Hyperdynamics Corp (HDYNQ)

[whitenoize]

The revision of the Petroleum code may not be getting the fast track. Looks like it's been under revision for a few years. (understandably there have been other things going on) Hopefully progress is now being made.

From the US State Dept. June 2012 Investment Climate Statement - Guinea:
The Petroleum Code of September 23, 1986 is currently under revision by a commission consisting of members from the Ministries of Commerce, Mines, Environment, the Office of the President, and other government cabinets. There is currently only one oil company operating in Guinea: U.S.-owned Hyperdynamics.
(my emphasis)
ref: http://www.state.gov/e/eb/rls/othr/ics/2012/191159.htm" rel="nofollow" target="_blank" >http://www.state.gov/e/eb/rls/othr/ics/2012/191159.htm[tag]2012 Investment Climate Statement - Guinea
[/tag]

From the USGS 2010 Minerals Yearbook
The Petroleum Code of September 23, 1986 (Code Petrolier du 23 Septembre 1986), continued to be under revision in 2010 by a commission consisting of members from the Ministry of Commerce, the Ministry of Environment, the Office of the President, and other Government cabinets.
ref: 2010 Minerals Yearbook