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HyperDynamics (HDYN)

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Last Post: 12/9/2017 11:12:34 AM - Followers: 237 - Board type: Free - Posts Today: 0


Latest News

Fatala a dry hole and it's likley the end of HDYN

HOUSTON, Sept. 8, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) ("Hyperdynamics" or the "Company"), announced that the Fatala-1 exploration well drilled offshore the Republic of Guinea in Northwest Africa has reached its total drilling depth and did not encounter hydrocarbons.

Fatala-1 was drilled in 2,897 meters of water and reached a total depth of 5,117 meters below sea level. The well encountered a 75-meter-thick Cenomanian sedimentary channel sequence, but it contained predominantly siltstone and clays with no hydrocarbon shows. The well will be plugged and abandoned.

"We are very disappointed at the results of Fatala-1, considering the extremely promising geophysical data on the prospect," said Ray Leonard, Hyperdynamics' President and Chief Executive Officer.

"Hyperdynamics and our 50% partner in the well, SAPETRO, currently hold rights to the Guinea concession through September 21, 2017.  In the very near future, we will be studying the results of the well and evaluating any future options we may have for further activity in Guinea.

"Fatala-1 was the deepest-water well ever drilled offshore Africa, and I'm pleased to say that it was drilled safely and within expected budget," Leonard added.



Management Team

Board of Directors


Hyperdynamics Makes Final Preparations for Fatala-1 Exploration Well Offshore the Republic of Guinea



HOUSTON, Aug. 2, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today announced that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in Northwest Africa and is making final preparations to spud the Fatala-1 well later this week.

The Fatala-1 well will be drilled in approximately 2,900 meters of water to test a large turbidite fan prospect in the Transform Margin play with prospective P50 recoverable resources of 647 million barrels of oil based on a 2016 Netherland Sewell resource report.

"We expect to complete final provisioning preparations today to be ready for the actual spudding of the well no later than Friday," said Hyperdynamics' President and Chief Executive Officer Ray Leonard.

"Drilling is expected to take approximately 40 days to reach a total depth of 2,500 meters below the mud line. The next six weeks or so are going to be an extremely busy and exciting time for Hyperdynamics, as we seek to unlock what we believe is world-class oil potential from this largely untested basin offshore the Republic of Guinea in Northwest 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



Ray Leonard
President and Chief Executive Officer

Anne Pearson / Jack Lascar
Dennard-Lascar Associates



                                                        Concession Area: Offshore Republic of Guinea, West Africa


More from the OGIS/IPAA Conference here...













Location Information


Corporate Headquarters
12012 Wickchester Lane
Suite 475
Houston, Texas 77079
713-353-9400 Main
713-353-9421 fax


Investor & Media Relations

Paolo Amoruso





Transfer Agent


  American Stock Transfer & Trust Company, LLC.
6201 15th Avenue
Brooklyn, NY 11219
Phone: 1-800-937-5449


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HDY News: Hyperdynamics Announces Fatala-1 Exploration Well Did Not Encounter Hydrocarbons 09/08/2017 07:40:00 AM
HDY News: Hyperdynamics Provides Latest Update on Drilling Status of Fatala-1 Well Offshore Guinea 08/30/2017 07:00:00 AM
HDY News: Hyperdynamics Provides Latest Update on Drilling Status of Fatala-1 Well Offshore Guinea 08/30/2017 04:23:00 AM
HDY News: Hyperdynamics Provides Update on Drilling Status of Fatala-1 Well Offshore Guinea 08/25/2017 07:43:00 AM
HDY News: Hyperdynamics Reminds Shareholders to Vote their Proxies on Reverse Stock Split Proposal 07/18/2017 07:30:00 AM
#20060  Sticky Note davidsson10 09/15/17 10:11:47 AM
#19945  Sticky Note Lord... HDYN was trading in the dollars when tdbowieknife 09/12/17 07:25:49 PM
#21036   Thanks, I believe I was thinking in feet MU_Redskin1 12/09/17 11:12:34 AM
#21035   Correction, it was 5 meters of pay. 15 shawley 12/09/17 11:01:11 AM
#21034   The Chinese have invested heavily in Guinea. MU_Redskin1 12/08/17 06:16:44 PM
#21033   Correction > The Chinese "investment' suggests that ferab 12/08/17 12:30:03 PM
#21032   I agree. Something must be in the works ferab 12/08/17 12:29:18 PM
#21031   I don't know why an investor group would MU_Redskin1 12/08/17 08:52:30 AM
#21030   I hope we don't all have to learn Chinese. ferab 12/05/17 06:39:06 PM
#21029   Is Ray learning Chinese? Oilguy54 12/05/17 03:13:07 PM
#21028   SCHEDULE 14F-1 Rule_62 11/28/17 11:12:34 AM
#21027   Crap the_stockoracle 11/28/17 10:47:15 AM
#21026   Auditor bailed... tdbowieknife 11/20/17 10:37:05 AM
#21025   They don't need to R/S. After CLNG takes tdbowieknife 11/17/17 08:29:31 AM
#21024   good post , pretty much summarizes it munimi 11/16/17 10:59:13 PM
#21023   I am trying to figure out how they shawley 11/16/17 10:16:46 PM
#21022   It is what it is.... DD2068 11/16/17 03:26:56 PM
#21021   Yes! Could not agree more. jugs 11/16/17 11:18:25 AM
#21020   Very true. Ive never underestimated Rays compeyence or veracity. Important mikeg2 11/16/17 11:11:48 AM
#21019   Yes. I do. jugs 11/16/17 11:07:05 AM
#21018   More details on the CLNG deal and HDYN's Rule_62 11/16/17 11:04:44 AM
#21017   significant take aways from the 10K: mikeg2 11/16/17 10:40:11 AM
#21016   This not going anywhere for a long long munimi 11/15/17 10:54:15 PM
#21015   I care. Thank you. jugs 11/15/17 09:00:22 PM
#21014   10-K is out if anybody cares... And now tdbowieknife 11/15/17 07:34:57 PM
#21011   Bought with the millions he has made from HDY Oilguy54 11/11/17 07:54:19 PM
#21010   Indeed....he did. Not illogical to speculate that DD2068 11/09/17 08:49:09 PM
#21009   Do you know how many shares he owns Tamtam 11/09/17 05:46:46 PM
#21008   No single individual lost more on this than shawley 11/09/17 05:35:48 PM
#21007   Beautiful! You've been around for years and continue to jugs 11/09/17 03:28:22 PM
#21006   Additionally Ray has proven that he can bring MU_Redskin1 11/09/17 02:17:58 PM
#21005   ........ hmmmm, novel approach ..... DD2068 11/09/17 01:54:44 PM
#21004   I think it is plain and simple > ferab 11/09/17 01:37:02 PM
#21003   One other random thought. Does anyone think the whitenoize 11/09/17 12:21:56 PM
#21002   OK guys and gals, help me out here. whitenoize 11/09/17 12:00:38 PM
#21001   Yes, undying loyalty and praise as investors lose ssc 11/09/17 08:30:42 AM
#21000   Thank you for your reasonable attitude. That's what jugs 11/08/17 02:18:51 PM
#20999   I’ve thought for some time that the company DD2068 11/08/17 01:41:29 PM
#20998   I hope your denigration of Ray soothes the jugs 11/08/17 12:16:20 PM
#20997   Close only counts in horse shoes and hand grenades Oilguy54 11/08/17 10:55:50 AM
#20996   The Company intends to use the net proceeds tdbowieknife 11/07/17 06:13:43 PM
#20995   "While the stock purchase agreement provides that Ray Rule_62 11/07/17 03:57:57 PM
#20994   14 cents is close to zero PAspud 11/07/17 03:39:53 PM
#20993   I don't care if past management or new Oilguy54 11/07/17 12:17:37 PM
#20992   That is obviously why he is so successful. Oilguy54 11/07/17 12:16:31 PM
#20991   Why all this fight about Ray? At this PAspud 11/07/17 12:08:01 PM
#20990   No! It takes many years to develop instincts common jugs 11/07/17 12:01:42 PM
#20989   I am sure anyone with experience can read Oilguy54 11/07/17 11:32:35 AM
#20988   Could you elaborate on why you are confident phxdishman 11/06/17 03:25:52 PM
#20987   Ray has been thru 2 drill attempts. He ferab 11/06/17 01:18:00 PM
#20986   If they want to find oil, how will Oilguy54 11/06/17 12:42:28 PM
#20985   I could not agree with you more! jugs 11/06/17 10:30:49 AM