Market Overview

Hyperdynamics Resumes Drilling Offshore Guinea

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Hyperdynamics Corporation (NYSE: HDY) today announced it resumed drilling operations on the Sabu-1 exploration well on January 29th in its concession offshore the Republic of Guinea in West Africa.

Drilling recommenced from a point 2,304 meters subsea. The well is expected to encounter prospective upper Cretaceous sandstone reservoirs while drilling to a total subsea depth of 3,600 meters.

Hyperdynamics operates the Guinea concession with a 77 percent participating interest, with the remaining 23 percent held by Aberdeen-based Dana Petroleum. The well is operated through AGR, a well management company.

Posted-In: News Global

 

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