HOUSTON, July 10, 2014 /PRNewswire/ -- Hyperdynamics
Corporation (NYSE: HDY) today announced that Tullow Guinea Ltd.
("Tullow"), has appointed Gilbert Yevi as its country manager for
Guinea. Mr. Yevi previously served a leading role in the
success of Tullow's Jubilee Field in Ghana. The members of the Consortium and their
participating interests in the Concession from the Government of
Guinea granting exploration rights
offshore Guinea are Tullow – 40%,
and the operator; Hyperdynamics' subsidiary, SCS Corporation – 37%;
and Dana Petroleum (E&P) Limited – 23%.
The Consortium, through Tullow, is also donating $200,000 to the International Federation of Red
Cross and Red Crescent Societies (IFRC) to support humanitarian
relief efforts in Guinea as it
fights the Ebola virus. Tullow donated $100,000 and Dana Petroleum and Hyperdynamics
subsidiary SCS each donated $50,000.
"Our hearts go out to the people of Guinea as they struggle to contain the spread
of this devastating disease and to the doctors and other medical
workers caring for the sick," said Ray
Leonard, Hyperdynamics President and Chief Executive
Officer.
"The donation – along with Tullow's recent appointment of
Gilbert Yevi – also underscores the Consortium's commitment to
Guinea and the upcoming deepwater
exploration efforts," Leonard added.
About Hyperdynamics
Hyperdynamics is an emerging
independent oil and gas exploration and production 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 and the
Company's website referenced in this news release contain forward
looking statements regarding Hyperdynamics Corporation's future
plans and expected performance that are based on assumptions the
Company believes to be reasonable. Statements that include the
words "believes," "expects," "anticipates," "intends," "projects,"
"estimates," "plans," and similar expressions or future or
conditional verbs such as "will," "should," "would," "may" and
"could" are generally forward-looking in nature and not historical
facts. A number of risks and uncertainties could cause actual
results to differ materially from these statements, including
without limitation, funding and exploration efforts, fluctuations
in oil and gas prices and other risk factors described from time to
time in the Company's reports filed with the SEC. The Company
undertakes no obligation to publicly update these forward looking
statements to reflect events or circumstances that occur after the
issuance of this news release or to reflect any change in the
Company's expectations with respect to these forward looking
statements.
Contacts:
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Dennard ▪
Lascar Associates
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Jack Lascar, Managing
Partner
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(713)
529-6600
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Anne Pearson, Sr.
Vice President
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(210)
408-6321
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SOURCE Hyperdynamics