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Hyperdynamics (HDY +24.6%) shares surge based on Monday's news of an agreement with Tullow Oil...

Oct. 31, 2012 2:37 PM ETHyperdynamics Corporation (HDY) StockHDY, TUWOY, TUWLFBy: Carl Surran, SA News Editor2 Comments

Hyperdynamics (HDY +24.6%) shares surge based on Monday's news of an agreement with Tullow Oil for exclusive negotiations concerning a potential acquisition of a 40% gross interest in its contract area offshore Guinea. Cash-strapped HDY has been seeking to offload part of its operated 77% stake in the concession amid drilling difficulties.

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