Hyperdynamics Corporation announces that its wholly owned subsidiary has engaged Mr. James R. Spear as a new Vice President and Chief Geophysicist. In a press announcement on October 17th a board level decision was revealed with a strategy to bring its core exploration talent in-house and to build world renowned oil and gas exploration experience from the board of directors on down.
When asked to comment, Mr. Spear stated, "Hyperdynamics' exploration efforts offshore Guinea present a unique opportunity to apply my geological and geophysical expertise. The Republic of Guinea offshore represents one of the few unexplored shelf areas remaining in the world today. Over my career I have been part of many successful exploration efforts with both majors and independents alike. These efforts resulted in major discoveries."
Kent Watts, Hyperdynamics' Chief Executive commented that, "Jim is unique in that he has worked successfully in 42 major hydrocarbon basins around the world. His depth of experience is what we have been looking for. He represents someone that rolls his sleeves up and gets the job done. Jim is the type of executive that will fly to the drilling rig to be sure the well is successfully drilled and completed. We are very pleased to have him as a key member of our exploration management team. Working closely with Jim, the shareholders can expect regular technical updates as our exploration efforts advance."