Killajoules

Tullow Oil Agrees Farm-in to Guinea Concession
Hyperdynamics Corporation (NYSE: HDY) today announced that its wholly owned subsidiary, SCS Corporation Ltd, has entered into an agreement with Tullow Guinea Ltd., a subsidiary of Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow. Subject to the completion of due diligence, the sale is expected to close by year-end following the satisfaction of certain closing conditions and approval of the assignment by Guinea’s Ministry of Mines and Geology.

Vivo Energy - 2nd phase of Africa transaction completes
Today Vitol, Helios Investment Partners (Helios) and Shell have completed the second phase of the transaction that was first announced on February 19th 2011. Vitol and Helios have acquired the majority of Shell’s shareholding in their businesses in Cote D'Ivoire, Burkina Faso and Guinea as well as the service company Africa Downstream Oil Products (ADOP), the employing company for those Vivo Energy staff who are based in South Africa. These companies will now become part of Vivo Energy, joining the seven companies that transferred to Vivo Energy on December 1st last year. These were Cape Verde, Mauritius, Madagascar, Mali, Morocco, Senegal and Tunisia.

InterOil Extends Certain LNG Project Agreements
InterOil Corporation (NYSE:IOC) (POMSoX:IOC) (“InterOil”) announced that it has extended the dates by which certain conditions are to be met and Final Investment Decisions (FID) made in LNG project agreements with Mitsui and Energy World Corp, until March 31, 2012.

Launch of Vivo Energy signals new era for African energy
Vivo Energy, the company formed by Vitol, Helios Investment Partners and Shell to distribute and market Shell-branded fuels and lubricants across Africa, enters its first day of trading today in 7 countries: Cape Verde, Mauritius, Madagascar, Morocco, Mali, Senegal and Tunisia. Over the next few weeks, the Shell companies in these 7 countries will register their new names, starting today in Morocco, where Societe Shell du Maroc has become Vivo Energy Maroc. All businesses will use Vivo Energy as the name of their corporate entity. Also making its debut today is Shell and Vivo Lubricants, which will manufacture and blend Shell branded lubricants for distribution across Africa. It will market and sell lubricants through exclusive Master Distribution Agreements with Vivo Energy companies.