The site Guineeconakry.info reports that an affiliate of the oil company Hyperdynamics has expressed its willingness to rewrite their controversial contract with the Guinean government for the right to explore and exploit potential offshore oil and gas reserves. The contract was widely criticized in the Guinean press and society for being far too favorable to the Houston-based company.
For its part, Guinéenews claims that the Conkary bank accounts of the Hyperdynamics' affiliate were frozen last week.
The US head of Hyperdynamics has reportedly created a non-governmental organization called American Friends of Guinea, which is not affiliated in any way to Friends of Guinea.
Note: I certainly welcome and encourage debate on this blog entry and all others, provided they are civilized and further the discussion. Ad hominem attacks or comments containing vulgar language will not be published. Personal accusations should be justified or substantiated, particularly when made by anonymous posters. I've already rejected three comments on this entry (two pro-Hyperdynamics and one anti-) based on the afforementioned criteria. Thank you for keeping the discussion above board. -Brian Farenell, FOG Communications Director.