Hyperdynamics Announces 2007 Annual Shareholder Meeting
CEO Comments on Activities, Encourages Donations to American Friends of
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, http://www.AmericanFriendsOfGuinea.org. 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. Contact: DRG&E Ken Dennard, Managing Partner (713) 529-6600 Anne Vincent, Sr. Vice President (210) 408-6321 http://www.drg-e.com
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