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June 2004
Seeps to Be Tested for
Hydrocarbon Content
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
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