HyperDynamics' SCS Continues to Build Its Exploration Team; Dr. Tai-Lin Hong Named as Chief Geophysicist
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Wed Feb 25 09:00:00 2004 EST
HOUSTON, Feb 25, 2004 (BUSINESS WIRE) --
HyperDynamics Corporation
(OTCBB:HYPD) announced today that Dr. Tai-Lin Hong has recently been
hired by SCS Corporation to perform the function of Chief Geophysicist
for the Company's oil and gas exploration activities. He has extensive
experience on exploration teams of Exxon Production Research Company,
British Petroleum Company, and Unocal. One interesting fact regarding
the employment is that Dr. Hong requested that his total compensation
package be paid solely with the issuance of the Company's restricted
common stock.
When asked to comment, Dr. Hong stated, "I requested stock for my
compensation because I view this as a once in a lifetime opportunity.
In this last year of consulting with SCS, I have seen and been able to
help substantiate phenomenal evidence for the existence of
hydrocarbons offshore Guinea. Exciting is an understatement when you
realize that our seismic analyses are showing direct hydrocarbon
indicators all over the place. Numerous potential drilling targets are
emerging and we are just getting started." Hong further stated, "My
vision is to help build SCS into a large oil company. With the team we
have, and the evidence we are gathering, I truly believe that a major
success story is on the horizon."
Kent Watts, Chairman and CEO said, "We are truly fortunate to have
Dr. Hong's experience and pure enthusiasm added to our team. He
already has us constantly seeing new opportunities and is giving us a
broadened perspective towards our exploration efforts. It is very nice
to be working with such talented professionals that believe whole
heartedly in what they are working on."
About Dr. Tai-Lin Hong
Chief Geophysicist hired by SCS in February 2004. From 1978 until
1980, Hong worked at the California Institute of Technology and
Developed 3D seismic modeling and ray tracing methods regarding
elastic wave interference in complicated structures. Since 1980 Dr.
Hong has worked as a geophysicist for companies including Exxon
Production Research Company, British Petroleum Company and Unocal.
Beginning in 2000, Dr. Hong began consulting work including Regional
assessment using the Integrated Knowledge Base; Prospect evaluation
using the Seismic Lithology Workstation; and has personally developed
a Shear-Wave Interpretation System, a Linux-based Integrated Knowledge
Base; and a Seismic Lithology Workstation which together form his own
Geophysical Appraisal System. In 1970 and 1972, Dr. Hong earned a
Bachelor of Nuclear Engineering and a Masters of Nuclear Engineering
from Tsing-Hua University, Hsing-Chu; and he obtained a PhD of
Geophysics, in 1978 from the California Institute of Technology,
Pasadena.
Dr. Hong's publications include:
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Generalized Ray Theory for Dipping Structure
By Tai-Lin Hong and Donald Helmberger
Bulletin of the Seismological Society of America. Vol. 67, No. 4,
pp 995-1008. August 1977.
Elastic Wave Propagation In Irregular Structures
By Tai-Lin Hong
PhD Thesis, California Institute of Technology. May 1978
Glorified Optics and Wave Propagation in Non-planar Structure
By Tai-Lin Hong and Donald Helmberger
Bulletin of Siesmological Society of America. Vol. 68, No. 5,
pp 1313-1330. October 1978
About HyperDynamics
HyperDynamics is a provider of integrated information technology
services. HyperDynamics' wholly owned subsidiary, SCS Corporation,
develops geophysical data services for the oil and gas industry
including its integrated SCS NuData(SM) services while its number one
focused priority is exploring and developing new regions of Africa for
energy production. |
