Hyperdynamics Corp. (HDY) announced today that its wholly owned subsidiary, SCS Corporation, has filed suit against AGR Well Management Ltd as negotiations to address cost-overruns associated with the Sabu-1 well were unsuccessful.
The Sabu-1 well was spud in October, 2011 off the coast of the Republic of Guinea and completed early this year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.