HDY here is news with it(COMTEX) B: Hyperdynamics Resumes Drilling Offshore Guinea ( PR Newswire )
B: Hyperdynamics Resumes Drilling Offshore Guinea ( PR Newswire )
HOUSTON, Dec. 28, 2011 /PRNewswire via COMTEX/ --
Hyperdynamics Corporation (NYSE: HDY) today announced it has resumed
drilling operations on the Sabu-1 exploration well in its concession offshore
the Republic of Guinea in West Africa.
Drilling recommenced from a point 1,440 meters subsea and is planned to
continue to a total depth of 3,600 meters. Hyperdynamics plans to continue
to provide progress updates.
Hyperdynamics operates the Guinea concession with a 77 percent participating
interest, with the remaining 23 percent held by Aberdeen-based Dana
Petroleum, a wholly owned subsidiary of the Korean National Oil Company. The
well is operated through AGR, a well management company.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration and
production 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 and the Company's website referenced in this news release
contain forward looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding Hyperdynamics Corporation's
future plans and expected performance that are based on assumptions the
Company believes to be reasonable. Statements preceded by, followed by or
that otherwise include the words "believes", "expects", "anticipates",
"intends", "projects", "estimates", "plans", "may increase", "may result",
"will result", "may fluctuate" and similar expressions or future or
conditional verbs such as "will", "should", "would", "may" and "could" are
generally forward-looking in nature and not historical facts. A number of
risks and uncertainties could cause actual results to differ materially from
these statements, including without limitation, funding and exploration
efforts, fluctuations in oil and gas prices and other risk factors described
from time to time in the Company's reports filed with the SEC, including the
Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011.
The Company undertakes no obligation to publicly update these forward looking
statements to reflect events or circumstances that occur after the issuance
of this news release or to reflect any change in the Company's expectations
with respect to these forward looking statements.
HDY-IR
Contacts:Dennard Rupp Gray & Lascar, LLCKen Dennard, Managing Partner Jack
Lascar, Partner(713) 529-6600Anne Pearson, Sr. Vice President(210) 408-6321
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