Hyperdynamics Corp (HDYNQ)

[whitenoize]

Prior to the Force Majeure declaration Tullow was contractually obligated to make "best efforts" to spud a well by April 2014. For arguments sake lets call that April 31st. The Force Majeure was lifted after 54 days during which time the contract was suspended. My fuzzy math says they are contractually obligated to make "best efforts" to spud a well before June 27th now.
It's possible that the lifting of the FM was "negotiated". Since nothing was announced publicly, I have no choice but to presume the obligation still exists.