly don't have the financial wherewithal to conduct an appraisal program. I believe in this case, that would include the need to drill at least 2 more deep water wells. Hyperdynamics will have a lot, and much more, difficulty than before raising funds after the results of Fatala. 5 meters isn't shit. They say they likely caught the edge of the channel, but even if it gets thinker it would more than likely just be more of the same poor quality reservoir. And they still have said nothing about any live oil.

There must not have been any.


..

[hillzman]

Yes. Grasping at straws. Time for HDYN execs to start looking for new jobs. Sad but true. Looks like from the XOM dry hole Northward is not going to pan out. No Jubilee offshore ROG.