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HyperDynamics (HDYN)

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Last Post: 5/20/2016 9:12:19 AM - Followers: 211 - Board type: Free - Posts Today: 0




About Hyperdynamics

Hyperdynamics is an emerging independent exploration and production company that is exploring offshore the Republic of Guinea for new sources of oil and gas in partnership with Tullow Oil Plc and Dana Petroleum E&P Ltd. It holds a 37% non-operator interest covering approximately 25,000 square kilometers in Guinea, one of the largest exploration and production licenses in West Africa.

Hyperdynamics was founded in 1996 and is traded on the OTCQX under the symbol HDYN. The company is based in Houston, Texas.                       


Management Team

Board of Directors



                                                        Concession Area: Offshore Republic of Guinea, West Africa


Hyperdynamics holds a 37% working interest in one of the largest offshore exploration concessions in West Africa, spanning 18,750 square kilometers offshore Republic of Guinea. The concession is operated by Tullow Oil.


Multiple play types, leads and prospects have been identified in this largely unexplored basin at the intersection of several prospective exploration trends within the Atlantic Transform Margin.

We are encouraged by recent offshore oil discoveries in Ghana, Sierra Leone, Liberia, and Cote d’Ivoire to the south and east of our concession on the African side of the Atlantic, as well as discoveries offshore Brazil and French Guiana in South America, which abutted West Africa 100 million years ago before tectonic plate shifts separated the two continents.

Proven Partners


In December 2012 Tullow Oil purchased a 40% working interest in the Guinea concession and assumed operatorship in April 2013. Tullow has been one of the most active and successful independent operators working offshore West Africa, operating or partnering in most of the discoveries in the trend. Tullow’s experience in drilling operations – especially in the Atlantic Transform Margin – along with its access to rigs and other equipment, will continue to be an asset to the Guinea project.

As part of the sale, Hyperdynamics received $27 million from Tullow as reimbursement for past exploration expenditures. Tullow also agreed to pay Hyperdynamics’ participating interest share of drilling costs for one deep-water exploration well, up to a net $37 million. If an appraisal of the initial exploration well is drilled, Tullow will also pay our proportionate share of the costs, up to $37 million.



The third member of the Consortium is Dana Petroleum, which purchased a 23% working interest in the Guinea concession in early 2010. Dana was acquired by the Korean National Oil Corporation in 2011.

Exploration Work Conducted to Date


We have conducted extensive technical studies of the area, including 17,800 kilometers of 2D seismic and 7,635 square kilometers of 3D seismic in five separate surveys covering both shallower water and deep water portions of the Guinea concession.

Hyperdynamics drilled the Sabu-1 exploration well in late 2011 and early 2012 in 730 meters of water as operator of the project. The Sabu-1 reached planned total depth of 3,600 meters below the waterline, testing an Upper Cretaceous section of the prospect. The well encountered oil shows, and well-log interpretations indicated the presence of residual oil in non-commercial quantities. Subsequent analysis of rock samples from the well confirmed the presence of hydrocarbons in fluid inclusions in the rock.

We believe the Sabu-1 well was not commercial because of the lack of a reservoir seal such as marine shales or reservoir-seal pairs needed for a commercial accumulation. We also believe that the evidence that hydrocarbon generation has taken place in the basin and the presence of reservoir-quality carbonates and sandstones in the well enhances the prospectivity of our concession.


Next Steps

The Consortium has selected the Fatala turbidite fan prospect for future ultra-deep-water exploration drilling, based on its evaluation of a 4,000-square-kilometer 3D seismic survey covering the deep water section of the concession. The spud date for this well has been temporarily suspended pending further discussions among the partners. Under the terms of the Production Sharing Contact with the Government of Guinea, the next well must commence drilling no later than September 2016.

Hyperdynamics and its partners have also identified a significant inventory of other leads and prospects in deep water portions of the Guinea concession.

Production Sharing Contract

The Consortium sent notice in September 2013 to the Government of Guinea of its intention to renew the second exploration period to September 2016 and identified the coordinates of the area to be relinquished as required under the PSC.

The second exploration period may be extended to September 2017 to allow the completion of a well in process and to September 2018 to allow the completion of the appraisal of any discovery that is made. 


Guinea Concession




                                                                                                  Tullow Oil




                                                                                                              December 5th Investor Annual Meeting of Stockholders slides




Extensional and Transform,Fault Interaction,Influence on the Upper Cretaccous Hydrcarbon System,Equatorial Margin,West Africa


                                                                             Tollow Oil Video





Location Information


Corporate Headquarters
12012 Wickchester Lane
Suite 475
Houston, Texas 77079
713-353-9400 Main
713-353-9421 fax


Investor & Media Relations

Paolo Amoruso





Transfer Agent


  American Stock Transfer & Trust Company, LLC.
6201 15th Avenue
Brooklyn, NY 11219
Phone: 1-800-937-5449

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Current Price
Bid Ask Day's Range
#18508  Sticky Note Hyperdynamics Announces Settlement with the SEC mare3210 09/29/15 12:52:34 PM
#18976   It all depends on Tullow... ferab 05/20/16 09:12:19 AM
#18975   Naturally..... dloggold 05/20/16 08:38:36 AM
#18974   Tullow is the SCAM. ferab 05/19/16 11:01:31 PM
#18973   This will go to .0001 Scam dloggold 05/19/16 11:29:37 AM
#18972   How about some news Ray? tdbowieknife 05/18/16 12:43:08 PM
#18971   Why no activity today? PAspud 05/17/16 08:18:06 PM
#18970   It seems investors don't like the 10q Tamtam 05/12/16 06:17:28 AM
#18969   Twelfthousend times better now :-( Tamtam 04/17/16 01:40:25 AM
#18968   Big volume today >> 1 share ! ferab 04/15/16 10:49:52 AM
#18967   And some people claim this stock has a Tamtam 03/29/16 03:59:00 AM
#18966   Has anyone gotten through to IR in the startwitharoux 03/28/16 05:46:55 PM
#18965   Still no news... tdbowieknife 03/28/16 05:33:45 PM
#18964   Think that's a weekly prop-up buy by the InTheDeepWater 03/11/16 04:02:58 PM
#18963   Gut feeling for swing trading only, treat this dloggold 03/06/16 03:13:46 PM
#18962   So about that FM....... whitenoize 03/04/16 10:49:12 AM
#18961   I can't speak for dloggold, but I do whitenoize 03/04/16 10:45:15 AM
#18960   Why? InTheDeepWater 03/04/16 09:48:50 AM
#18959   Been adding here dloggold 03/04/16 01:27:34 AM
#18958   Yes exactly- what is pretty amazing is that phxdishman 02/25/16 04:25:21 PM
#18957   $9,355 is hardly an impressive number in my jugs 02/25/16 04:12:07 PM
#18956   boost share price is the answer I believe phxdishman 02/25/16 04:03:00 PM
#18955   You are spot on. jugs 02/25/16 01:33:54 PM
#18954   Sooooo RL buying on the open market? whitenoize 02/25/16 10:50:56 AM
#18953   Lazy investing when it comes to due diligence phxdishman 02/25/16 01:10:47 AM
#18952   What could possibly be keeping this stock from jugs 02/24/16 03:46:35 PM
#18951   I'm surprised this thing isn't bleeding lower. What InTheDeepWater 02/24/16 03:22:08 PM
#18950   Yes, should probably always go with worst case whitenoize 02/23/16 03:46:45 PM
#18949   Longer than you think phxdishman 02/23/16 02:33:19 PM
#18948   Well said. Too many negative events following the hillzman 02/23/16 02:27:51 PM
#18947   Thanks for a great post- it's always nice phxdishman 02/23/16 02:23:37 PM
#18946   This is bad because arbitration normally takes longer whitenoize 02/23/16 01:57:33 PM
#18945   Hyperdynamics appears to be headed for oblivion. Options, jugs 02/23/16 01:35:26 PM
#18944   Not too mention the volume of selling. willlbone 02/23/16 11:09:34 AM
#18943   This is getting ugly.. junkHustler 02/23/16 10:53:55 AM
#18942   Hyperdumpola. willlbone 02/23/16 10:38:03 AM
#18941   Does HDYN ever get a break. The only ferab 02/23/16 09:50:39 AM
#18940   If we don't hear anything by March 1st Money Mike 1 02/22/16 01:05:10 PM
#18939   I believe you're right Tamtam 02/18/16 02:35:20 AM
#18938   As I understand the process negotiations within arbitration DD2068 02/17/16 11:11:25 PM
#18937   No comments from my last post, has everyone Money Mike 1 02/17/16 09:41:56 PM
#18936   Most important part from the 10-Q today: Our Money Mike 1 02/12/16 10:30:57 AM
#18935   Key takeaway from motion to suspend: whitenoize 02/12/16 08:44:28 AM
#18934   Yup,as I said Tullow won't drill,that's for sure GABRIELXX 02/11/16 11:23:07 PM
#18933   Yes... Arbitration. I don't know how long it tdbowieknife 02/11/16 05:58:17 PM
#18932   So are we in arbitration right now? Slightly Money Mike 1 02/11/16 05:36:21 PM
#18931   U.S. stocks pare losses as energy shares spike mare3210 02/11/16 03:25:54 PM
#18930   Latest Filing / Tullow Ploy phxdishman 02/11/16 01:49:54 PM
#18929   Yep. We shall see. Delays and more delays hillzman 02/10/16 08:58:40 PM
#18928   There is no clause in the contract that tdbowieknife 02/10/16 07:41:21 PM
#18927   Agreed. Tullow and Dana have no real incentive hillzman 02/10/16 07:27:25 PM