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Hyperdynamics Resumes Drilling Offshore Guinea

HOUSTON, Jan. 30, 2012 /PRNewswire/ -- 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.

About Hyperdynamics

Hyperdynamics is an emerging independent oil and gas exploration and production 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.

Forward Looking Statements

This news release and the Company's website referenced in this news release contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Hyperdynamics Corporation's future plans and expected performance that are based on assumptions the Company believes to be reasonable. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", "may increase", "may result", "will result", "may fluctuate" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. A number of risks and uncertainties could cause actual results to differ materially from these statements, including without limitation, funding and exploration efforts, fluctuations in oil and gas prices and other risk factors described from time to time in the Company's reports filed with the SEC, including the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2011. The Company undertakes no obligation to publicly update these forward looking statements to reflect events or circumstances that occur after the issuance of this news release or to reflect any change in the Company's expectations with respect to these forward looking statements.

HDY-IR

Contacts:

Dennard Rupp Gray & Lascar, LLC

 

Ken Dennard, Managing Partner

 

Jack Lascar, Partner

 

(713) 529-6600

 

Anne Pearson, Sr. Vice President

 

(210) 408-6321

 

SOURCE Hyperdynamics Corporation

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