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West Africa Operations
 

Hyperdynamics holds one of the largest offshore exploration acreage positions (originally 31,000 square miles) in West Africa. The Company began its exploration by studying the historical seismic covering its contract area offshore the Republic of Guinea in 2002. It has since acquired 17,800 km of 2D seismic, conducted a geochemical drop core survey, performed a remote sensing satellite study for oil seeps and conducted an independent integrated interpretation of the data. The Company relinquished a portion of its initial acreage in December 2009, and is presently focused on exploring its remaining 25,000 square kilometers.

On January 28, 2010 the Company farmed out 23% of its participating interest to Dana Petroleum plc.

Hyperdynamics conducted a 3,635 square kilometer 3-D seismic survey with Petroleum Geo Services beginning in the third quarter of 2010 and received the final processed data in the second quarter of 2011.  Hyperdynamics is using the processed 3-D in selecting well locations in preparation to drill its first well in the fourth quarter of 2011 with the Jasper Explorer Drillship.


 


 
 
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