13 Mar 2017drilling progress report● NeutralMajor
Hyperdynamics, Guinea, and new partner South Atlantic Petroleum (SAPETRO) signed a tri-party protocol committing to spud the Fatala well by May 30, 2017.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2012drilling progress report▼ BadMajor
The Sabu-1 well hit mechanical problems and ballooned to an estimated $125 million ($96 million net to Hyperdynamics), straining cash reserves; the company said it would defer a planned second well and might need to sell down more of its Guinea stake to keep funding the first.