Guinea

SAPETRO has a 50% interest in a Production Sharing Contract for an oil and gas exploration asset offshore Republic Guinea, in partnership with SCS Corporation Ltd (SCS), a wholly owned subsidiary of Hyperdynamics Corporation.

The Contract Area, covering approximately 5,000 km², is one of the largest exploration concessions in West Africa. Extensive technical studies of the area have been conducted, including 17,800 km of 2D seismic and 7,635 km² of 3D seismic in five separate surveys covering both shallower and deep water portions of the concession, with multiple plays, leads and prospects having been identified.

SAPETRO and SCS have commenced the drilling operations for a deep-water exploration well at Fatala turbidite fan prospect.