Page 1 of 1
Hyperdynamics
Posted: Wed Sep 28, 2011 1:59 pm
by malpar314
Hyperdynamics, HDY, is spudding the first well of a 2 well program offshore Guinea in west Africa.
There is an interesting presentation at
http://files.shareholder.com/downloads/ ... y_2011.pdf
Re: Hyperdynamics
Posted: Wed Sep 28, 2011 5:36 pm
by dan_s
IMO HDY is a "Lottery Ticket". It is not for everyone but it definitely has significant upside. Keep in mind that if these two well are dry holes the company may disappear.
Re: Hyperdynamics
Posted: Thu Sep 29, 2011 5:24 am
by malpar314
HDY has a huge concession, and many of the better plays appear to be furthur offshore, in deeper water. Even if the first 2 wells are dry holes, I do not think the stock would be worthless. I believe their partner is the Korean National Oil Company, so HDY is not alone in funding and sharing risk.
Re: Hyperdynamics
Posted: Thu Sep 29, 2011 11:43 am
by dan_s
It does have HUGE upside. Lots of oil sits offshore West Africa.
Our "lottery ticket" in the Sweet 16 is FX Energy. Their Kutno-2 well is testing what may be the largest trap in Europe.
Just keep in mind that these international projects take a long time.