- A federal probe into Hyperdynamics' (HDY) business dealings is not expected to affect the company's ability to develop a massive oilfield off the coast of Guinea, according to CEO Ray Leonard.
- HDY is exploring an 18,750 sq. km area off the African coast with Tullow (TUWLF.PK, TUWOY.PK) and KNOC'S Dana; Leonard says he hasn't discussed the probe yet with the partners.
- Shares plunged 15% today after the Justice Department said late yesterday it had requested documents relating to HDY's business in Guinea.
Hyperdynamics CEO says DOJ probe shouldn't affect Guinea drilling
Oct 1 2013, 19:05 ET