Houston, TX PRNewswire/ - Hyperdynamics Corporation (OTCQX: HDYN) today provided an additional update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea.
"I'm pleased with our excellent operational progress as well as with early indications that support the geophysical model of the prospect. I am also happy to report that we are finished with the top portion of the Fatala-1 well, which is the deepest water well ever drilled offshore Africa," said Ray Leonard, President and Chief Executive Officer of Hyperdynamics.
"In the final drilling stage, we will drill the 12-1/4 inch hole through the interval that we believe holds the potential for a world-class hydrocarbon discovery," he said.
Leonard added, "Hyperdynamics operational team has relocated to Conakry in Guinea for this crucial last portion of the well operations and is not affected by the current devastating storm in Houston. We are making all efforts to ensure the safety of our Houston staff and send our prayers and best wishes to the people of Houston and the surrounding areas in this difficult time."
Hyperdynamics is the operator and a 50-50 partner in this exploration project with SAPETRO, an African focused privately held oil and gas exploration and production company with a portfolio of high-quality assets in West and East Africa.
Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.
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