Hyperdynamics Corporation has filed form 8-K disclosing that Mr. James (Jim) R. Spear, Vice President of Exploration and Production, has been appointed as an Executive Officer. Mr. Spear originally joined the company on November 1, 2007 as the Vice President of Exploration and Chief Geophysicist for SCS Corporation (SCS), the Company's wholly owned subsidiary. SCS owns the largest oil and gas concession with the largest shelf/slope area along the West African coast. Since his tenure began, Mr. Spear has been re-appointed as the Vice President of Exploration and Production for both SCS and Hyperdynamics Corporation. More information can be obtained by reading the form 8-K filed yesterday with the Securities and Exchange Commission.
Kent Watts, the Company's Chief Executive, stated, "Jim has taken ownership of our most important technical objectives to explore our most significant oil and gas asset offshore Guinea. His raw ability, experience, and determination have provided our organization a major jolt of technical confidence. He is currently with our team in Guinea, maintaining a detail-oriented, hands-on approach that is critical for quality exploration work. At the same time, he is continuing to build a formidable in-house exploration team. I truly enjoy working with someone that shares my intense resolve to make a world-class discovery for Guinea and for our shareholders."
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