Hyperdynamics Announces Consortium's New Country Manager in Guinea and Donation to Help Fight Guinea's Ebola Outbreak

Jul 10, 2014, 07:30 ET from Hyperdynamics

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.


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SOURCE Hyperdynamics