Hyperdynamics Spuds First Exploration Well Offshore Guinea

Hyperdynamics has commenced exploratory drilling on the Sabu-1 well. The well is being drilled by the Jasper Explorer drillship in a water depth of 2,297 feet (700 meters).

The target of the well is a four-way anticline oil prospect with upper Cretaceous sands with total well depth estimated at 11,811 feet (3,600 meters). Sabu-1 is the first of two exploration wells planned for drilling in 2011 in the Guinea concession. The second well, Baraka-1 should commence drilling immediately after Sabu-1 is completed.

Hyperdynamics operates the concession with a 77% interest, while Dana Petroleum holds the remaining 23% interest. 

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