Hyperdynamics: Tullow’s Force Majeure Is Unwarranted and Untimely
- Business & Finance
Hyperdynamics Corporation announced today that it has communicated to the Government of Guinea and Tullow its response to Tullow’s assertion without advance notification or discussion of force majeure and suspension of plans to commence drilling of an exploratory well offshore Guinea.
Hyperdynamics believes Tullow’s unilateral actions are unwarranted and untimely, and that a force majeure event has not occurred.
Hyperdynamics plans to have additional communications in an effort to recommence drilling plans. Hyperdynamics cannot predict the timing or outcome of these efforts.
Press Release, March 18, 2014