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Hyperdynamics and SAPETRO Provide Operations Update on Preparations for Spudding Fatala-1 Well

HOUSTON, June 26, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) ("the Company") today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), and South Atlantic Petroleum ("SAPETRO") are proceeding with the preparation to spud the Fatala-1 well.

The key events include:

"We are very pleased with the preparation for the drilling of Fatala -1 and with the performance of the contractors. All the elements needed for the spudding of an ultra-deepwater well in a frontier location are coming together nicely," said Ray Leonard, Hyperdynamics' President and Chief Executive Officer.

"Concurrently our geological team in Houston has made further progress evaluating the prospects of the Bamboo area and identified a location for the second well. Both geological and operational progress is going to be reviewed in detail during the upcoming meeting to be held with partners and ONAP in Conakry 12-13 July," explained Mr. Leonard.

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.

About SAPETRO

SAPETRO is an African focused privately held oil & gas exploration, production and investments company with portfolio of high-quality assets in West and East Africa. To find more about SAPETRO, visit their website at www.sapetro.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

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hyperdynamics-and-sapetro-provide-operations-update-on-preparations-for-spudding-fatala-1-well-300479411.html

SOURCE Hyperdynamics

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