Guinea: Fatala well fails

US minnow Hyperdynamics faces an uncertain future following the failure of a second well offshore Guinea. The company said on 8 September that the Fatala well, which targeted a deep-water fan complex, had failed to find hydrocarbons.Under a one-year licence extension agreement with the government reached in September 2016, the licence was due to expire on 21 September 2017 unless a discovery was made. Hyperdynamics had hoped to be able to drill a follow-up well on the Bamboo prospect, but the company has struggled to raise the funds for Fatala.