Hyperdynamics Contracts TDI-Brooks for Oil Seeps Study Offshore the Republic of Guinea
06 October 2009 - 9:00PM
PR Newswire (US)
SUGAR LAND, Texas, Oct. 6 /PRNewswire-FirstCall/ -- Hyperdynamics
Corporation (NYSE Amex: HDY) today announced that it has contracted
TDI-Brooks International of Houston to conduct a comprehensive oil
seeps study of the company's 31,000-square-mile oil and gas
concession offshore Guinea. The sample collection is expected to
begin in mid-October. "We are conducting this study to survey known
sites of oil seepage in three areas of our concession," said Ray
Leonard, Hyperdynamics President and Chief Executive Officer. "We
also will be testing cores taken from previous years to
differentiate source rock ages ranging from possible Silurian,
Devonian, Jurassic, Early Cretaceous, to Barremian/Turonian rocks."
Hyperdynamics has contracted GeoMark Research, Ltd. to perform the
analytical work on the samples collected from both offshore and
onshore studies. About Hyperdynamics Hyperdynamics is committed to
providing energy for the future by exploring internationally for
new sources of oil and gas. It holds the largest exploration and
production license in West Africa in the Republic of Guinea
covering 31,000 square miles. To find out more, visit the corporate
website at http://www.hyperdynamics.com/. Forward Looking
Statements This news release and the Company's website referenced
in this news release contain forward looking statements as defined
by the U.S. Securities and Exchange Commission regarding
Hyperdynamics Corporation's future plans and expected performance
that are based on assumptions the Company believes to be
reasonable. 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. 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 & Easterly, LLC
Ken Dennard, Managing Partner Jack Lascar, Partner (713) 529-6600
Anne Pearson, Sr. Vice President (210) 408-6321 DATASOURCE:
Hyperdynamics Corporation CONTACT: Ken Dennard, Managing Partner,
or Jack Lascar, Partner, +1-713-529-6600, or Anne Pearson, Sr. Vice
President, +1-210-408-6321, all of Dennard Rupp Gray &
Easterly, LLC, for Hyperdynamics Corporation Web Site:
http://www.hyperdynamics.com/
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