Hyperdynamics Corporation's, subsidiary SCS Corp., has requested a drilling permit on June 27, 2005, for 4 separate locations offshore the Republic of Guinea, West Africa. The request will permit the Drilling of 4 exploratory wells in water depths ranging from 100 feet to 600 feet. The target zones will be between 1500 and 2800 meters. The permits request drilling date between November 2005 and December 2006.
When asked to comment, Neil Moore, president for SCS, stated, "There are two targets in shallow water that are primarily gas at a drilling depth of 1500 meters. There are also two targets in slightly deeper water at 2800 meters that are potentially both oil and gas. The oil and gas is of extreme interest to the country considering The Republic of Guinea has some of the richest mineral deposits in the world but has no energy onshore. A major find of energy offshore would have a very positive impact on the people of Guinea." We look forward to this wonderful opportunity to play a part in the energy development of their country.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,