Hyperdynamics Corp (HDYNQ)

[tdbowieknife]

Another 8-K today...

Item 1.01 Entry into a Material Definitive Agreement.

On January 24, 2017, Hyperdynamics Corporation (the “ Company ”), through its wholly-owned subsidiary, SCS Corporation Ltd. (“ SCS ”), received a notification letter (the “ Notification Letter ”) from Mr. Diakaria Koulibaly, General Director of the National Petroleum Office of the Republic of Guinea, informing the Company that the Republic of Guinea granted a postponement until February 20, 2017 of the requirement for a security instrument under Article 4.7(c) of the Second Amendment (the “ Second Amendment ”) to the Hydrocarbon Production Sharing Contract, dated as of September 22, 2006, between SCS and the Republic of Guinea, as first amended on March 25, 2010 (the “ Production Sharing Contract ”). The Notification Letter also clarified the timing of the security instrument under Article 4.2 of the Second Amendment to not be required until the work on the Fatala well is completed.

The Second Amendment was subject to the authorization of the Presidential Decree from the Republic of Guinea, which was granted on September 21, 2016 and filed on September 22, 2016 as Exhibit 10.3 to the Company’s Current Report on Form 8-K with the Securities and Exchange Commission.

http://investors.hyperdynamics.com/secfiling.cfm?filingID=1104659-17-4790


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