HDYN - Hyperdynamics Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
0.0355
+0.0003 (+0.8523%)
At close: 3:21PM EST
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Previous Close0.0352
Open0.0000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0000 - 0.0000
52 Week Range
Volume0
Avg. Volume282,275
Market Cap1.263M
Beta3.39
PE Ratio (TTM)N/A
EPS (TTM)-1.0600
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.00
Trade prices are not sourced from all markets
  • PR Newswire3 months ago

    Hyperdynamics Files Schedule 14F-1 with respect to Closing of Stock Sale to CLNG Limited (Hong Kong)

    HOUSTON, Nov. 30, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company") today announced that it filed a Schedule 14F-1 regarding the proposed change of a majority of the directors of the Company with the SEC on November 28, 2017, and completed mailing it to common stockholders of record on November 29, 2017.  The Company previously announced that it entered into a $6 million definitive agreement with CLNG Limited (Hong Kong) ("CLNG") to issue and sell to CLNG or its affiliate 40 million common shares of Hyperdynamics at a price of $0.15 per share.  CLNG has informed us that it intends, as majority stockholder, to expand our Board of Directors to seven members and to appoint four directors who will form a majority of our Board. Under SEC Rule 14f-1, the closing and change of a majority of our directors cannot occur until the 10th day after we filed the Schedule 14F-1 with the SEC and transmitted it to all holders of record of our common stock.

  • PR Newswire4 months ago

    Hyperdynamics Signs Agreement to Sell 40 Million Shares of Common Stock to CLNG for $6 Million

    HOUSTON, Nov. 3, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company") today announced that it has entered into a $6 million definitive agreement to issue and sell 40 million common shares at a price of $0.15 per share to CLNG Limited (Hong Kong) ("CLNG") or its affiliate.  CLNG is a private investment company involved in global energy and mineral projects. The closing of the sale is subject to (i) the completion of satisfactory due diligence by each party of the other, (ii) waiver by holders of Hyperdynamics' Series A Convertible Preferred Stock of their right of first refusal, and (iii) satisfaction of other customary closing conditions. If this purchase is completed, CLNG will own approximately 53% of Hyperdynamics' outstanding common shares and will have the right to appoint representatives who will form a majority of Hyperdynamics' board of directors, but no specific agreement has yet been entered into in this respect.

  • PR Newswire5 months ago

    Hyperdynamics to Seek Two-Year Appraisal Period for Offshore Guinea Program

    HOUSTON, Sept. 21, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company"), today announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas Production Sharing Contract. "Based on further analysis of the results of the recently drilled Fatala-1 exploration well regarding the oil saturation calculation -- plus our internal review and the log analysis conducted by eSeis, an independent geophysical and petrophysical consultant -- we believe we have made a petroleum discovery that implies the presence of commercially exploitable resources as specifically defined in our Production Sharing Contract," said Ray Leonard, Hyperdynamics' President and Chief Executive Officer. "As a result, we are requesting a two-year appraisal period from the Government of Guinea.

  • PR Newswire5 months ago

    Hyperdynamics Provides Additional Results from Fatala-1 Exploration Well

    HOUSTON, Sept. 15, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company"), today provided additional results from its analysis of well logs from the Fatala-1 exploration well recently drilled offshore the Republic of Guinea in Northwest Africa. "Our immediate focus last week was a review of the Fatala-1 well log results from our targeted 75-meter-thick main channel, which unfortunately did not yield any oil shows above oil based mud signature while drilling or from an analysis of the cuttings taken from the well," said Ray Leonard, Hyperdynamics President and Chief Executive Officer. "These results are technical calculations, and the thickness, porosity and saturation characteristics from this zone does not by itself make Fatala a commercially developable project, but we believe it could be an encouraging sign for the hydrocarbon potential of the offshore Guinea shelf," he added.

  • PR Newswire6 months ago

    Hyperdynamics Announces Fatala-1 Exploration Well Did Not Encounter Hydrocarbons

    HOUSTON, Sept. 8, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company"), announced that the Fatala-1 exploration well drilled offshore the Republic of Guinea in Northwest Africa has reached its total drilling depth and did not encounter hydrocarbons. "We are very disappointed at the results of Fatala-1, considering the extremely promising geophysical data on the prospect," said Ray Leonard, Hyperdynamics' President and Chief Executive Officer. "Hyperdynamics and our 50% partner in the well, SAPETRO, currently hold rights to the Guinea concession through September 21, 2017.  In the very near future, we will be studying the results of the well and evaluating any future options we may have for further activity in Guinea.

  • PR Newswire6 months ago

    Hyperdynamics Announces Final Closing of the Common Stock and Warrants Offering

    HOUSTON, Sept. 7, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company"), announced the completion of a private placement offering (the "Offering") of Units of the Company's securities each consisting of (i) one share of the Company's common stock and (ii) a warrant to purchase three-quarters ( 3/4 ) of a share of the Company's common stock within two years at an exercise price of $1.825 per whole share. During the last two closings made September 1 and September 6, the Company closed on gross proceeds of $3,741,846.22 (before placement agent fees and expenses of the offering).

  • PR Newswire6 months ago

    Hyperdynamics Provides Latest Update on Drilling Status of Fatala-1 Well Offshore Guinea

    HOUSTON, Aug. 30, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today provided an additional update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea. The 17½ inch hole was drilled from 4,270 meters down to 4,565 meters total depth, or about 1,675 meters below mudline as of late Tuesday.  Measurement While Drilling logs and cuttings samples confirmed the accuracy of the geologic model used as the basis for the well prognosis. The wellbore was circulated clean of drilled cuttings and the drill string pulled out of the hole in preparation for running and setting the 13-3/8" casing at 4,550 meters.  This will be the final string of casing set before drilling the potentially hydrocarbon-bearing interval at a planned depth of approximately 4,900 meters.

  • PR Newswire6 months ago

    Hyperdynamics Provides New Update on Drilling Status of Fatala-1 Well Offshore Guinea

    HOUSTON, Aug. 28, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today provided an additional update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea. The BOP stack was lowered onto the sea floor and latched on to the 20-inch wellhead housing and was fully pressure and function tested before drilling out the 20-inch casing shoe. The casing shoe was drilled out and a formation integrity test was run.

  • PR Newswire6 months ago

    Hyperdynamics Provides Update on Drilling Status of Fatala-1 Well Offshore Guinea

    HOUSTON, Aug. 25, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today provided an additional update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea. After placing the 36-inch conductor casing into the sea floor, the 26" hole was drilled to 3,829 meters below sea level, the 20-inch surface casing was run and cemented into place at a depth of 3,820 meters below sea level, or 923 meters below sea bottom. The BOP stack has been lowered onto the sea floor, latched onto the 20-inch wellhead housing and will be pressure and function tested before drilling out the 20-inch casing shoe.

  • PR Newswire6 months ago

    Hyperdynamics Updates Drilling Status of Fatala-1 Well Offshore Guinea

    HOUSTON, Aug. 14, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today provided an update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea as it nears completion of the initial portion of the well. "Since the drillship arrived on location we have completed the project mobilization effort and successfully set the 36-inch conductor casing into the seabed in 2,897 meters of water depth.  As of 6 a.m. CT today, the hole for the surface casing has been drilled 723 meters to a depth of 3,620 meters. Hyperdynamics is 50-50 partners in this exploration project with SAPETRO, an African focused privately held oil and gas exploration and production company with a portfolio of high-quality assets in West and East Africa.

  • PR Newswire7 months ago

    Hyperdynamics Makes Final Preparations for Fatala-1 Exploration Well Offshore the Republic of Guinea

    HOUSTON, Aug. 2, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today announced that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in Northwest Africa and is making final preparations to spud the Fatala-1 well later this week. The Fatala-1 well will be drilled in approximately 2,900 meters of water to test a large turbidite fan prospect in the Transform Margin play with prospective P50 recoverable resources of 647 million barrels of oil based on a 2016 Netherland Sewell resource report. "We expect to complete final provisioning preparations today to be ready for the actual spudding of the well no later than Friday," said Hyperdynamics' President and Chief Executive Officer Ray Leonard.

  • PR Newswire7 months ago

    Hyperdynamics Reminds Shareholders to Vote their Proxies on Reverse Stock Split Proposal

    HOUSTON, July 18, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("the Company") reminds owners of its Common Stock to submit their vote on a Company proposal that would authorize its Board of Directors at its discretion to implement a reverse stock split. Proxy Statements and Consent Forms have been mailed and should now be available for all shareholders to review. Shareholders of record as of July 7, 2017 are entitled to vote.

  • PR Newswire7 months ago

    Hyperdynamics and SAPETRO receive Guinea Government assurance of its consent to the appraisal period

    HOUSTON, July 17, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("the Company") today announced that it has received a letter from the Government of Guinea confirming that a two-year appraisal period will be granted to the consortium of SCS Corporation Ltd. ("SCS"), a wholly owned subsidiary of HDYN, and South Atlantic Petroleum ("SAPETRO") in the event of an oil discovery in the Fatala-1 well. The letter was signed by the Director of ONAP (Guinean equivalent of the Ministry of Oil) Diakaria Koulibaly in response to the official request sent by SCS Corporation Ltd., for the two-year appraisal period. It was followed by the "drilling well on paper" exercise held July 14-15 in Conakry by SCS Corporation with all the subcontractors and suppliers before the Fatala-1 well is to be spudded in the first few days of August.

  • PR Newswire8 months ago

    Hyperdynamics to Hold Business Update Investor Conference Call July 6

    HOUSTON , July 3, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) announced today that Ray Leonard , President and Chief Executive Officer, will host an investor conference call at 10:30 a.m. ...

  • PR Newswire8 months ago

    Hyperdynamics and SAPETRO Provide Operations Update on Preparations for Spudding Fatala-1 Well

    HOUSTON, June 26, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("the Company") today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), and South Atlantic Petroleum ("SAPETRO") are proceeding with the preparation to spud the Fatala-1 well. The Pacific Scirocco drillship has been re-fueled and is returning to Guinea with an estimated time of arrival (ETA) of June 27. The operations team of SCS Corporation attached to Guinea is being deployed and contracting of helicopter and support vessel services has been completed.

  • PR Newswire9 months ago

    Hyperdynamics Announces Senior Management Realignment

    HOUSTON, June 8, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today announced that Chief Financial Officer Sergey Alekseev will transition to the position of President of Hyperdynamics' subsidiary SCS Corporation Ltd., and Jason Davis will rejoin Hyperdynamics as Interim Chief Financial Officer.  Both Mr. Alekseev and Mr. Davis will report to Hyperdynamics President and Chief Executive Officer, Ray Leonard. "With full mobilization now under way in preparation to spud the Fatala 1 well offshore the Republic of Guinea, this senior management realignment will enable us to better oversee and execute the various duties required of us as operator under our Production Sharing Contract," Mr. Leonard said.

  • PR Newswire9 months ago

    Hyperdynamics Announces $6.33 Million in Gross Proceeds from Common Stock and Warrants Offering

    HOUSTON, June 7, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("Hyperdynamics" or the "Company"), announced today the closing of a private placement offering (the "Offering") of Units of the Company's securities each consisting of (i) one share of the Company's common stock and (ii) a warrant to purchase three-quarters (¾) of a share of the Company's common stock within two years at an exercise price of $1.825 per whole share. The purchase price was $1.46 per Unit.

  • PR Newswire9 months ago

    Hyperdynamics Completes Farmout Transaction with SAPETRO

    HOUSTON, June 6, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) ("the Company") today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), and South Atlantic Petroleum ("SAPETRO") have completed the closing of their previously announced Farmout Agreement. SCS and SAPETRO are now full 50/50 partners in the Production Sharing Contract ("PSC") with the Republic of Guinea, with each responsible for its proportionate share of the project costs. SCS has received the Preliminary Closing Payment from SAPETRO to cover half of the past costs incurred by SCS starting September 15, 2016, the day when the Second Amendment to the PSC was signed by SCS.

  • PR Newswire9 months ago

    Hyperdynamics commences drilling operations in Guinea on the back of amended contract with Pacific Drilling

    Last week, SCS Corporation, the wholly owned subsidiary of Hyperdynamics Corporation, and Pacific Drilling made effective an amendment to the drilling contract with a subsidiary of Pacific Drilling for the use of the Pacific Scirocco for mobilization for petroleum operations. The Amendment stipulates the rates and timing related to installing on the rig some drilling-related equipment, stocking up materials and supplies for the subsequent spudding of the Fatala 1 well.

  • PR Newswire10 months ago

    Hyperdynamics to Present at Oil Capital Conference in London on May 11

    HOUSTON, May 10, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today announced that Ray Leonard, President and Chief Executive Officer, will make a presentation and hold meetings with prospective ...

  • PR Newswire10 months ago

    Hyperdynamics Receives Presidential Decree Implementing the Third Amendment to the Production Sharing Contract

    HOUSTON, April 25, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today announced that its wholly owned subsidiary, SCS Corporation Ltd., and its project partner, South Atlantic Petroleum (SAPETRO), have received notice of a Presidential Decree signed by the President of the Republic of Guinea implementing the Third Amendment to its Production Sharing Contract that was signed April 12, 2017 by the partners and representatives of the Government. "The decree signed by Guinea President Alpha Conde implementing the Third Amendment to our Production Sharing Contract demonstrates the Guinea government's support for Hyperdynamics and SAPETRO to move forward with exploration of our high-potential Fatala prospect starting later this spring," said Hyperdynamics President and Chief Executive Officer Ray Leonard.

  • PR Newswire10 months ago

    Hyperdynamics, SAPETRO and the Republic of Guinea Sign Third Amendment to the Production Sharing Contract

    HOUSTON, April 19, 2017 /PRNewswire/ -- Hyperdynamics Corporation (HDYN) today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), South Atlantic Petroleum ("SAPETRO") and the Government of the Republic of Guinea have executed a Third Amendment to the 2006 Production Sharing Contract ("PSC"). The Third Amendment will become effective on the date it is approved by Decree of the President of the Republic of Guinea. The Third Amendment approves the assignment of 50% of SCS' participating interest in the Guinea concession to SAPETRO, and it confirms the two companies' rights to explore for oil and gas on a 5,000-square-kilometer block offshore the Republic of Guinea.

  • PR Newswire10 months ago

    Hyperdynamics Promotes Sergey Alexeev to Senior Vice President and Chief Financial Officer

    HOUSTON, April 19, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) today announced that Sergey Alexeev has been promoted to Senior Vice President and Chief Financial Officer of the Company. ...

  • PR Newswire10 months ago

    Hyperdynamics to Reconvene Annual Stockholders Meeting April 19

    HOUSTON, April 13, 2017 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) announced that its Annual Meeting of Stockholders, which was adjourned on February 27, 2017, will be reconvened on Wednesday, ...