ERHC Energy Inc (ERHE)

[RUBY1100]

related - Prime Minister of Guinea Has Meetings with Hyperdynamics and Secretary of State Condoleezza Rice
Wednesday June 13, 10:21 am ET
Prime Minister Encourages Company to Invest in Guinea


HOUSTON--(BUSINESS WIRE)--Hyperdynamics Corporation (AMEX:HDY - News) announced today that it attended a meeting last week in Washington, DC with the Prime Minister of the Republic of Guinea, Lansana Kouyate. Company participants included its Chief Executive Officer, Kent Watts; Executive Vice President, Harry Briers; and Vice President of Guinea Affairs, Famourou Kourouma. Additionally, representing the Company's legal counsel for political matters, former Congressman, Robert Christopher "Chris" Bell was also in attendance.
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The meeting was conducted in a formal manner in the Prime Minister's hotel suite and was filmed by a film crew from the national Radio Television Guinea (RTG). The meeting dialogue centered around a clear mission to encourage Hyperdynamics as a US company investing in Guinea, and to attract additional investment from US companies in Guinea. During the week Prime Minister Kouyate also met with US Secretary of State, Dr. Condoleezza Rice, to seek U.S. financial aide for Guinea. Sources close to Hyperdynamics reported that the Secretary of State expressed the United States sincere willingness to help with conditions precedent established for Guinea to first, hold free democratic, transparent, and open elections and secondly, to continue to uphold its contract commitments to US companies as Guinea has historically done in the past.

A televised commentary of the Company's meeting with the Prime Minister was aired on national television in Guinea. At the same time, the National Assembly of Guinea has on its special session agenda the Company's 2006 Production Sharing Contract for a "Project of Law." A "Project of Law" is in effect a super contract status. These same sources anticipate that a vote on this will occur before the special session closes. However, since the sessions can easily be extended, it is difficult to say exactly when the vote will occur.

About Hyperdynamics

Hyperdynamics Corporation provides energy for the future by exploring and producing sources of energy worldwide. The company's internationally active oil and gas subsidiary, SCS Corporation, owns rights to explore and exploit 31,000 square miles offshore the Republic of Guinea, West Africa. HYD Resources Corporation focuses on domestic production in proven areas. To find out more about Hyperdynamics Corporation, visit our Website at http://www.hyperdynamics.com.

Forward-Looking Statements

Statements in this news release are "forward-looking" as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially. Please refer to "Risk Factors" in the company's Form 10-K filed with the SEC.

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