Hyperdynamics Corporation Logo

Print Print page   Email Email page   PDF Download PDF    Add to Briefcase
« Previous Release | Next Release »



Hyperdynamics Corporation Signs a Tri-Party Protocol with the Guinea Government and SAPETRO

HOUSTON, March 13, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) (the "Company") today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), has collectively executed on March 10, 2017 in Conakry a Tri-party Protocol "Protocol" with the Government of the Republic of Guinea and South Atlantic Petroleum ("SAPETRO"). The document has been signed by the Director General of the National Petroleum Office, Diakara Koulibaly, Dale Rollins, Managing Director of SAPETRO, and Ray Leonard, Hyperdynamics' President and Chief Executive Officer.

Mr. Leonard, stated, "I am delighted that all parties involved have agreed to move forward with drilling the Fatala well for the benefit of the Republic of Guinea and all other stakeholders.  I am also thankful for the Government of Guinea's continued confidence in Hyperdynamics, and all parties involved look forward to the opportunity to drill the Fatala well. The commitment by SAPETRO to the Guinea project represents a big step forward in sharing project-related costs and risks with a reputable industry player who recognizes SCS' Guinea concession's economic attractiveness and geologic prospectivity."

Terms of the Protocol are the following:

About Hyperdynamics 
Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.

Forward Looking Statements 
This News Release contains "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "plan," "project," "anticipate," "estimate," "believe," or "think." Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. We assume no duty to update or revise our forward-looking statements based on changes in plans or expectations or otherwise.

Contacts:

Ray Leonard 
President and Chief Executive Officer 
713-353-9445

Jack Lascar
Dennard-Lascar Associates
713-529-6600

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hyperdynamics-corporation-signs-a-tri-party-protocol-with-the-guinea-government-and-sapetro-300422365.html

SOURCE Hyperdynamics

News Provided by Acquire Media

Close window | Back to top