Hyperdynamics

Hyperdynamics said that drilling of its Fatala-1 exploration well offshore the Republic of Guinea has proceeded successfully, with completion of the initial portion of the well anticipated soon. Company officials said a 36-in. conductor casing was set into the seabed at a water depth of 2897 m. As of the last week of August, the hole for the surface casing had been drilled 723 m to a water depth of 3620 m. The goal is to set a 20-in. casing once drilling to a depth of 3814 m has been accomplished. The company holds a 50% interest in the Fatala-1 venture with South Atlantic Petroleum, a privately-held exploration and production company focused on African assets.


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