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Hyperdynamics Chief Executive Goes to Africa and Meets with Minister Secretary General of the President of the Republic of Guinea; Minister Had No Knowledge of July Termination Letter
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14 October 2005, 09:42am ET
HOUSTON--(BUSINESS WIRE)--Oct. 14, 2005--Hyperdynamics Corp. (AMEX:HDY) announced today that its Chief Executive Officer, Kent P. Watts, traveled to the Republic of Guinea on Sept. 22, 2005, to meet with the company's new Vice President for Guinea Affairs, Famourou Kourouma, and the Ministre Secretaire General De La Presidence De La Republique De Guinee.
As directed by his Excellency, President Lansana Conte, Kourouma initiated a series of meetings with the Ministre Secretaire General, Fode Bangoura, to directly communicate with the government of Guinea and commence the process necessary for SCS Corp. to begin its drilling programs.
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While in Guinea for approximately two weeks, Watts had two separate meetings with the Ministre Secretaire General. Watts reported that, "The Ministre was extremely understanding and gracious. In both meetings he gave a consistent message of support to continue our work in Guinea. He also was very clear in both meetings to explain that the termination letter reported in July did not come from his office and he had no knowledge of it. With that clarification, he then outlined the process whereby SCS could obtain everything necessary to restart our work."
Watts returned home on Oct. 7, 2005, and Kourouma has continued to work in Guinea to establish and build the company's relationship with the Republic of Guinea.
About Hyperdynamics
Hyperdynamics Corp. provides energy for the future by exploring and exploiting new energy sources worldwide. The company's internationally active oil and gas subsidiary, SCS Corp., owns rights to explore and exploit acreage offshore West Africa. HYD Resources Corp. focuses on domestic production in proven areas.
For more information on Hyperdynamics: www.hypd.com
Safe Harbor Statement: Statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements detailed in the company's filings with the SEC.
CONTACT: Hyperdynamics Corp., Houston
Chris Watts, 713-353-9400
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