Jasper Investments

Jasper Investments: Hyperdynamics has extended its LOI with Jasper till May 20, for the 2 parties to finalise the contract terms wrt the lease of its deepwater drillship Jasper Explorer, which is earmarked to begin drilling in waters off Guinea in 4Q11, under a 2-yr exploration program. Stock off 10% over past week due to the non conclusion of the deal.