HOUSTON, Aug. 30, 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.
- The 17½ inch hole was drilled from 4,270 meters down to 4,565 meters total depth, or about 1,675 meters below mudline as of late Tuesday. Measurement While Drilling logs and cuttings samples confirmed the accuracy of the geologic model used as the basis for the well prognosis.
- The wellbore was circulated clean of drilled cuttings and the drill string pulled out of the hole in preparation for running and setting the 13-3/8" casing at 4,550 meters. This will be the final string of casing set before drilling the potentially hydrocarbon-bearing interval at a planned depth of approximately 4,900 meters.
- The additional drilled section of 4,270-4,565 meters encountered an average of 1.4% (range 0.8-2.0%) background gas compared to 0.45% (range 0.3-0.6%), or approximately 300% of the equivalent section of the nearby Sabu 1 well further supporting the geophysical interpretation of the gas cloud over the prospect.
"Drilling is progressing very well and the drillship, drilling management team and support systems continue to function above expectations," 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."
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.
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
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President and Chief Executive Officer
Anne Pearson / Jack Lascar