Tullow declares force majeure ahead of planned well in Guinea


Issue 273 - 13 Mar 2014 | 4 minute read
Hyperdynamics Corporation said on 12 March that Tullow Oil had declared force majeure over its Guinea acreage. The announcement followed a guilty plea by French national Frédéric Cilins to obstructing a US criminal investigation in connection with a bribery probe into how Beny Steinmetz’s BSG Resources (BSGR) acquired mining rights in Guinea.On 30 September, the US Department of Justice (DoJ) issued a subpoena asking Hyperdynamics, the original licence holder, to produce documents relating to its business in Guinea. The US Securities and Exchange Commission (SEC) issued a similar subpoena in January this year.

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