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EXPLORATION

Hyperdynamics seals Guinea Tullow sale

US-LISTED explorer Hyperdynamics Corporation has concluded its sale of a 40% interest in its oil and gas concession offshore Guinea to a subsidiary of UK-based subsidiary Tullow Oil.

Noel Dyson
Hyperdynamics seals Guinea Tullow sale

The Guinea Ministry of Mines and Geology formally approved the sale by issuing an Arrete on December 27. Tullow has since transferred the $US27 ($A25.7) million cash to Hyperdynamic's Guinea subsidiary,...

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