|By PR Newswire||
|March 18, 2014 07:00 AM EDT||
HOUSTON, March 18, 2014 /PRNewswire/ -- Hyperdynamics Corporation (NYSE: HDY) 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.
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.
Forward Looking Statements
This news release and the Company's website referenced in this news release contain forward looking statements regarding Hyperdynamics Corporation's future plans and expected performance that are based on assumptions the Company believes to be reasonable. Statements that include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts. A number of risks and uncertainties could cause actual results to differ materially from these statements, including without limitation, funding and exploration efforts, fluctuations in oil and gas prices and other risk factors described from time to time in the Company's reports filed with the SEC. The Company undertakes no obligation to publicly update these forward looking statements to reflect events or circumstances that occur after the issuance of this news release or to reflect any change in the Company's expectations with respect to these forward looking statements.
Dennard - Lascar Associates
Jack Lascar, Managing Partner
Anne Pearson, Sr. Vice President
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