HYPERDYNAMICS CORPORATION (OTCMKTS:HDYN) Files An 8-K Other Events

ME Staff 8-k
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HYPERDYNAMICS CORPORATION (OTCMKTS:HDYN) Files An 8-K Other Events
Item 8.01. Other Events.

On July12, 2017, Hyperdynamics Corporation, a Delaware corporation (the “Company”), received a letter (the “Extension Letter”) from the Republic of Guinea confirming that a two-year appraisal period will be granted to the consortium of SCS Corporation Ltd. (“SCS”), the Company’s wholly owned subsidiary, and South Atlantic Petroleum (“SAPETRO”) in the event of an oil discovery in the Fatala-1 well. The letter was signed by the Director of ONAP (the Guinean equivalent of the Ministry of Oil) in response to SCS’s request. A translated copy of the Extension Letter is attached hereto as Exhibit99.1.

On July17, 2017, the Company issued a press release announcing the granting of the Extension. A copy of the press release is attached hereto as Exhibit99.2.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

The following exhibits are filed with this Report:

Exhibit Number

Description

99.1

Letter, dated July12, 2017, from the Director General of ONAP of the Republic of Guinea granting an extension to the Company’s appraisal rights in the Fatala-1 well.

99.2

Press Release, dated July18, 2017, announcing the Company’s receipt of an extension to the Company’s appraisal rights in the Fatala-1 well.


HYPERDYNAMICS CORP Exhibit
EX-99.1 2 a17-17253_2ex99d1.htm EX-99.1 Exhibit 99.1   REPUBLIC OF GUINEA   PRESIDENCY OF THE REPUBLIC   National Office of Petroleum (ONAP)   Conakry,…
To view the full exhibit click here

About HYPERDYNAMICS CORPORATION (OTCMKTS:HDYN)

Hyperdynamics Corporation is an independent oil and gas exploration company with prospects in offshore Republic of Guinea (Guinea) in Northwest Africa pursuant to rights granted to the Company by Guinea (the Concession) under a Hydrocarbon Production Sharing Contract (PSC). The Company’s primary focus is the advancement of exploration work in Guinea. The Company, through its subsidiary, SCS Corporation Ltd, conducts international oil and gas exploration activities in Guinea. The Company is conducting its work in Guinea under the PSC. The Company is having certain contractual rights to explore and exploit offshore oil and gas reserves, if any, off the coast of Guinea (the Contract Area). Its prospects are in an underexplored basin with Turbidite fans and four-way closures. As of June 30, 2016, the Contract Area in the Concession was 18,750 square kilometers. The Company has not generated any revenues.