GREY:SMBZF - Post by User
Post by
stargazer1on Jul 27, 2011 11:53pm
273 Views
Post# 18881451
Bid/Ask + Hyperdynamics
Bid/Ask + HyperdynamicsOn the Grey Sheet market, SMBZF closed at 0.155, but the Bid/Ask for tomorrow is 0.159/0.174 so it si going to open on an uptick tomorrow and so will V.SMB. We now have legitimacy. And with this statement:
"In an area 100 to 200 kilometres offshore from Blocks 1 & 2 Hyperdynamics Corporation (Houston, TX, NYSE Amex: HDY) recently carried out extensive 2D & 3D seismic surveys and now plans to drill the first of a two well program later this year."
Hyperdynamics would not be drilling those expensive off shore wells unless their work up had not indicated great potential, and as the previous post shows, there is a potential for hundreds of millions of barrels of oil. And they will be drilling those wells THIS YEAR. Soon people will realize that when those wells start producing, it will show that the onshore potential is substantiated and our stock will rise accordingly.