Search results for: Hyperdynamics

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A list of search results

  • 10 May 2011
    Business & Finance

      Hyperdynamics Corporation  announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics’ concession offshore the Republic of Guinea. The letter of intent has been […]

  • 9 February 2011
    Business & Finance

      Hyperdynamics Corporation  announced today that AGR Petroleum Services, its well management company, issued an Invitation to Tender to drilling companies as part of its exploration program offshore in the Republic of Guinea. The tender covers the drilling of two wells plus an optional third well as agreed in the work program and budget between […]

  • 25 August 2016
    Business & Finance

    Hyperdynamics Corporation, an oil and gas company with operations in Guinea, has signed a memorandum of understanding with the government Guinea over an extension of the 2006 production sharing contract. The news follows last week’s agreement between Hyperdynamics, Tullow Oil and Dana Petroleum, where it was agreed that Tullow and Dana would relinquish their respective stakes […]

  • 15 July 2010
    Business & Finance

    Hyperdynamics Corporation  announced that it has contracted with PGS Geophysical to process the data from the 3D seismic survey to be conducted over its offshore block in the Republic of Guinea. PGS was recently awarded the contract for the acquisition phase of the survey which is expected to commence later this month. The 3,675 square […]

  • 7 April 2011
    Business & Finance

      Hyperdynamics Corporation announced today that AGR Peak Well Management Ltd. (AGR) has signed a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore to contract the drill ship Jasper Explorer for exploration drilling in Hyperdynamics’ concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class […]

  • 12 March 2014
    Business & Finance

    Tullow has declared a Force Majeure on its operations in Guinea after the U.S. authorities opened investigations into the activities of one of its partners in a concession off the African country’s coast. Hyperdynamics, the partner in question,  said that Tullow stated in its notice, dated March 11, that the decisions by the U.S. Department […]

  • 28 December 2011
    Business & Finance, Operations & Maintenance

    Hyperdynamics Corporation today announced it has resumed drilling operations on the Sabu-1 exploration well in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 1,440 meters subsea and is planned to continue to a total depth of 3,600 meters. Hyperdynamics plans to continue to provide progress updates. Hyperdynamics operates […]

  • 16 December 2010
    Business & Finance

      Hyperdynamics Corporation today announced that it signed a non binding Letter of Intent with a large independent oil and gas company and is in a period of exclusive negotiations until January 27, 2011, unless the parties agree otherwise, for a farmout of a portion of its interest in its concession offshore Guinea. About Hyperdynamics […]

  • 7 April 2011
    Business & Finance, Operations & Maintenance

      Hyperdynamics Corporation announced that AGR Peak Well Management Ltd. (AGR) has signed a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore to contract the drill ship Jasper Explorer for exploration drilling in Hyperdynamics’ concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class self-propelled […]

  • 9 August 2010

    Hyperdynamics Corporation celebrated the launching last week from the Port of Conakry – Guinea’s capital – of the seismic vessel Ramform Challenger, which is scheduled to shoot the 3-D seismic program on the Company’s oil and gas exploration concession area. The Republic of Guinea’s Prime Minister, Jean-Marie Dore; Minister of Transportation Gen. Mathurin Bangoura; Vice […]

  • 11 January 2016
    Business & Finance

    Hyperdynamics, an independent oil company with an offshore block in Guinea, Africa, has filed legal actions against its partners under the Joint Operating Agreement governing the oil and gas exploration rights offshore Guinea. The company’s subsidiary, SCS Corporation, has filed parallel actions in the United States District Court for the Southern District of Texas and before […]

  • 4 November 2010
    Business & Finance

    Hyperdynamics Corporation  announces that it has entered into a $30 million definitive private placement agreement to sell 15 million common shares at a price of $2.00 per share to funds managed by affiliates of BlackRock, one of the world’s preeminent investment management firms. The closing of the private placement is subject to the satisfaction of […]

  • 27 May 2015

    The U.S. Department of Justice has concluded its investigation into possible violations by Hyperdynamics of the Foreign Corrupt Practices Act (FCPA) in Guinea. The DoJ did not bring any charges against the oil company. Ray Leonard, President and CEO, commented, “This is an important development for Hyperdynamics. We are extremely pleased to be informed that the […]

  • 31 January 2012
    Business & Finance, Operations & Maintenance

    Hyperdynamics Corporation announced it resumed drilling operations on the Sabu-1 exploration well on January 29th in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 2,304 meters subsea. The well is expected to encounter prospective upper Cretaceous sandstone reservoirs while drilling to a total subsea depth of 3,600 meters. […]

  • 29 November 2010
    Business & Finance

    Hyperdynamics Corporation announced that it signed a contract with AGR Peak Well Management Limited, based in Aberdeen, Scotland, to manage its exploration drilling project offshore the Republic of Guinea. AGR will handle well construction project management services, including logistics, tendering for materials and services, as well as overall management responsibilities for the drilling program. Initial […]

  • 10 August 2011
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Hyperdynamics Corporation has engaged the University of Arizona Department of Geosciences for a two-year study of geology and tectonic history of its exploration block offshore Guinea, including the identification and characterization of igneous rocks and associated sedimentary features from 2-D and 3-D seismic data from the area. “We are excited to have the Department of […]

  • 31 March 2017

    Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) on Friday executed a farm-out agreement for an interest in its Guinea oil exploration program.  Hyperdynamics and SAPETRO, a privately held Nigerian oil and gas exploration and production company, in December inked a letter of intent to negotiate the assignment of a participating interest […]

  • 1 June 2011
    Business & Finance, Equipment

      Hyperdynamics Corporation  today announced that AGR Peak Well Management Ltd. has signed contracts on behalf of the Company for long-lead-time equipment, materials and professional services totaling approximately $12 million. These purchases, which are included under several separate contracts, will cover Hyperdynamics’ needs for the first two exploration wells that are planned offshore Guinea starting […]

  • 8 August 2011
    Business & Finance

    Hyperdynamics Corporation today announced the results of a new resource evaluation conducted by Netherland, Sewell & Associates, Inc. (NSAI) of the Company’s oil and gas concession offshore Republic of Guinea. NSAI, a leading provider of reserve audits and exploration resource assessments, conducted an assessment of the prospective oil resources in the selected prospects focused on […]

  • 30 September 2015
    Business & Finance

    Hyperdynamics, a U.S.-based oil company with operations in Guinea, has reached an agreement with the U.S. Securities and Exchange Commission (SEC), and will pay a penalty for breaching certain sections of the Exchange Act.   Namely, following an investigation, the SEC has found that Hyperdynamics failed to accurately record certain payments made by its subsidiary […]

  • 16 February 2012
    Business & Finance, Operations & Maintenance

    Hyperdynamics Corporation announced that the Hyperdynamics-operated Sabu-1 exploration well reached the planned total depth of 11,844 feet in a water depth of 2,329 feet, approximately 90 miles southwest of Conakry, Guinea. The well encountered oil shows while drilling the targeted Upper Cretaceous section. Petrophysical analysis of electric logs indicates the presence of hydrocarbons in non-commercial […]

  • 23 January 2012
    Business & Finance, Operations & Maintenance

    Hyperdynamics Corporation announced the Sabu-1 exploration well offshore Republic of Guinea was drilled to a total subsea depth of 2,224 meters, putting the well near the top of Cretaceous age sediments, and that the next string of 13-3/8 inch casing was successfully set. Following retesting of the blowout preventer, the well was drilled to a […]