HOUSTON–(BUSINESS WIRE)–June 17, 2004–SCS Corp., the energy subsidiary of Hyperdynamics Corp. (OTCBB: HYPD – News), announced today that it had reached an agreement with TDI-Brooks International to conduct the geochemical program to be conducted in its concession off the coast of West Africa. The details of the study were first announced in a press release on April 21, 2004. The program is scheduled to be completed by late summer.
Neil Moore, president of SCS Corp., stated, “Geochemical core sampling is an important process in exploring for oil and gas offshore. Such sampling is popular today when seismic shows that deep seated faults reach the surface. The detection and analysis of hydrocarbons in the core samples taken on the sea floor narrows the exploration effort to subsurface locations where oil and gas is present. In our own Gulf of Mexico, nearly 100,000 wells are successfully producing today along trends which nicely fit geochemical work that I conducted for a number of producing companies during the 1970s.” Moore went on to say, “SCS current seismic exploration offshore Guinea has already located over 100 seeps along fault trends.The current geochemical sampling program is expected to identify the hydrocarbon types present in those seeps.”
The company’s plan includes acquiring samples from the sea floor where the best trends appear to be developing. It is expected that the results of this work will reveal natural gas and higher carbon content gases. Geoexperts believe that the higher carbon content gases have likely been dissolved in oil at great depths. The geochemical study will also seek to establish the existence of oil within the core samples. The samples will allow us to establish specific hydrocarbon signatures for typing and run carbon dating procedures to establish aging.
TDI-Brooks International was awarded the contract because of their experience in conducting offshore surface geochemical exploration (SGE) and heat flow programs for the world’s leading petroleum producers. TDI-Brooks has extensive experience in conducting offshore geotechnical coring/engineering programs, environmental assessments, site surveys and seabed surveys. About TDI-Brooks International TDI-Brooks International is the recognized leader in offshore surface geochemical exploration and heat flow measurement. Since 1996, TDI-Brooks has collected nearly 7,000 deep water piston core sediment samples and heat flow stations for every major oil company, in areas such as the Caribbean, the Gulf of Mexico, the Mediterranean, the North Atlantic and offshore West Africa. For more information on TDI-Brooks International, visit their Web site http://www.tdi-bi.com.
Hyperdynamics uses integrated information technology to help manage and invest in companies with substantial potential for growth. Hyperdynamics’ wholly owned oil and gas subsidiary, SCS Corp., owns rights to explore and exploit approximately 16 million acres of offshore territory off the coast of West Africa. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, and other risks detailed from time to time in the company filings with the SEC.
Contact: Hyperdynamics Corp.
Kent Watts, 713-353-9400 kent@hypd.com or
Stock Enterprises
Jim Stock, 702-274-5400 (Investor Relations) stockenter@aol.com
