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Last Post: 3/20/2021 4:05:58 PM - Followers: 197 - Board type: Free - Posts Today: 0


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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 www.hyperdynamics.com.



Ray Leonard
President and Chief Executive Officer

Anne Pearson / Jack Lascar
Dennard-Lascar Associates



                                                        Concession Area: Offshore Republic of Guinea, West Africa


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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





Transfer Agent


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


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#21090   That was a textbook play with only one error. Involuntary-Recluse 03/20/21 04:05:58 PM
#21089   >> Praise that man for giving us that long9johnson 03/20/21 03:23:33 PM
#21088   Right oh! Involuntary-Recluse 10/03/19 05:02:08 PM
#21087   thanks geodan 09/30/19 05:51:21 PM
#21086   Yes, bankrupt and out of business... tdbowieknife 08/30/19 09:25:54 AM
#21085   This thing is still trading? Why? .0028 and geodan 08/27/19 03:17:34 PM
#21084   Geesh! Let it die already! jugs 04/13/18 12:47:30 PM
#21083   I see Ray Leonard has a new position. Oilguy54 04/13/18 11:17:58 AM
#21082   Unfortunately, HDYN's only hope is to change its ferab 03/08/18 08:52:51 AM
#21081   Not really...less than 8,000 shares traded at 2¢ jugs 03/07/18 07:13:59 PM
#21080   Amazed HDY has still potential to rise Tamtam 03/07/18 05:35:03 PM
#21079   How much did you lose on this pick? jugs 01/29/18 01:51:56 PM
#21078   Maybe Ray can get a job with the Oilguy54 01/29/18 01:41:57 PM
#21074   Exxon does not spend just investor's money. Oilguy54 01/11/18 03:16:22 PM
#21073   Every single CEO out there spends money brought jugs 01/10/18 02:24:51 PM
#21072   Ray could have done something to generate revenue. Oilguy54 01/10/18 01:08:44 PM
#21071   How will Ray feed his family. Oilguy54 01/10/18 01:05:19 PM
#21070   I'm not convinced drilling is his bag. He's jugs 01/09/18 02:59:14 PM
#21069   What do you think are Ray's options? What ferab 01/09/18 02:44:59 PM
#21068   Permit me to disagree. You point to oil jugs 01/09/18 08:06:26 AM
#21067   I fail to understand why sp went up Tamtam 01/09/18 03:43:14 AM
#21066   Yep....I sold this turd sammich at .50 and Bowser619 01/08/18 09:51:20 PM
#21065   Yes. A lot of folks bet a lot tdbowieknife 01/06/18 09:01:06 PM
#21064   It's over. Sad but over. jugs 01/06/18 08:39:44 PM
#21063   HDYN Changed to HDYNQ... tdbowieknife 01/06/18 12:18:07 PM
#21062   Just sold this garbage today....they are done and Bowser619 12/26/17 10:55:28 AM
#21061   Trips on Tuesday, shame shawley 12/23/17 03:08:04 PM
#21060   Petitions for chapter 7 bankruptcy... liquidation. tdbowieknife 12/23/17 09:21:21 AM
#21059   I see that it is over now. Oilguy54 12/23/17 09:01:08 AM
#21058   What's Guinea going to do now? Oilguy54 12/21/17 10:08:28 PM
#21057   Why are disappointed? Oilguy54 12/21/17 10:00:50 AM
#21056   I agree. What's Guinea going to do now? ferab 12/20/17 10:25:31 AM
#21055   I believe that Guinea gave Ray 2 extensions tdbowieknife 12/19/17 06:55:17 PM
#21054   I find it hard to believe that Guinea MU_Redskin1 12/19/17 05:49:24 PM
#21053   Simple: Experts in the investment arena wouldn't dare touch jugs 12/18/17 12:03:21 PM
#21052   Why do you think people are still buying Two2 12/18/17 10:35:36 AM
#21050   I would not worry about Ray L. Oilguy54 12/16/17 03:41:29 PM
#21048   The Chinese bailed too... tdbowieknife 12/16/17 09:44:56 AM
#21047   Didn't you read the news: ssc 12/16/17 09:22:16 AM
#21046   With the Chinese takeover, what's going to happen ferab 12/16/17 09:19:53 AM
#21045   Yep... A sad end indeed and I still tdbowieknife 12/15/17 11:19:00 PM
#21044   Yep. No extension and no CLNG deal. Story hillzman 12/15/17 09:37:23 PM
#21043   1.02 AMOTE1 12/15/17 08:26:17 PM
#21042   It does look like the co will make DD2068 12/13/17 10:18:42 PM
#21041   Keeping one's privates in a support is very important. jugs 12/13/17 04:06:47 PM
#21040   I have some money set aside as well, MU_Redskin1 12/13/17 02:59:54 PM
#21039   Actually an inexpensive way for those private companies hillzman 12/13/17 02:51:39 PM
#21038   Actually if this gets done and they do MU_Redskin1 12/13/17 01:32:38 PM
#21037   From the 14F-1 MU_Redskin1 12/13/17 01:03:56 PM
#21036   Thanks, I believe I was thinking in feet MU_Redskin1 12/09/17 11:12:34 AM
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