Guinea: Hyperdynamics prepares for last-ditch well

Hyperdynamics is preparing to drill a well on the Fatala prospect but concedes “it’s hard to see a path forward” if it fails to find hydrocarbons. “We’ve put everything into this one well, we’ve put all the risk factors we can into it, so we think this is a pretty good chance of success. If the well does not come in, it’s hard to see a path forward, but it’s a five to ten times upside if it does come in, so that’s the risk/reward,” president and chief executive Ray Leonard told the Oil Capital conference in London on 11 May.