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When asked to comment, Kent Watts, CEO for Hyperdynamics, stated, "It's a nice surprise to see our oil-in-place estimates grow this significantly above our original expectations. After completion of the 3D seismic survey, Ivanhoe, as operator, plans to drill additional delineation wells to prove up oil-in-place reserves and commerciality of a full steam injection ( nbsp;of oil-in-place under approximately 450 acres of the 7,500 acre lease. |
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