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Hyperdynamics Announces Giant Structures Offshore Guinea

04-28-2008

Hyperdynamics 2-D data acquisition offshore Guinea has confirmed large, deep structural traps in the Lower Cretaceous section in the West African oil and gas concession.

The company had earlier identified a structure 16 kilometers (9.9 miles) across, and has now delineated an adjacent structure that is estimated to be 17 kilometers (10.5 miles) long and eight kilometers (4.9 miles) wide. Hyperdynamics expects to identify more new leads as the data acquisition continues, pointing to the similarity between targeted areas and structures along the West African coast where other operators have made discoveries.

Hyperdynamics plans to expand on the 2-D data acquisition with the first 3-D seismic information gathered offshore Guinea later this year.