Hyperdynamics Provides Update on Drilling Status of Fatala-1 Well Offshore Guinea

PR Newswire

HOUSTON, Aug. 25, 2017

HOUSTON, Aug. 25, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today provided an additional update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea.

• After placing the 36-inch conductor casing into the sea floor, the 26" hole was drilled to 3,829 meters below sea level, the 20-inch surface casing was run and cemented into place at a depth of 3,820 meters below sea level, or 923 meters below sea bottom. We successfully achieved a casing installation of less than one degree off vertical inclination, providing a safe and solid foundation for the installation of the blowout preventer (BOP).
• The BOP stack was successfully surface tested, connected to the lower marine riser package and the first joints of the drilling riser, then run through to the sea bottom; all control systems were tested and are fully functioning.
• The BOP stack has been lowered onto the sea floor, latched onto the 20-inch wellhead housing and will be pressure and function tested before drilling out the 20-inch casing shoe.
• The casing shoe will be leak tested to verify that the cement has been solidly set within the formation.   
• This will be followed by drilling the 17½ inch hole to an estimated depth of 1,678 meters below sea bottom, where the 13-3/8-inch casing will be set above the potentially hydrocarbon-bearing intervals at a depth of approximately 1,980 meters below sea bottom.

"I'm pleased to report that we are nearly finished with the top portion of the Fatala-1 well, which is the most difficult and exacting portion of the well at this extreme water depth," said Ray Leonard, President and Chief Executive Officer of Hyperdynamics.

"In the final drilling stage, we will drill the 12-1/4 inch hole through the interval that we believe holds the potential for a world-class hydrocarbon discovery," he said.

Hyperdynamics is the operator and a 50-50 partner in this exploration project with SAPETRO, an African focused privately held oil and gas exploration and production company with a portfolio of high-quality assets in West and East Africa.

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.

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

 

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SOURCE Hyperdynamics