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HDY AT A GLANCE
Hyperdynamics was founded in 1996 and is traded on the American Stock Exchange under the symbol HDY. The company is based in Sugar Land, Texas, near Houston.
Hyperdynamics is banking on large deposits of oil and gas on the west coast of Africa, specifically offshore oil from the Republic of Guinea. They have the largest exploration rights in the region.
The company website states: "Hyperdynamics is committed to providing energy for the future by exploring for new sources of oil and gas both domestically and internationally. The company currently is exploring offshore in the Republic of Guinea and holds the largest exploration license in West Africa, covering 31,000 square miles."
[edit] Management Team
- Kent P. Watts, Chairman and Chief Executive Officer
- Harry James Briers, Executive Vice President and Director
- Steven Plumb, Chief Financial Officer
- Famourou Kourouma, Vice President of Guinea Affairs
- Sarah Berel-Harrop, Corporate Secretary
[edit] West Africa Operations
- Largest offshore exploration acreage position in West Africa through its subsidiary, SCS Corporation
- 31,000 square mile contract area offshore Republic of Guinea in 2002.
- Acquired an additional 5,000 km of new 2D seismic.
[edit] U.S. Domestic Operations
- Conducted through HYD Resources Corporation ("HYDR")
- Shallow oil production in central and northeast Louisiana
- Goals are to increase production from existing properties through well workovers, re-entries, and recompletions.
[edit] References
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