Hyperdynamics Corporation announced today that Dr. Tai-Lin Hong has been contracted to enhance its core geoscience team working on the Republic of Guinea offshore exploration project. Dr. Hong has extensive experience on exploration teams at Exxon Production Research Company, British Petroleum Company, and Unocal. Dr. Hong will perform scientific analysis including velocity picking, AVO analysis, and post and pre-stack depth migration processing.
Since October 2007, Hyperdynamics has hired key technical staff led by the Executive Vice President of Exploration and Production, Mr. James Spear. The team includes Exploration Manager Mr. Jeffrey Sprain and Dr. Olufemi Babalola, the Company's Manager of Petroleum Development and Chief Geophysicist. Now Dr. Tai-Lin Hong has been formally engaged as an Analysis Specialist and Senior Consulting Geophysicist.
When asked to comment, James Spear stated, "The addition of Dr. Hong and his skillset helps round out our remarkably talented exploration staff. Our team has over 120 years of international experience. As individuals, we possess a long list of successfully drilled wells. I am looking forward to what we can accomplish together as a team."
Dr. Hong, who has previously worked on the Guinea offshore project, brings continuity to the exploration process. In recent months he has helped to update Hyperdynamics' geoscience team on in-depth analyses he performed on our 2002 and 2003 vintage 2-D seismic data. His work has been and will remain instrumental to obtain a clear understanding of the geophysics as they relate to the developing drilling prospects within the concession. Additionally, Dr. Hong is a professional sounding board for the Company's processing and interpretation of its 2-D and scheduled 3-D seismic data.
When asked to comment Dr. Hong stated, "I am extremely happy to join the Hyperdynamics team once again. In the past, I have seen and been able to help substantiate strong evidence for the existence of hydrocarbons offshore Guinea. Working together with our geoscience team, led by Jim Spear, I believe my original vision to see Hyperdynamics grow into a much larger oil company is alive and well. We are together working to establish our data room now and are looking forward to many exciting presentations and evaluations of the portfolio of prospects that we are delineating. I believe it is quite rare and significant that we are building this unique portfolio of prospects which each have the potential to hold world class reserves. I see major success on the horizon and feel fortunate to be a part of the team."
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