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HyperDynamics (HDYN)

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Last Post: 11/26/2015 6:06:16 PM - Followers: 212 - 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
#17107  Sticky Note Hyperdynamics Announces Lifting of Declaration of Force Majeure mare3210 05/05/14 06:21:12 AM
#18683   Zero new Ebola cases in Guinea again this tdbowieknife 11/26/15 06:06:16 PM
#18682   Your correct. I beg your pardon. Spell check Fast2Pass 11/25/15 11:24:48 AM
#18681   Just a comment to your post: New Guinea mare3210 11/25/15 09:03:32 AM
#18680   Hello everyone. Fast2Pass 11/25/15 08:30:54 AM
#18679   And that's just what Fairlightcap and I said tdbowieknife 11/24/15 01:29:52 PM
#18678   I'm certain she was picked for her prior jugs 11/24/15 01:22:17 PM
#18677   only with her doing her best to enable tdbowieknife 11/24/15 01:09:26 PM
#18676   What I stated is that her job is jugs 11/24/15 12:07:37 PM
#18675   But she is still getting paid.. regardless of junkHustler 11/24/15 11:59:01 AM
#18674   OK... She hates the company and is going tdbowieknife 11/24/15 11:58:33 AM
#18673   There are always muddy waters in Guinea politics tdbowieknife 11/24/15 11:56:19 AM
#18672   There's no way I could believe the Ambassador jugs 11/24/15 11:55:48 AM
#18671   Thats a bit of a reach TD. junkHustler 11/24/15 11:37:23 AM
#18670   Yes... That was likely the very reason for tdbowieknife 11/24/15 11:35:06 AM
#18669   Interesting note on the changes to Hyperdynamics' Board FairlightCap 11/24/15 11:28:57 AM
#18668   More news... Hyperdynamics Announces Changes to its Board tdbowieknife 11/24/15 10:20:30 AM
#18667   Dang... And no reason given. Likely still waiting tdbowieknife 11/24/15 10:13:51 AM
#18666   Hyperdynamics' Annual Stockholders Meeting Rescheduled to January 27, 2016 AMOTE1 11/24/15 08:14:35 AM
#18665   true, but probably 1 million shares is in mare3210 11/23/15 08:53:23 AM
#18664   Almost back where we were a month ago, Tamtam 11/23/15 08:34:53 AM
#18663   I'm buying all I can. Still sitting on adct34 11/23/15 08:27:26 AM
#18662   Must be Another golden buying opp:) GABRIELXX 11/19/15 09:49:30 PM
#18661   Brutal. Every single time I think this thing InTheDeepWater 11/19/15 03:59:57 PM
#18660   Yes, very frustrating - like pulling teeth. Always ferab 11/19/15 02:43:32 PM
#18659   god I hate this stock... and tullow... InTheDeepWater 11/19/15 01:28:05 PM
#18658   Wonderful news for all! jugs 11/18/15 01:17:59 PM
#18657   Guinea reported no confirmed cases of Ebola virus tdbowieknife 11/18/15 12:11:54 PM
#18656   Excellent processing on your part. jugs 11/14/15 01:27:37 PM
#18655   Thanks for sharing the response. This is not phxdishman 11/13/15 10:54:41 PM
#18654   This is certainly a reasonable response, imo. It jugs 11/13/15 02:49:35 PM
#18653   Thank you for the update. The 11/11 Tullow hillzman 11/13/15 02:43:48 PM
#18652   Response from Tullow Oil FairlightCap 11/13/15 02:17:50 PM
#18651   You're obviously making sense on all points. My jugs 11/13/15 12:31:13 PM
#18650   The root of my concern is that neither tdbowieknife 11/13/15 11:40:20 AM
#18649   If the following is at the root of jugs 11/13/15 11:07:01 AM
#18648   Well something happening... From 10-Q. tdbowieknife 11/12/15 11:34:03 PM
#18647   The latest word from Tullow... tdbowieknife 11/12/15 10:14:03 AM
#18646   Ebola Situation Report - 11 November 2015 tdbowieknife 11/12/15 10:09:41 AM
#18645   Greetings everyone, shawley 11/11/15 10:04:33 PM
#18643   There will be opinions rendered on every subject jugs 11/11/15 03:00:35 PM
#18642   $HDYN recent news/filings stocktrademan 11/11/15 02:22:13 PM
#18641   Another golden buying opp. This is perfect! adct34 11/11/15 11:31:18 AM
#18640   The prospect will be drilled in 2016 and Flettster 11/11/15 11:03:13 AM
#18637   Thank you. Not such a devastating ratio, I've jugs 11/11/15 10:21:24 AM
#18635   8/1 Flettster 11/11/15 10:02:01 AM
#18634   What was the ratio of the reverse? jugs 11/11/15 09:53:18 AM
#18633   Not a popular call,but correct one as always GABRIELXX 11/11/15 09:47:23 AM
#18632   This is painful. Waiting for a hint of jugs 11/11/15 09:39:45 AM
#18631   HDYN passed gas yesterday---as in found itself somewhat jugs 11/07/15 11:45:59 AM
#18630   Not much volume yesterday but ended green. Is Tamtam 11/07/15 06:59:01 AM