Hyperdynamics: Buyer found

Hyperdynamics announced on 3 November that it had reached a definitive agreement to sell 40m shares, or 53% of the company, to CLNG Limited (Hong Kong) for $6m. The Houston-based minnow has drilled two unsuccessful wells offshore Guinea, but interest in the area has been piqued by Total’s big study agreement for most of the rest of the country’s offshore.