Hyperdynamics Boat for Conducting Oil Exploration Arrives in Guinea – PM Jean-Marie Dore There to Receive It
Guinea receives research boat from U. S. company
Friday, August 06, 2010 4:46 AM
CONAKRY, Aug. 6, 2010 (Xinhua News Agency) — Guinean Prime Minister Jean-Marie Dore received a research boat for oil exploration from the U. S.- listed Hyperdynamics Corp (AMEX:HDY) on Thursday.
The Ramform Challenger valued at 25 million U. S. dollars will be used as a vessel for geophysical researches in an area of 3, 500 square km off the Atlantic city of Conakry.
At the hand-over ceremony, an official in charge of the research program said the Ramform Challenger and its accompanying ships will work for three years in exploration along the coasts of Guinea.
This would be the second research phase after the first, which permitted the exploration of 17,000 square km.
With enthusiasm, Dore received the boat which would mark a step forward to the exploration of the long-anticipated oil reserves in Guinea.
“We will be respected, because we will have dollars to be generated from Guinean oil,” Dore told the ceremony.
The Guinean government and Hyperdynamics signed a contract on the researches in September 2006.