Could you elaborate on why you are confident that CLNG is there "to find oil"?
It is not at all clear to me- from what I can see in the on line CLNG material they are a strictly LNG related company (and private) with no previous background in the oil business (all activities related to LNG supply or conversions).
(from company mission statement- "In the future, LNG trade will be the focus of the company. In addition to supply its own customers with LNG at retail, the company also sells LNG at whole sale in the three provinces in Northeast China and the east of Inner Mongolia...")
Could envision at least 3 possibilities for their interest:
1. A straight RTO for taking CLNG onto the US public market
2. An attempt to diversify into the oil business (but why start with an extreme wildcat exploration like HDYN?)
3. Some re-purposing of HDYN- perhaps as a natural gas oriented E&P company. This would vertically expand CLNG's operations into LNG E&P
4. Some combination of 1 and 2 or 3
If it is 1 or 4 you would also expect that there would be a reverse merger with CLNG shares traded for additional HDYN shares at a very dilutive rate, after the 40M share deal closes and CLNG controls the BOD...
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