Replies to post #14009 on Hyperdynamics Corp (HDYNQ)

[hillzman]

I don't see any need for a r/s based on current cash/expenses until at least after the first well with Tullow (assuming the deal is finalized) except the potential listing problems. There's also the litigation with AGR over the JE fiasco, which could as a minimum free up the $19 million+ in restricted cash. With better prospects ahead a r/s probably wouldn't be that severe, but they generally aren't real great for existing shareholders. Picked up some today under .60 so have average down to .75 and hoping finalization of Tullow deal, new year, etc will pop this back over $1...gamble but might just be a reasonable one.

[brchad]

Yes they have money but they seem to be burning through it like a company with revenue. They still need to cut staffing expenses.

Couldn't agree more. I've heard suggestions that staff is required for 3D work, etc. and agree.... but FULL STAFF ... not so much!