Hyperddynamics ( Nyse : HDY ) has a joint venture with Korean National Oil Company in Guinea through Dana petroleum. KNOC bought Dana in October 2010. This means that Hyperdynamics has a very strong partner in his West Africa Coast operations.
Hyperdynamics is waiting for is $30 million 3D survey of its offshore ressources in March 2012 to start drilling the second well in its Guinea concession.
Disclosure: I am long HDY.