Hyperdynamics Corp (HDYNQ)

[whitenoize]

Tullow Trading Statement and Operational Update


http://www.tullowoil.com/Media/docs/default-source/Media/Press-releaes/tullow-oil-plc---trading-statement-and-operational-update---jun-2016.pdf?sfvrsn=4

No news or even mention of Guinea as expected.
There is a line item in the financials for onerous contracts of 0.1B in the 1st half and 0.2B for the fiscal year.

"Expenditure on onerous contracts ($bn) 0.1 0.2"

Might be related to HDY, but no way to know.

Outside that, the market seems to like their workaround for the Jubilee field and they are still planning on bringing TENS online soon. So maybe their financial position will improve...

http://www.bloomberg.com/news/articles/2016-06-30/tullow-oil-cuts-16-output-estimate-amid-work-on-ghana-fpso-fix

Half year results from Tullow due on July 26th.