Exhibit 10.3

 

	
PRESIDENCY OF THE   REPUBLIC
    	
REPUBLIC OF GUINEA
    
	
 
    	
 
    
	
GENERAL SECRETARIAT
    	
Work — Justice -   Solidarity
    
	
OF GOVERNMENT
    	
 
    


 

DECREE D/2017/ 087 /PRG/SGG

 

CONCERNING APPROVAL OF THE THIRD AMENDMENT TO THE HYDROCARBONS PRODUCTION SHARING CONTRACT BETWEEN THE REPUBLIC OF GUINEA, THE SCS CORPORATION LTD (A SUBSIDIARY OF HYPERDYNAMICS CORPORATION) AND THE SOUTH ATLANTIC PETROLEUM LIMITED COMPANY (SAPETRO)

 

THE PRESIDENT OF THE REPUBLIC

 

	
In view of
    	
 
    	
The Constitution;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Law L/2016/075/AN of   December 30, 2016, concerning the financial governance of Public   Enterprises and Facilities in the Republic of Guinea;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Ordinance   N°119/PRG(1) of September 23, 1986, concerning the Petroleum Code   of the Republic of Guinea (Code of reference for the Hydrocarbons Production   Sharing Contract between the Republic of Guinea and SCS Corporation Ltd.);
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree   D/2015/226/PRG/SGG of December 26, 2015, concerning the nomination of   the Prime Minister, Head of Government;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree   D/2015/227/PRG/SGG of December 30, 2015, concerning the structure of the   Government;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2016/003/PRG   of January 04, 2016, concerning the nomination of members of the   Government;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree D/2015/165/PRG/SGG   of August 29, 2015, concerning the Creation, Bylaws, Mission, Powers and   Organization of the Office National des Pétroles (ONAP - National Petroleum   Office);
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
Decree   D/2016/007/PRG/SGG of January 9, 2016, concerning the nomination of the   General Manager of the Office National des Pétroles (ONAP);
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Hydrocarbons   Production Sharing Contract signed on September 22, 2006, between the   Republic of Guinea and the SCS Corporation Ltd, as amended by the First Amendment   dated March 25, 2010, and the Second Amendment dated September 14,   2016;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Tripartite Protocol   signed on March 10, 2017, between the Republic of Guinea, the SCS   Corporation Ltd Firm and the South Atlantic Petroleum Limited Company;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Third Amendment to   the Hydrocarbons Production Sharing Contract between the Republic of Guinea,   the SCS Corporation Ltd Company and the South Atlantic Petroleum Limited   Company, dated April 12, 2017;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Hydrocarbons   Production Sharing Contract signed on September 22, 2006, between the   Republic of Guinea and the SCS Corporation Ltd Company, as amended by the   First Amendment dated March 25, 2010 and the Second Amendment dated   September 14, 2017;
    
	
 
    	
 
    	
 
    
	
In view of
    	
 
    	
The Tripartite Protocol   signed on March 10, 2017, between the Republic of Guinea, the SCS   Corporation Ltd Firm and the South Atlantic Petroleum Limited Company;
    
	
 
    	
 
    	
 
    


 











 

	
In view of
    	
 
    	
The Third Amendment to   the Hydrocarbons Production Sharing Contract between the Republic of Guinea,   the SCS Corporation Ltd Company and the South Atlantic Petroleum Limited   Company, dated April 12, 2017;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
On the proposition of   the General Manager of ONAP ;
    


 

DECREES

 

	
Article 1:
    	
 
    	
The Third Amendment to   the Hydrocarbons Production Sharing Contract between the Republic of Guinea,   the SCS Corporation Ltd Company and the South Atlantic Petroleum Limited   Company, dated April 12, 2017, is approved;
    
	
 
    	
 
    	
 
    
	
Article 2:
    	
 
    	
This Decree, which   takes effect as of the date it is signed, shall be recorded and published in   the Journal Officiel de la Republique (“Official Journal of the Republic”)
    


 

	
Conakry, dated 21 APRIL 2017
    
	
 
    
	

    
	
 
    
	
Professor   Alpha CONDE
    


 

PRG(1) = President de la République de Guinée (“President of the Republic of Guinea”)

 

SGG = General Secretariat of Government