We are an independent oil and gas exploration company and have been the Operator of a concession to explore 5,000 square kilometers of acreage in offshore Republic of Guinea ("Guinea") in Northwest Africa pursuant to rights granted to us by Guinea (the "Concession") under a Hydrocarbon Production Sharing Contract, as amended ("PSC"). The PSC granted to us the right to explore for hydrocarbons on the Concession and, if commercial discoveries are made, submit for the approval of the authorities of Guinea a development plan aimed at producing discovered hydrocarbons over a period of 25 years. We applied for and received a one-year extension to the Exploration Period of the PSC beginning on September 22, 2016. The one-year extension to the Exploration Period expired on September 21, 2017, and our 50% partner, South Atlantic Petroleum Ltd. (“SAPETRO”) elected not to apply for an appraisal period and officially withdrew from the Joint Operating Agreement and the PSC. However, on the basis of a five-meter calculated hydrocarbon pay zone encountered in the Fatala-1 well, we applied for a two-year appraisal period on a 100% basis on September 19, 2017 and we are awaiting the decision of the Government of Guinea on our appraisal application. There can be no assurance that such application will be approved, or if it is, that it will be on terms acceptable to us.
Company profile
Ticker
HDYNQ
Exchange
CEO
Raymond C. Leonard
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Ram-z Enterprises Inc
SEC CIK
Corporate docs
IRS number
870400335
Latest filings (excl ownership)
SEC STAFF ACTION
SEC staff action: Order
15 Nov 18
8-K
Termination of a Material Definitive Agreement
15 Dec 17
SC 14F1
Statement regarding change in majority of directors
28 Nov 17
8-K
Changes in Registrant's Certifying Accountant
20 Nov 17
10-K
2017 FY
Annual report
15 Nov 17
NT 10-Q
Notice of late quarterly filing
15 Nov 17
8-K
Entry into a Material Definitive Agreement
7 Nov 17
8-K
Entry into a Material Definitive Agreement
13 Oct 17
NT 10-K
Notice of late annual filing
28 Sep 17
8-K
Regulation FD Disclosure
21 Sep 17
Latest ownership filings
Institutional ownership, Q1 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 34.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AlphaMark Advisors | 21.00 | $0.00 |
Sonora Investment Management | 13.00 | $0.00 |