HOUSTON, March 11, 2015 /PRNewswire/ -- Hyperdynamics Corporation (OTCQX: HDYN) announced that its common stock began trading today on OTCQX under the symbol "HDYN." Hyperdynamics previously traded on the New York Stock Exchange under the symbol "HDY."
"Trading on OTCQX will allow Hyperdynamics to maintain the transparent trading, high disclosure standards and visibility to which its shareholders are accustomed while placing it in company with some of the world's largest, most established and investor-friendly companies on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We look forward to supporting Hyperdynamics as it continues to grow its business and thrive on our Best marketplace."
"We are pleased to have our stock trading on the OTCQX marketplace," stated Ray Leonard, President and Chief Executive Officer of Hyperdynamics Corporation. "The high standards of the OTCQX marketplace underscore our emphasis on continued financial transparency, communication with investors and shareholders through our SEC filings, and our commitment to making our stock as accessible as possible to the investment community through the OTCQX visibility and market-making support."
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.
Forward Looking Statements
This news release and the Company's website referenced in this news release contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Hyperdynamics Corporation's future plans and expected performance that are based on assumptions the Company believes to be reasonable. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", "may increase", "may result", "will result", "may fluctuate" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. A number of risks and uncertainties could cause actual results to differ materially from these statements, including without limitation, funding and exploration efforts, fluctuations in oil and gas prices and other risk factors described from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2014. The Company undertakes no obligation to publicly update these forward looking statements to reflect events or circumstances that occur after the issuance of this news release or to reflect any change in the Company's expectations with respect to these forward looking statements.
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SOURCE Hyperdynamics Corporation
/CONTACT: Paolo Amoruso, Vice President of Commercial and Legal Affairs, or David Wesson, Vice President and Chief Financial Officer, (713) 353-9445
