HOUSTON, July 10, 2014 /PRNewswire/ — Hyperdynamics Corporation (NYSE: HDY) today announced that Tullow Guinea Ltd. (“Tullow”), has appointed Gilbert Yevi as its country manager for Guinea. Mr. Yevi previously served a leading role in the success of Tullow’s Jubilee Field in Ghana. The members of the Consortium and their participating interests in the Concession from the Government of Guinea granting exploration rights offshore Guinea are Tullow – 40%, and the operator; Hyperdynamics’ subsidiary, SCS Corporation – 37%; and Dana Petroleum (E&P) Limited – 23%.
The Consortium, through Tullow, is also donating $200,000 to the International Federation of Red Cross and Red Crescent Societies (IFRC) to support humanitarian relief efforts in Guinea as it fights the Ebola virus. Tullow donated $100,000 and Dana Petroleum and Hyperdynamics subsidiary SCS each donated $50,000.
“Our hearts go out to the people of Guinea as they struggle to contain the spread of this devastating disease and to the doctors and other medical workers caring for the sick,” said Ray Leonard, Hyperdynamics President and Chief Executive Officer.
“The donation – along with Tullow’s recent appointment of Gilbert Yevi – also underscores the Consortium’s commitment to Guinea and the upcoming deepwater exploration efforts,” Leonard added.
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.
Dennard ▪ Lascar Associates
Jack Lascar, Managing Partner
Anne Pearson, Sr. Vice President