Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
 |
Coming
Attraction |
 |
It looks like Thursday will be the
day I come out with a new idea. This stock has been heating up since the
end of July. Before then it was barely trading. Since July it's average
daily volume has rocketed to about 120,000 shares per day, with surges
approaching 1 million. The stock is currently just under $1, and hopefully
will stay there until Friday. Technically, it looks like $2 is in the cross
hairs down the road.
This simple but revolutionary new
idea in point-of-purchase advertising is catching the eye of investors.
Check your inbox Thursday evening. Decide if you agree with other investors
who are jumping on board.
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HyperDynamics
(OTC BB: HYPD)- The Ship Has Sailed |
|
Today, just after the market closed,
HyperDynamics
issued a press release informing investors that the "ship has sailed".
The company disclosed that it's 4000 kilometer 2D seismic acquisition on
the company's concession off coast of the Republic of Guinea commenced
at the end of September.
A boat, which probably looks something
like the image provided, is now dragging 6000 meter cables, which allow
seismic readings down to depths of 18,000 feet. This depth is three times
deeper than any readings ever taken, and is dishing up some very promising
early returns.
According to chief geologist Robert
Bearnth: "The deeper horizons are showing significant direct
hydrocarbon indicators. It is becoming more clear that numerous prospects
on this delta are of world class dimensions.” Mr. Bearnth further
explained, “these prospects have never been viewed before because most
of Guinea's existing seismic was shot over 20 years ago using 2000 meter
analog cable. The old technology simply could not see what we are seeing
now.”
The concession, which you see outlined
here, covers about 10,000 square kilometers off the Guinea Coast. I inadvertently
reported the concession was 100 square kilometers in my original report,
because I simply made a calculation error. (100 times 100 is not 100, it's
10,000).
2D seismic readings are expected
to continue for some time. I am informed the company will be disclosing
results as they become available throughout the process of mapping the
geologic formations in the concession.
Once high probability zones are identified,
another round of seismic readings will be required in 3D, which is much
more detailed and far more expensive. The 3D seismic readings will be used
to identify the sites for the first test wells.
As this time the company does not
anticipate drilling the first test wells until the fourth quarter of 2004,
which is six months later than I originally reported. All the required
seismic data will take some time to accumulate and interpret.
The market should be willing to assign
a higher value to the stock as more seismic data confirms the size and
commercial potential of the hydrocarbon reserves.
The potential value of the concession
is far beyond to $38 million current market value of the stock. With luck,
this previously unexplored region could yield billions of dollars in oil
and natural gas, just as similar delta formations world wide have already
produced.
Technically, the stock is parked
at the perfect accumulation level assuming the uptrend continues. The stock
has now given back about 50% of the gains it made during the September
surge, which took it from about $1.50 to a high of $2.14 (new all time
high).
The stock is also parked perfectly
on its support line, which has proven to be an ideal entry point since
this stock got new life back in July. Accumulate for a huge home run if
and when it works out. Complete text of today's press release below.
|
VirTra
Systems (OTC BB: VTSI)- Momentum Takes Stock To New Multi Year High |
|
VirTra Systems traded to a
new multi year high of $.355 today, making it the hottest stock
I'm currently covering. I started with this one at $.10 on July 15th, yielding
255% on your money in just three short months. Annualized, that's
a 1000 percent return.
When this kind of thing happens it
helps remind me why I love penny stocks. It's exciting and fulfilling to
get a big win.
Today, just after the close, VirTra
announced they had completed the filming of 8 new scenarios for their new
judgmental use-of-force virtual reality training simulators. Click
here to read the press release. This should help keep the momentum
going and investors excited about this company.
Here is the complete
text of the HyperDynamics press release for your review:
| Press Release Source:
HyperDynamics Corp.
HyperDynamics' SCS
Commences New 4,000 Kilometer Seismic Acquisition in Guinea, West Africa
Tuesday October 14, 4:05
pm ET
Company Aims to Drill
in 2004
HOUSTON--(BUSINESS WIRE)--Oct.
14, 2003--HyperDynamics Corp. (OTCBB: HYPD - News) announced today that
its energy subsidiary SCS Corp. has commenced the planned 4,000 kilometer
2D seismic acquisition on the company's concession offshore in the Republic
of Guinea, West Africa. The current acquisition program commenced in late
September. The program was designed from earlier seismic work conducted
by SCS in 2002. The 2002 program identified a major delta with sediments
up to 36,000 feet thick forming a "fan" across a 150-mile extended coastal
perimeter. Neil Moore, president of SCS, stated, "The features within the
delta suggest that multiple pay zones exist in several geologic age groups.
These features are analogous to formations that produce oil and gas in
deltas worldwide."
Robert Bearnth, vice
president and chief geophysicist for SCS, explained, "As was the 2002 data,
the current 2003 data is being acquired using state-of-the-art 6,000 meter
digital cables. This allows us to view features at depths in excess of
18,000 feet, which is three times deeper than anything seen in Guinea to
date. The deeper horizons are showing significant direct hydrocarbon indicators.
It is becoming more clear that numerous prospects on this delta are of
world-class dimensions." Bearnth further explained, "These prospects have
never been viewed before because most of Guinea's existing seismic was
shot over 20 years ago using 2,000 meter analog cable. The old technology
simply could not see what we are seeing now."
It is expected that,
at the conclusion of the 2003 program, SCS will identify the most prospective
sites in a major quadrant of the concession. Features will then be pinpointed
for focused 3D seismic coverage. The high-tech modeling procedures will
be compared against proven reserves that have the same attributes. The
company believes that the 3D analysis, processing and intense modeling
will lead to our drilling program, now targeted to commence as early as
the last quarter of 2004.
Kent Watts, chairman
and CEO of HyperDynamics, said, "I could not be more pleased with our exploration
team. The results we have had to date have added value to the Guinea concession
in an exponential manner. The current program will give us another level
of evidence for commercial reserves in Guinea. All of this is continually
building value for our shareholders."
About HyperDynamics
HyperDynamics is a provider
of integrated information technology services. HyperDynamics' wholly owned
subsidiary, SCS Corp., is focused on oil and gas exploration and geophysical
data services for the oil and gas industry, including its integrated SCS
NuData(SM) services as well as developing new regions of Africa for energy
production.
Safe Harbor Statement:
The statements contained herein that are not historical are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the forward-looking
statements, including but not limited to, certain delays beyond the company's
control with respect to market acceptance of new technologies or products,
delays in testing and evaluation of products, and other risks detailed
from time to time in the company's SEC filings.
--------------------------------------------------------------------------------
Contact:
HyperDynamics Corp.
Kent Watts, 713-353-9400
kent@hypd.com
or
Stock Enterprises Inc.
Jim Stock, 702-274-5400 (Investor Relations)
stockenter@aol.com
or
Ashland Capital
Investor Relations, 800-277-9081
ashcap@adelphia.net
--------------------------------------------------------------------------------
Source: HyperDynamics
Corp. |
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