Hyperdynamics Corp. (HDY) Announces Services and Equipment Contracts for Offshore Exploration Project in Guinea
Hyperdynamics Corp., an independent oil and gas exploration company with prospects in offshore Republic of Guinea, northwest Africa, has announced that AGR Peak Well Management Ltd. has signed contracts on behalf of the Company for materials, long-lead-time equipment, and professional services, which total approximately $12 million. These purchases, which are contained under many separate contracts, will cover the needs of Hyperdynamics’ first two exploration wells that are planned offshore Guinea. The majority of the purchases are inclusive of the materials that will be used in the well itself, such as the casing and piping, a wellhead, cement and drilling fluid.…