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    Hyperdynamics to undertake 3D seismic survey offshore Guinea

    Projects and Operations // August 16, 2010

    Hyperdynamics Corporation says it recently celebrated the departure from the Port of Conakry - Guinea's capital - of the seismic vessel Ramform Challenger, which is scheduled to shoot a 3D seismic programme on the company's oil and gas exploration concession area.

    Hyperdynamics operates the block with a 77 percent participating interest, with the remaining 23 percent held by Aberdeen-based Dana Petroleum plc.

    The company said the vessel was quikcly preparing to deploy offshore to begin conducting a 3,635 square km 3D seismic survey for Hyperdynamics.

    This is the first 3D survey to be acquired offshore Guinea. The seismic data will be acquired over two separate portions of the contract area that were identified as being the most prospective based on results from earlier 2D survey work.

    "The 3D survey represents the final step in our technical programme to acquire the detailed images of the prospects we need to select the location for our first exploration well to be drilled in late 2011," said Hyperdynamics' President and CEO Ray Leonard.

    "We believe these blocks hold the potential for world-class oil discoveries."


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