Company gearing up to interpret 3D seismic results, select initial exploratory drilling sites, establish in-country facilities and logistics in Republic of Guinea
HOUSTON, Oct. 6 /PRNewswire-FirstCall/ — Hyperdynamics Corporation (NYSE Amex: HDY) announced today the addition of three key technical and operational staff members: Kenneth A. Nibbelink was named Chief Geologist, Donald E. Rice was appointed Senior Geophysicist, and Dennis Morton has joined the company as Operations Manager, based in Conakry, Republic of Guinea.
“As we are beginning to receive data from the ongoing 3D seismic survey of our oil and gas concession in Guinea, there is a tremendous amount of work to be done in monitoring the processing of the raw data and interpreting that data,” said Ray Leonard, Hyperdynamics’ President and Chief Executive Officer.
“Ken and Don have extensive experience in the Atlantic margin and in West Africa in particular, and they were key players in many international discoveries. They will work under Exploration VP Steve Barrett as we formulate our initial drilling program offshore Guinea,” he said.
“Although our first well is not planned to be drilled until late next year, we must begin laying the groundwork in Guinea for procuring critical support items such as warehouses and storage yards, helicopter transportation services, construction contracting, materials and equipment purchasing, general logistics and training of workers,” Leonard added.
“Dennis has 11 years of experience managing international projects in Tunisia, Gabon, India, Syria and Equatorial Guinea. Working under our VP of Operations, Mike Palmer, Dennis will be responsible for establishing working commercial relationships in-country with our future suppliers and workers. In addition to organizing the logistics, he will also train our local staff to handle the many tasks that need to be done for this drilling program, with a goal of creating new jobs in Guinea, rather than importing expatriates,” Leonard said.