Tullow Oil plc entered into talks to acquire 40% interest in a 25,000 sq km concession offshore Guinea from Hyperdynamics Corporation. "In the event that a definitive agreement for the acquisition of the interest is entered into during the exclusivity period, it will be subject to customary provisions relating to the satisfaction of certain conditions precedent prior to completion of acquisition," Hyperdynamics said in a statement. Hyperdynamics announced that its unit, SCS Corporation, has entered into an agreement with a subsidiary of Tullow Oil plc, for exclusive negotiations in respect of a potential acquisition of a 40% gross interest in the Concession offshore Guinea.