HOUSTON, June 21, 2012 /PRNewswire/ -- Hyperdynamics Corp. (NYSE: HDY) announced today that its wholly owned subsidiary, SCS Corporation, has filed suit against AGR Well Management Limited following unsuccessful negotiations to address cost-overruns associated with the Sabu-1 well drilled off the coast of the Republic of Guinea. The Sabu-1 well was spud in October of 2011 and completed early this year. A copy of the suit was attached as an exhibit on form 8-K filed earlier today.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.
| Contacts: |
Dennard Rupp Gray & Lascar, LLC |
| Ken Dennard, Managing Partner |
|
| Jack Lascar, Partner |
|
| (713) 529-6600 |
|
| Anne Pearson, Sr. Vice President |
|
| (210) 408-6321 |
SOURCE Hyperdynamics Corp.
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