Hyperdynamics’ Executives to Attend 15th Africa Oil Week in Cape Town, South Africa
Hyperdynamics Corporation (AMEX:HDY) announced today that top executives from the Company are attending the 15th Africa Oil Week being held next week in Cape Town, South Africa. This is Africa’s premier international event operated by Global Pacific and Partners. It is the world’s largest and most significant exploration and development event on Africa for the global oil exploration and gas-LNG industry. The event will be attended by top executives of independent, major, and national oil companies providing a forum for extended and new joint venture potentials.
With the interpretation of its 2008 2-D seismic completed, the Company has opened its data room up for review by interested potential partners with which they have confidentiality agreements. There is no doubt that Hyperdynamics is moving forward, offering working interest in its 31,000 square mile exclusive petroleum exploration and exploitation contract area offshore the Republic of Guinea, West Africa. On September 9th the Company announced that it had recently presented to four different independent exploration and production companies, three national oil companies (NOCs), and two potential financial partner firms. Hyperdynamics is continuing to follow up with over two dozen potential partners so far that have expressed serious interest in participation. This trip to Cape Town is a continued part of this process.
When asked to comment, James Spear, the Company’s Executive Vice President of Exploration and Production said, “We will provide a technical update to shareholders next week regarding our 2008 work program that is now supporting our joint venture partnering focus. We have greatly embellished our body of information for our presentations and have accumulated a repertoire of prospects with high technical merit. Based on this we have been encouraged by the expression of sincere interest from companies considering joining our exploration efforts in our extensive contract area offshore Guinea.”
The Company asks its shareholders to stay abreast of the Company’s news and filings with the SEC.
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 the corporate 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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