- Hyperdynamics (NYSE:HDY +10.1%) shares recover a sliver of last week's ~70% loss after the energy exploration company issues a rebuke to partner Tullow Oil's (OTCPK:TUWLF, OTCPK:TUWOY) decision to declare force majeure and suspend drilling off the coast of Guinea.
- HDY says Tullow's unilateral actions were "unwarranted and untimely, and that a force majeure event has not occurred," and will provide additional communications "in an effort to recommence drilling plans."