Hyperdynamics to complete seismic process offshore Guinea

Hyperdynamics Corporation, which is currently exploring offshore Republic of Guinea, hopes to complete the seismic process offshore Guinea by the end of this month.

The Company’s geoscientists are now set to extensively interpret this new data.

The preliminary brute stacks of this new 2008 2-D data were used by Mr. Jim Spear, EVP of Exploration and Production and Mr. Jeffrey Sprain, Exploration Manager, in the last month to confirm many giant structural and stratigraphic targets along the Transform Margin running through the Company’s concession.

These targets are in excess of 10 kilometers along strike and some have potential for oil columns in excess of 1,000 feet.

Many of these targets have already been preliminarily laid out into 3-D acquisition grids.

The completion of the 2-D interpretation will provide the final basis for the Company’s upcoming 3-D survey.

Executives are now travelling and have scheduled meetings with drilling contractors, and potential Joint Venture Partners in the UK.

Since its work began in 2002 the Company has disclosed much information about the potential for offshore Guinea to hold world class reserves.

In the last few years, over 40 discoveries have been reported along the transform margin of West Africa from as far south as Benin and moving north through Togo, Ghana, Ivory Coast and Liberia.