Hyperdynamics Announces 2007 Annual Shareholder Meeting

CEO Comments on Activities, Encourages Donations to American Friends of


Dec 20, 2006, 00:00 ET from Hyperdynamics

    HOUSTON, Dec. 20 /PRNewswire-FirstCall/ -- Hyperdynamics (Amex:   HDY)
 today announced that its board of directors has set its annual shareholder
 meeting for Tuesday, March 6, 2007. The meeting will be for shareholders of
 record as of January 12, 2007, and will be held in Sugar Land, Texas.
 Details of the matters of business and the location and time of the meeting
 will be disclosed in the proxy statement to be filed in the near future.
     "Looking back at 2006, we had an extremely productive year," said Kent
 Watts, Hyperdynamics' chief executive officer. "The new production-sharing
 contract we signed in September with the Republic of Guinea cleared the way
 for us to advance our exploration work in West Africa. Working with
 GlobalSanteFe's Applied Drilling Technologies, we are working out all the
 logistics required to support offshore drilling operations, and we are
 continuing to internally evaluate the five largest drilling prospects that
 we have identified so far in our vast 31,000-plus-square-mile offshore
 license area. At the same time we will be rolling out our data study group
 beginning in January and seeking exploration partners to join our efforts,
 giving us more bandwidth to cover more area faster in our endeavor to make
 a major discovery offshore Guinea.
     "Also, while working this year in Guinea, we learned of significant
 needs of the people there and established American Friends of Guinea, or
 AFG. AFG was chartered in March and approved by the IRS in August as a
 tax-deductible charitable organization. American Friends of Guinea is now
 prepared to accept tax-deductible stock and cash donations. I hope that all
 our shareholders will consider giving to this worthy cause," added Watts.
     AFG was established to provide medical aid and infrastructure through
 qualified projects and initiatives in the Republic of Guinea. The goal is
 to help our friends living there to realize greatly enhanced health care,
 save lives that would otherwise be severely shortened or lost and help
 improve their overall quality of life through improved healthcare. Cash
 donations can be made electronically online at a new Website,
     AFG accepts cash or stock donations. Checks or donated stock
 certificates and related stock powers should be made out to "American
 Friends of Guinea" and may be sent to:
     American Friends of Guinea
     One Sugar Creek Center Blvd., Suite 125
     Sugar Land, Texas 77478
     About Hyperdynamics
     Hyperdynamics Corporation provides energy for the future by exploring
 and producing sources of energy worldwide. The company's internationally
 active oil and gas subsidiary, SCS Corporation, owns rights to explore and
 exploit significant acreage offshore the Republic of Guinea, West Africa.
 HYD Resources Corporation focuses on domestic production in proven areas.
 To find out more about Hyperdynamics Corporation (Amex:   HDY), visit our
 Website at http://www.hypd.com.
     Safe Harbor Statement: Statements contained herein that are not
 historical are forward-looking statements that are subject to risks and
 uncertainties that could cause actual results to differ materially from
 those expressed in the forward-looking statements, detailed in the
 company's filings with the SEC.
      Ken Dennard, Managing Partner
      (713) 529-6600
      Anne Vincent, Sr. Vice President
      (210) 408-6321

SOURCE Hyperdynamics