Hyperdynamics Corporation is an emerging Houston-based oil and gas exploration and production company with assets in Northwest Africa. Our strategy is to build shareholder value through exploration and production activities on a highly prospective contract area offshore Republic of Guinea. The company expects to mitigate risk and increase its financial flexibility by attracting other participants to its Production Sharing Contract (PSC), in addition to U.K.-based Dana Petroleum, which has extensive experience in West Africa and became a PSC participant in January 2010. The company completed a 3-D seismic study over a 3635 square kilometer portion of the block and is reviewing the final processed data to determine final well locations for the drilling program to begin in the fourth quarter of 2011 with the Jasper Explorer Drillship.

Hyperdynamics continues to seek qualified third parties that can bring significant expertise in West Africa to assist in the exploration and development of its asset in the Republic of Guinea as well as exploring  potential opportunities for diversification.