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HyperDynamics (HDYN)

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Last Post: 9/22/2017 10:12:55 PM - Followers: 254 - Board type: Free - Posts Today: 10

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HOUSTON, Sept. 15, 2017

HOUSTONSept. 15, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) ("Hyperdynamics" or the "Company"), today provided additional results from its analysis of well logs from the Fatala-1 exploration well recently drilled offshore the Republic of Guinea in Northwest Africa.

"Our immediate focus last week was a review of the Fatala-1 well log results from our targeted 75-meter-thick main channel, which unfortunately did not yield any oil shows above oil based mud signature while drilling or from an analysis of the cuttings taken from the well," said Ray Leonard, Hyperdynamics President and Chief Executive Officer.

"However, from our detailed study of the logs conducted over the last several days, we identified five meters of calculated hydrocarbons in the upper Cenomanian channel located above our main target formation.  This five-meter sand has an average porosity of 17% and a hydrocarbon saturation of 61%. A minor background gas increase was also observed while drilling through this interval. A review by eSeis, our independent geophysical and petrophysical consultant, concurred with our findings.

"These results are technical calculations, and the thickness, porosity and saturation characteristics from this zone does not by itself make Fatala a commercially developable project, but we believe it could be an encouraging sign for the hydrocarbon potential of the offshore Guinea shelf," he added.

"Over the next few days, we plan to hold further discussions with our 50% partner SAPETRO and with the Guinea government to determine any future options we may have for further activity in Guinea taking into account this additional information," Leonard said.  



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.



http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=1039663



Website

http://www.hypd.com/
             



 

Management Team

http://investors.hyperdynamics.com/management.cfm

Board of Directors

http://investors.hyperdynamics.com/directors.cfm

 


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 www.hyperdynamics.com.

 

Contacts:

Ray Leonard
President and Chief Executive Officer
713-353-9445

Anne Pearson / Jack Lascar
Dennard-Lascar Associates
713-529-6600

 



 

                                                        Concession Area: Offshore Republic of Guinea, West Africa


 








More from the OGIS/IPAA Conference here...
https://drive.google.com/file/d/0B8fPIL-cKPM-WGJuRGxBQXR5Z3M/view
 

 

 

 

 

 

 
 

 

 


 

 


 

 

Location Information

           

Corporate Headquarters
12012 Wickchester Lane
Suite 475
Houston, Texas 77079
713-353-9400 Main
713-353-9421 fax
E-mail: info@hyperdynamics.com

 
 
 
 

Investor & Media Relations

Paolo Amoruso
713-353-9445
investor@hyperdynamics.com
 
 
 
 
 
 

 

 

 

         

Transfer Agent

 

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

 
 






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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
PostSubject
#20060  Sticky Note http://www.otcmarkets.com/stock/HDYN/news/Hyperdynamics-Provides-Additional-Resu davidsson10 09/15/17 10:11:47 AM
#19949  Sticky Note HDYN~~ FLOAT 25M, O/S 29.4M, % Held by I m1999 09/12/17 07:48:28 PM
#19945  Sticky Note Lord... HDYN was trading in the dollars when tdbowieknife 09/12/17 07:25:49 PM
#20890   This is what I've been wondering and spoke jugs 09/22/17 10:12:55 PM
#20889   Worse is that they were deliberately trying to jugs 09/22/17 10:03:33 PM
#20888   And Ray... I believe HDYN long time investors tdbowieknife 09/22/17 09:54:47 PM
#20887   So much for all that ridiculous talk if tdbowieknife 09/22/17 09:08:06 PM
#20886   Yep. Nothing but shrapnel now. junkHustler 09/22/17 12:11:38 PM
#20885   I'm in w .16 avg, I flipped once TeddyCaswell 09/22/17 11:47:36 AM
#20882   Timberrr.. Awesome stoxblox 09/22/17 09:47:30 AM
#20881   Will be interesting to see what you find hillzman 09/22/17 12:03:54 AM
#20880   I'm not sure that the appraisal program has midtieroil 09/21/17 11:38:26 PM
#20879   Seems the request is for an appraisal well, hillzman 09/21/17 10:14:57 PM
#20878   The other fan plays like Bamboo and Syli midtieroil 09/21/17 09:38:43 PM
#20877   Yes. Grasping at straws. Time for HDYN execs hillzman 09/21/17 07:33:45 PM
#20876   Unfortunately even modern 3-D seismic doesn't have the tdbowieknife 09/21/17 07:19:22 PM
#20875   No ..this one I'm playing for the long Millionmasso 09/21/17 06:44:30 PM
#20874   For me, at least, it begs the question: What jugs 09/21/17 06:44:02 PM
#20873   Is this your first oil play? shawley 09/21/17 06:38:07 PM
#20872   That's right. And now that SAPETRO has bailed tdbowieknife 09/21/17 06:29:26 PM
#20871   Company statements are clearly being interpreted differently. jugs 09/21/17 05:28:44 PM
#20869   Two year means oil is there and company Millionmasso 09/21/17 04:04:15 PM
#20867   My guess is that you have not read midtieroil 09/21/17 01:56:24 PM
#20866   Orders to sell into the bid price don't Rule_62 09/21/17 01:45:25 PM
#20865   I'm sure it would look that way to Kgs68 09/21/17 01:37:07 PM
#20864   Looks like mostly exiting to me Rule_62 09/21/17 01:35:08 PM
#20863   Why do they keep wanting more and more shares? Kgs68 09/21/17 01:19:42 PM
#20861   They must think I'm a garden cuz I'm mondochello 09/21/17 01:17:39 PM
#20860   There's alot of BID orders getting filled which Kgs68 09/21/17 01:12:04 PM
#20859   That is obviously NOT what I or any midtieroil 09/21/17 01:11:30 PM
#20858   I think the news this morning says exactly Kgs68 09/21/17 01:11:00 PM
#20857   All or nothing orders don't show up on shawley 09/21/17 01:01:55 PM
#20855   I have level 2 info, and I had Kgs68 09/21/17 12:58:34 PM
#20853   Extention* KMBSOUTH 09/21/17 12:53:04 PM
#20850   Terrible news from HDYN. They didn't get midtieroil 09/21/17 12:39:15 PM
#20849   It's all over folks, move on. This will munimi 09/21/17 12:02:52 PM
#20848   There partner might have seen that with splitting KMBSOUTH 09/21/17 11:57:35 AM
#20847   You do realize that all new wells get KMBSOUTH 09/21/17 11:55:09 AM
#20846   that's why their partner ended their agreement after shawley 09/21/17 11:44:54 AM
#20845   that's why they plugged it? PAspud 09/21/17 11:43:12 AM
#20844   Got a little at 16 cents. Setting BobDoleYahoo 09/21/17 11:11:52 AM
#20843   good news for HDYN .. HDYN will fly Brumo 09/21/17 11:11:32 AM
#20842   You mean to tell me they did find KMBSOUTH 09/21/17 11:10:59 AM
#20841   Let's see if this turns around now TeddyCaswell 09/21/17 11:06:07 AM
#20840   Absolutely. Curt D 09/21/17 10:55:11 AM
#20839   That one will have more impact, IMO. benchman 09/21/17 10:54:29 AM
#20838   I would imagine the next PR will have Curt D 09/21/17 10:51:48 AM
#20837   I think investors wanted to hear that they benchman 09/21/17 10:44:20 AM
#20835   Is that a good thing? Oshinko 09/21/17 10:41:08 AM
#20833   PUMA is top bid, soaking up a few shares. postal72 09/21/17 10:27:04 AM
#20832   I'm not seeing a whole lot of anything Rule_62 09/21/17 10:13:04 AM
#20831   On watch for .20 break. Oshinko 09/21/17 10:11:48 AM
#20830   Got .185 mondochello 09/21/17 10:00:37 AM
PostSubject