HOUSTON, Aug. 14, 2017 : Hyperdynamics Corporation (OTCQX: HDYN) today provided an update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea as it nears completion of the initial portion of the well.
"Since the drillship arrived on location we have completed the project mobilization effort and successfully set the 36-inch conductor casing into the seabed in 2,897 meters of water depth. As of 6 a.m. CT today, the hole for the surface casing has been drilled 723 meters to a depth of 3,620 meters. We are preparing to set the 20-inch casing when we have drilled to a depth of 3,814 meters," said Ray Leonard, President and Chief Executive Officer of Hyperdynamics.
"We are very excited to begin exploring the high-potential Fatala deep water prospect. We believe this exploration campaign has the potential to unlock significant value for our company and our shareholders," Mr. Leonard added.
Hyperdynamics is 50-50 partners 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.
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