Hyperdynamics Announces The Departure Of CFO Paul C. Reinbolt At Year-End

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Aug 28, 2013, 04:05 ET

HOUSTON, Aug. 28, 2013 /PRNewswire/ -- Hyperdynamics Corporation (NYSE:HDY) announced today the resignation of Paul C. Reinbolt, Executive Vice President and Chief Financial Officer. Mr. Reinbolt will remain with the Company through December 31, 2013.

Ray Leonard, Hyperdynamics' President and CEO, commented, "Hyperdynamics has been fortunate to have had the benefit of Paul's years of financial expertise during a critical phase of the Company's development. We appreciate his service to the Company and wish him all the best in his future endeavors."

Mr. Reinbolt added, "I have enjoyed being a part of the Company and helping the advancement of the exploration project in Guinea. I believe the Company is financially well positioned for the next phase of the exploration program and that this is an opportune time for me to pursue other personal and professional interests."

About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at http://www.hyperdynamics.com.

Forward Looking Statements
This news release and the Company's website referenced in this news release contain forward looking statements regarding Hyperdynamics Corporation's future plans and expected performance that are based on assumptions the Company believes to be reasonable. Statements that include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," 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 SEC. 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.