Hyperdynamics Updates Drilling Status of Fatala-1 Well Offshore Guinea
HOUSTON, Aug. 14, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today provided an update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea as it nears completion of the initial portion of the well.
"Since the drillship arrived on location we have completed the project mobilization effort and successfully set the 36-inch conductor casing into the seabed in 2,897 meters of water depth. As of 6 a.m. CT today, the hole for the surface casing has been drilled 723 meters to a depth of 3,620 meters. We are preparing to set the 20-inch casing when we have drilled to a depth of 3,814 meters," said Ray Leonard, President and Chief Executive Officer of Hyperdynamics.
"We are very excited to begin exploring the high-potential Fatala deep water prospect. We believe this exploration campaign has the potential to unlock significant value for our company and our shareholders," Mr. Leonard added.
Hyperdynamics is 50-50 partners 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.
About Hyperdynamics
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.
Forward Looking Statements
This News Release contains "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "plan," "project," "anticipate," "estimate," "believe," or " think." Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. We assume no duty to update or revise our forward-looking statements based on changes in plans or expectations or otherwise.
Contacts:
Ray Leonard
President and Chief Executive Officer
713-353-9445
Anne Pearson / Jack Lascar
Dennard-Lascar Associates
713-529-6600
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SOURCE Hyperdynamics
