Hyperdynamics Seals Drilling Contract with Jasper Drilling for Operations Offshore Guinea

AGR Petroleum Services today signed a drilling contract, on behalf of Hyperdynamics Corporation , with Jasper Drilling Private Limited of Singapore to contract the drill ship Jasper Explorer for drilling in Hyperdynamics’ concession offshore the Republic of Guinea.

The Jasper Explorer is a modern Pelican Class self-propelled drill ship capable of operating in water depths up to 5,000 feet.

“The conclusion of a drilling contract with Jasper Drilling Private Limited is a crucial step in preparations for our drilling campaign. We are on track to spud the first well in the fourth quarter of this year offshore Guinea,” said Ray Leonard, Hyperdynamics president and chief executive officer.

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:PRNewseire , May 18, 2011; Image:Jasper