AGR to Manage Exploration Drilling Offshore The Republic of Guinea

Hyperdynamics Corporation announced that it signed a contract with AGR Peak Well Management Limited, based in Aberdeen, Scotland, to manage its exploration drilling project offshore the Republic of Guinea.

AGR will handle well construction project management services, including logistics, tendering for materials and services, as well as overall management responsibilities for the drilling program. Initial exploration drilling is scheduled for the fourth quarter of 2011.

AGR was selected following a competitive technical and commercial review. “We are very pleased at the response we received from several world-class companies to manage our drilling project,” said Ray Leonard, the President and Chief Executive Officer of Hyperdynamics. “AGR was chosen due to their extensive experience in West Africa and proven ability to manage projects of this scope and magnitude in a safe, efficient and cost-effective manner.”

About Hyperdynamics

Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa.

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Source: Hyperdynamics, November 30, 2010;