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Hyperdynamics Files Suit Against AGR Well Management

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6/21/2012 2:08 PM ET

Hyperdynamics Corp. (HDY: Quote) 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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