Hyperdynamics Appoints VP of Exploration and Production As an Executive Officer
Hyperdynamics Corporation (AMEX:HDY) announced today that it has filed form 8-K disclosing that Mr. James (Jim) R. Spear, Vice President of Exploration and Production, has been appointed as an Executive Officer. Mr. Spear originally joined the company on November 1, 2007 as the Vice President of Exploration and Chief Geophysicist for SCS Corporation (SCS), the Company’s wholly owned subsidiary. SCS owns the largest oil and gas concession with the largest shelf/slope area along the West African coast. Since his tenure began, Mr. Spear has been re-appointed as the Vice President of Exploration and Production for both SCS and Hyperdynamics Corporation. More information can be obtained by reading the form 8-K filed yesterday with the Securities and Exchange Commission.
Kent Watts, the Company’s Chief Executive, stated, “Jim has taken ownership of our most important technical objectives to explore our most significant oil and gas asset offshore Guinea. His raw ability, experience, and determination have provided our organization a major jolt of technical confidence. He is currently with our team in Guinea, maintaining a detail-oriented, hands-on approach that is critical for quality exploration work. At the same time, he is continuing to build a formidable in-house exploration team. I truly enjoy working with someone that shares my intense resolve to make a world-class discovery for Guinea and for our shareholders.”
About Hyperdynamics
Hyperdynamics Corporation provides energy for the future by exploring and producing sources of energy worldwide. The company’s internationally active oil and gas subsidiary, SCS Corporation, owns rights to explore and exploit 31,000 square miles offshore the Republic of Guinea, West Africa. HYD Resources Corporation focuses on domestic production in proven areas. To find out more about Hyperdynamics Corporation, visit our Website at http://www.hyperdynamics.com.
Forward-Looking Statements
Statements in this news release are “forward-looking” as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially. Please refer to “Risk Factors” in the company’s Form 10-K filed with the SEC.
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