HOUSTON, Aug. 30, 2017 /PRNewswire/ -- Hyperdynamics
Corporation (OTCQX: HDYN) today provided an additional update on
the drilling status on the Fatala-1 exploration well offshore the
Republic of Guinea.
- The 17½ inch hole was drilled from 4,270 meters down to 4,565
meters total depth, or about 1,675 meters below mudline as of late
Tuesday. Measurement While Drilling logs and cuttings samples
confirmed the accuracy of the geologic model used as the basis for
the well prognosis.
- The wellbore was circulated clean of drilled cuttings and the
drill string pulled out of the hole in preparation for running and
setting the 13-3/8" casing at 4,550 meters. This will be the
final string of casing set before drilling the potentially
hydrocarbon-bearing interval at a planned depth of approximately
4,900 meters.
- The additional drilled section of 4,270-4,565 meters
encountered an average of 1.4% (range 0.8-2.0%) background gas
compared to 0.45% (range 0.3-0.6%), or approximately 300% of the
equivalent section of the nearby Sabu 1 well further supporting the
geophysical interpretation of the gas cloud over the prospect.
"Drilling is progressing very well and the drillship, drilling
management team and support systems continue to function above
expectations," said Ray Leonard,
President and Chief Executive Officer of Hyperdynamics. "In
the final drilling stage, we will drill the 12-1/4 inch hole
through the interval that we believe holds the potential for a
world-class hydrocarbon discovery."
Hyperdynamics is the operator and a 50-50 partner in this
exploration project with SAPETRO, an African focused privately held
oil and gas exploration and production company with a portfolio of
high-quality assets in West and East
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.
Forward Looking Statements
This News Release contains "forward-looking statements" within
the meaning of Section 27 A of the Securities Act of 1933, as
amended, and Section 21 E of the Securities Exchange Act of 1934,
as amended. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, expectations,
future events or performance and underlying assumptions and other
statements which are other than statements of historical facts.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may," "will," "expect,"
"plan," "project," "anticipate," "estimate," "believe," or "
think." Forward-looking statements involve risks and uncertainties
which could cause actual results or outcomes to differ materially
from those expressed in the forward-looking statements. We assume
no duty to update or revise our forward-looking statements based on
changes in plans or expectations or otherwise.
Contacts:
Ray Leonard
President and Chief Executive Officer
713-353-9445
Anne Pearson / Jack Lascar
Dennard-Lascar Associates
713-529-6600
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SOURCE Hyperdynamics