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Hyperdynamics Corporation
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Strong Buy
Gamesmanship-Tullow declares an unsubstantiated FM in 2014 -Tullow goes on email record confirming plans to drill as early as March 2016 -Tullow later points finger at Dana causing a baseless impasse -Tullow blocks the HDYN buyout of Dana share -Tullow publicly acknowledges the legal action taken against them HDYN lawyers need to take the gloves off. IV posters shouldn't have to spell it out. The lawyers need to dig deeper. Ray & co know things that we don't...somewhere in the weeds is evidence of more serious allegations that can be leveraged in deposition/litigation. HDYN has been on the receiving end of countless targeted PRs aimed at leveraging things in Tullow's favor. Ray needs needs to have something more than the JOA min work obligation in his back pocket. We shouldnt need a Harvey Spector to leverage things in our direction at this point. There should be enough history to make a solid case for a sizable settlement. At the end of the day that is all that is needed....something to change the current economics and risk/reward profile of screwing over their partner. Tullow pays their way out of the min work obligation or drills. Unless they are counting on the ROG gov to take action on their behalf further down the road, in which case they will certainly be exposed and reputation tarnished far beyond the cost of Fatalla. http://m.acc.com/legalresources/quickcounsel/cbopoiib.cfm Again, Tullow needs to simply abide by their company charter values and anti-corruption policy. When publicly exposed for doing the opposite, the market will turn on them.....these days going VIRAL is one mouse click away, shorting a stock is as easy as reaching into your pocket. How many investigative journalists are there just waiting for a carefully constructed and teed up story with the dramatic appeal of this story? |
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