HOUSTON, Feb. 20, 2014 /PRNewswire/ -- Ray Leonard, President and Chief Executive Officer of Hyperdynamics Corporation (NYSE: HDY) on Wednesday discussed new trends in oil exploration in Sub-Saharan Africa in an address to the Council on Foreign Relations in Washington, D.C.
Leonard's talk, entitled "Africa in a New Oil World: the Game has Changed, but How?" describes the developing shift in Africa during the 2000-2030 period from production in the low cost onshore and shallow water basins in Southwest Africa to high cost deep-water plays in Southwest Africa and the deep-water Transform Margin of northwest Africa and the developing oil province in the East African Rifts. The presentation also summarizes the overall world production trend shifting from predominantly low cost conventional oil production to a rapidly increasing share of high cost deep-water and unconventional production during the 2000-2030 period.
An abstract of his talk, along with an accompanying slide presentation, is available in the Investor Relations section of Hyperdynamics' website at www.hyperdynamics.com under Events and Presentations.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.
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Contacts:
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Dennard ▪ Lascar Associates
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Jack Lascar, Managing Partner
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(713) 529-6600
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Anne Pearson, Sr. Vice President
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(210) 408-6321
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SOURCE Hyperdynamics
