HyperDynamics' SCS Continues to Build Its Exploration Team; Dr. Tai-Lin Hong Named as Chief Geophysicist.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 25, 2004 HyperDynamics Corporation (OTCBB OTCBB See OTC Bulletin Board (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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. and Developed 3D seismic modeling and ray tracing A rendering method that simulates light reflections, refractions and shadows. It follows a light path from a specific source and computes each pixel in the image to simulate the effect of the light. It is a very process-intensive operation. See reflection mapping and radiosity. methods regarding elastic wave An elastic wave is a type of mechanical wave that propagates in elastic or viscoelastic materials. The elasticity of the material provides the restoring force of the wave. When they occur in the Earth as the result of an earthquake or other disturbance, elastic waves are usually 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 li·thol·o·gy n. 1. The gross physical character of a rock or rock formation. 2. The microscopic study, description, and classification of rock. 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:
--------------------------------
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 (company) Integrated Information Technology - (IIT) A Santa Clara based company producing a programmable, single chip H.261 and MPEG system. The chip contains a RISC processor, originally based on the MIPS architecture but now called RISCit, and a "Pixel Processor". services. HyperDynamics' wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , 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 The continent of Africa can be conceptually subdivided into a number of regions or subregions. Directional approach One common approach categorises Africa directionally, e.g. for energy production. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion