Hyperdynamics Corp (HDYNQ)

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Guinean government is about to consider a memorandum of understanding

credit: Leparello http://www.investorvillage.com/groups.asp?mb=10989&pt=m&category=A

Tuesday, March 16, 2010 21:42

The Guinean government is about to consider a memorandum of understanding relating to the amendment of the contract sharing of oil which it signed in 2006 with Hyperdynamics, reports a note of the Texan company.
According to Ray Leonard, CEO of Hyperdynamics cited by our source, "the Guinean government through the Ministry of Mines and Geology wrote a letter requesting an extension of the date of examination of the record to enable it to complete the analysis the proposed amendment.
The study of this amendment will be made shortly by the Council of Ministers.
For its part, the CEO of the American oil company appreciates the approval process of mining contracts in transparency in Guinea.
"We look forward to continue working with the Guinean government in search of oil and gas," said Leonard.


Link: http://www.minesdeguinee.com/actualite/200-petrole-la-guinee-examine-un-memorandum-dentente-signe-avec-hyperdynamics