The Company has drilled twelve wells to date. All of the wells drilled have encountered multiple pay zones and will all be completed and produced. Construction of production infrastructure is underway so that production can be maximized. HYD Resources plans are to develop and produce low volume shallow production wells that they can drill, develop and operate with our own in house crews and equipment.
Mr. Kent Watts, Chairman and CEO of Hyperdynamics, stated, "We have been encouraged from the report of 1.4 million barrels in place and from finding oil and gas in every well that we have drilled so far in LaSalle Parish. In addition to this, our geologists are updating their previous study and we are expecting at least another four new zones to be added to their study. As a result, we are now upping our program to drill at least 75 wells in this area."
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