Wednesday, August 12, 2009

ERHC Rival Hyperdynamics Soars

After some key hires and a live teleconference, ERHC Energy's friendly rival in the West African waters has soared more than $0.50 in three days.

The stock had been trading as low as $0.53 just 10 days ago, and hit $1.10 a few minutes ago, up from $0.93 at the open. It had closed on Monday at $0.73, and at $0.62 last Wedneday.

Along with ERHE FEEC, it is one of the three smaller oil securities we have watched and traded over the past 6 years with intermittent success.

The ciompany on Aug. 11 announced significant new personnel additions, including geology and marketing experts from BP and Amoco, respectively.

A recording of the HYD teleconference and several newer press releases are available on the Hyperdynamics Website.

FEEC has also moved over the past two months, from a low of about $0.22 to around $0.36 today - a good 50% move for the mathematically challenged.

None, however, can compare to ERHE's spectacular 600%+ gain since January, when it was selling at $0.11 and this analyst strongly recommended a buy.

Here is the Aug.10 release on new hires:

Hyperdynamics Expands Its Technical Staff With the Addition of Former BP Chief Geologist David Roberts and Exploration Manager Edward Shaw

Press Release
Source: Hyperdynamics Corporation

On Monday August 10, 2009, 10:52 am EDT

HOUSTON, Aug. 10, 2009 (GLOBE NEWSWIRE) -- Hyperdynamics Corporation (the "Company") (NYSE AMEX:HDY) announced today that it continued to expand and strengthen its geological and geophysical (G&G) technical staff with the addition of Dr. David Roberts as Senior Geological Advisor and Mr. Edward Shaw as Exploration Manager.

Related Quotes
Symbol Price Change
HDY 1.30 0.00

{"s" : "hdy","k" : "c10,l10,p20,t10","o" : "","j" : ""} Dr. David Roberts is a recognized world leader in continental margin research and deepwater frontier areas. As a senior explorationist with BP from 1981 to 2003, Roberts held numerous high profile positions including, Distinguished Exploration Advisor, Global Exploration Advisor, and Chief Geologist. Prior to joining BP, Dr. Roberts was with the Institute of Oceanographic Science (IOS) in Wormley, UK. Dr. Roberts is the founder and publisher of Marine and Petroleum Geology and an instructor for many influential national and international geo-science committees such as the NERC and AAPG. Roberts is a nonexecutive director of Premier Oil, Getech Plc and Medserv Plc.

Mr. Edward Shaw is a geophysicist with over 25 years experience in over 15 countries including the US, Egypt, Iran, Oman, China, Dubai, Australia and Trinidad and Tobago. Shaw started his career with Amoco and was instrumental in the discovery and development of numerous on and off shore fields. Mr. Shaw has demonstrated exceptional knowledge in the interpretation and mapping of prospects in offshore frontier areas.

CEO of Hyperdynamics, Ray Leonard said, "After reviewing the geology and geophysics of offshore Guinea, David and Ed agreed to join our team, another indication of the prospectivity. Working with and under the direction of Exploration VP James Spear they will be documenting the petroleum system and prospects in the area.

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