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mick

02/04/06 12:19 PM

#109709 RE: mick #109705

Hyperdynamics says it makes progress in Guinea talks; executives meet with Head of State (HDY) 3.50 -0.09 : Co announced that company executives for the last two weeks have conducted numerous high-level meetings with government officials in the Republic of Guinea as a result of an official invitation received from Prime Minister Celou Dalein Diallo. "These meetings have taken place in preparation for the restart of our drilling program. The government has communicated in writing their clear desire to continue our partnership through a new agreement. Their desire is that a new agreement be initiated through an open and transparent democratic process. Considering the challenges we have faced in the past, Hyperdynamics agrees with this approach. We would like shareholders to know that although this process is time consuming, it is laying a strong foundation for our long-term relationship."