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HyperDynamics (HDYN)

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Last Post: 2/3/2016 12:36:00 PM - Followers: 213 - Board type: Free - Posts Today: 0




About Hyperdynamics

Hyperdynamics is an emerging independent exploration and production company that is exploring offshore the Republic of Guinea for new sources of oil and gas in partnership with Tullow Oil Plc and Dana Petroleum E&P Ltd. It holds a 37% non-operator interest covering approximately 25,000 square kilometers in Guinea, one of the largest exploration and production licenses in West Africa.

Hyperdynamics was founded in 1996 and is traded on the OTCQX under the symbol HDYN. The company is based in Houston, Texas.                       


Management Team

Board of Directors



                                                        Concession Area: Offshore Republic of Guinea, West Africa


Hyperdynamics holds a 37% working interest in one of the largest offshore exploration concessions in West Africa, spanning 18,750 square kilometers offshore Republic of Guinea. The concession is operated by Tullow Oil.


Multiple play types, leads and prospects have been identified in this largely unexplored basin at the intersection of several prospective exploration trends within the Atlantic Transform Margin.

We are encouraged by recent offshore oil discoveries in Ghana, Sierra Leone, Liberia, and Cote d’Ivoire to the south and east of our concession on the African side of the Atlantic, as well as discoveries offshore Brazil and French Guiana in South America, which abutted West Africa 100 million years ago before tectonic plate shifts separated the two continents.

Proven Partners


In December 2012 Tullow Oil purchased a 40% working interest in the Guinea concession and assumed operatorship in April 2013. Tullow has been one of the most active and successful independent operators working offshore West Africa, operating or partnering in most of the discoveries in the trend. Tullow’s experience in drilling operations – especially in the Atlantic Transform Margin – along with its access to rigs and other equipment, will continue to be an asset to the Guinea project.

As part of the sale, Hyperdynamics received $27 million from Tullow as reimbursement for past exploration expenditures. Tullow also agreed to pay Hyperdynamics’ participating interest share of drilling costs for one deep-water exploration well, up to a net $37 million. If an appraisal of the initial exploration well is drilled, Tullow will also pay our proportionate share of the costs, up to $37 million.



The third member of the Consortium is Dana Petroleum, which purchased a 23% working interest in the Guinea concession in early 2010. Dana was acquired by the Korean National Oil Corporation in 2011.

Exploration Work Conducted to Date


We have conducted extensive technical studies of the area, including 17,800 kilometers of 2D seismic and 7,635 square kilometers of 3D seismic in five separate surveys covering both shallower water and deep water portions of the Guinea concession.

Hyperdynamics drilled the Sabu-1 exploration well in late 2011 and early 2012 in 730 meters of water as operator of the project. The Sabu-1 reached planned total depth of 3,600 meters below the waterline, testing an Upper Cretaceous section of the prospect. The well encountered oil shows, and well-log interpretations indicated the presence of residual oil in non-commercial quantities. Subsequent analysis of rock samples from the well confirmed the presence of hydrocarbons in fluid inclusions in the rock.

We believe the Sabu-1 well was not commercial because of the lack of a reservoir seal such as marine shales or reservoir-seal pairs needed for a commercial accumulation. We also believe that the evidence that hydrocarbon generation has taken place in the basin and the presence of reservoir-quality carbonates and sandstones in the well enhances the prospectivity of our concession.


Next Steps

The Consortium has selected the Fatala turbidite fan prospect for future ultra-deep-water exploration drilling, based on its evaluation of a 4,000-square-kilometer 3D seismic survey covering the deep water section of the concession. The spud date for this well has been temporarily suspended pending further discussions among the partners. Under the terms of the Production Sharing Contact with the Government of Guinea, the next well must commence drilling no later than September 2016.

Hyperdynamics and its partners have also identified a significant inventory of other leads and prospects in deep water portions of the Guinea concession.

Production Sharing Contract

The Consortium sent notice in September 2013 to the Government of Guinea of its intention to renew the second exploration period to September 2016 and identified the coordinates of the area to be relinquished as required under the PSC.

The second exploration period may be extended to September 2017 to allow the completion of a well in process and to September 2018 to allow the completion of the appraisal of any discovery that is made. 


Guinea Concession




                                                                                                  Tullow Oil




                                                                                                              December 5th Investor Annual Meeting of Stockholders slides




Extensional and Transform,Fault Interaction,Influence on the Upper Cretaccous Hydrcarbon System,Equatorial Margin,West Africa


                                                                             Tollow Oil Video





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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#18508  Sticky Note Hyperdynamics Announces Settlement with the SEC mare3210 09/29/15 12:52:34 PM
#17107  Sticky Note Hyperdynamics Announces Lifting of Declaration of Force Majeure mare3210 05/05/14 06:21:12 AM
#18910   This is not a scam, unless Tullow and/or ferab 02/03/16 12:36:00 PM
#18909   Looks like there is a ray of hope dloggold 02/03/16 11:50:04 AM
#18908   Link seems to be inoperable. I appreciate your jugs 02/03/16 10:47:28 AM
#18907   Filings in State Court phxdishman 02/03/16 12:10:02 AM
#18906   Empower didn't even come close to winning...Ray won tdbowieknife 02/02/16 07:34:57 PM
#18905   Hyperdynamics Announces Voluntary Dismissal of US District Court tdbowieknife 01/29/16 02:20:38 PM
#18904   Yes... Hopeful it moves quickly too. tdbowieknife 01/29/16 01:46:13 PM
#18903   What a shame. I hope Tullow gets crucified. InTheDeepWater 01/29/16 01:30:56 PM
#18902   Harris County, Texas Docs, suit re-filed... tdbowieknife 01/29/16 01:29:59 PM
#18901   Hyperdynamics has re-filed in Texas State Court, Harris County. tdbowieknife 01/29/16 01:05:35 PM
#18900   Hard to say what the heck is going tdbowieknife 01/29/16 11:40:42 AM
#18899   No, our partners may be acting in an jugs 01/29/16 11:23:52 AM
#18898   As in my previous post I think that's Money Mike 1 01/29/16 10:36:13 AM
#18897   A speculation for sure, but this would be startwitharoux 01/28/16 07:36:30 PM
#18896   Seeing the court-case developments/withdrawal as a positive. Suspect hillzman 01/28/16 06:27:11 PM
#18895   According to Hyperdynamics and the complaint... tdbowieknife 01/28/16 06:00:36 PM
#18894   I'm pretty sure the suit was dropped because Money Mike 1 01/28/16 05:57:00 PM
#18893   I am curious how this affect the arbitration? whitenoize 01/28/16 04:10:56 PM
#18892   I don't see it scaring them off either. InTheDeepWater 01/28/16 03:56:33 PM
#18891   That I would think is the most logical... tdbowieknife 01/28/16 03:47:54 PM
#18890   Interesting development. Could be anything from our council whitenoize 01/28/16 03:47:28 PM
#18889   Things must be moving forward. I can't imagine InTheDeepWater 01/28/16 03:45:18 PM
#18888   The suit has been dropped By Hyperdynamics... Don't tdbowieknife 01/28/16 03:35:54 PM
#18887   Dana did file a motion to dismiss yesterday tdbowieknife 01/28/16 03:13:03 PM
#18886   BTW the scheduling conference was supposed to be whitenoize 01/28/16 03:06:42 PM
#18885   Wonder if Mr. Wilson sold his share or whitenoize 01/28/16 02:55:38 PM
#18884   Light trading after the proxy results. I'm a InTheDeepWater 01/28/16 12:29:51 PM
#18883   Seems Tullow's BODs are acting like 8 year tdbowieknife 01/27/16 10:03:35 PM
#18882   Thanks for posting. I have always said that startwitharoux 01/27/16 09:09:17 PM
#18881   Another article with a negative slant toward Tullow. whitenoize 01/27/16 08:54:43 PM
#18880   Great! Now let's nail Tullow down. InTheDeepWater 01/27/16 04:07:29 PM
#18879   Looks like Empower is out and Ray is in... tdbowieknife 01/27/16 04:01:05 PM
#18878   Yes... Tullow is a very crappy untrustworthy "partner"... tdbowieknife 01/27/16 03:27:56 PM
#18877   To be expected I suppose. Not good news InTheDeepWater 01/27/16 03:21:57 PM
#18876   More Court filings... tdbowieknife 01/27/16 03:15:19 PM
#18875   I'll laugh if it starts being reflected in InTheDeepWater 01/27/16 02:27:44 PM
#18874   I expected preliminary numbers by now, but not tdbowieknife 01/27/16 01:34:02 PM
#18873   Anyone have a clue as to when we InTheDeepWater 01/27/16 01:32:11 PM
#18872   I'm with Ray L... ferab 01/26/16 05:39:13 PM
#18871   January 26, 2016 tdbowieknife 01/26/16 04:34:41 PM
#18870   Let's hopea anda praya anda preya thata drilling jugs 01/26/16 04:14:31 PM
#18869   I can only guess that they believe Fatala tdbowieknife 01/26/16 04:08:11 PM
#18868   This begs the question: jugs 01/26/16 03:50:02 PM
#18867   Looks like Blackrock does still hold shares. tdbowieknife 01/26/16 03:46:18 PM
#18866   Empower can't even organize a proxy, I sure whitenoize 01/26/16 01:50:59 PM
#18865   If investors already voted for Ray and the tdbowieknife 01/25/16 09:43:18 PM
#18864   Ray Leonard's Letter to Shareholders tdbowieknife 01/22/16 09:30:45 PM
#18863   I guess if Wilson doesn't get the job, ferab 01/22/16 01:02:51 PM
#18862   New Empower Revised Preliminary Proxy phxdishman 01/22/16 12:51:58 PM
#18861   From Moody's this morning: jugs 01/22/16 08:46:43 AM