Hyperdynamics Corp (HDYNQ)

[hillzman]

8K Lord David Owen resigns from the HDY BOD. Says HDY needs to get going immediately to reduce cash outflows.

From the 8K: At a meeting of the Board of Directors of Hyperdynamics Corporation (the “Company”) held on September 12, 2014, Lord David Owen, a director, informed the other Board members of his intent to resign from the Board effective September 16, 2014. Lord Owen stated his view that the Company should do more to promptly reduce expenses. In his resignation letter, which is attached as an exhibit to this Report, Lord Owen stated, “it is obvious to me that the Company will have to substantially reduce its cash outflows and in that process there will need to be reductions in the size of the Board commensurate with the size of the Company. As part of that process I have decided to resign from the Board, but I will still remain a shareholder. I believe these reductions should begin as soon as possible, and accordingly, I have decided to resign from the Board effective today.”