Continental Focus, International Reach

HyperD Guinea Resources Upgraded

Wednesday, September 28, 2016

Hyperdynamics received an updated exploration risk assessment of its top two drilling prospects offshore Guinea that materially increases the probability of exploration success for both.

The improved risk assessment follows the reprocessing of 3D seismic data by specialty processor eSeis, Ince. covering Fatala-1 and Buried Hill 1 deepwater prospects offshore Guinea using a more advanced technology that produced clearer images of the geologic characteristics of the projects.

Based on this enhanced imaging, Netherland, Sewell, & Associates, Inc. (NSAI) upgraded its opinion of the probability of success for the Fatala 1 prospect from 25% to 31%, and it increased the probability of success for the Buried Hill 1 prospect from 20% to 24%.

Using standard industry methodology, NSAI noted that both prospects represent “low risk exploration.”

NSAI’s former estimate dated April 2016 of the prospective resource potential of all drilling prospects and leads in Hyperdynamics’ 5,000 sq km concession area, estimates the presence of 4.8 billion barrels of recoverable hydrocarbon resources. This includes more than 2 billion barrels of recoverable resources in prospects with a 20% chance of success or higher.


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