Hyperdynamics Announces Approval of Two-Year Guinea Work Program and Budget

HOUSTON, Sept. 23 /PRNewswire-FirstCall/ -- Hyperdynamics Corporation (NYSE Amex: HDY) today announced that the Company and Dana Petroleum, have agreed at their Republic of Guinea project joint operating committee on September 22nd 2010 on a two-year exploration work program and budget for 2011 and 2012.  The exploration program for the offshore concession includes the drilling of up to three exploration wells, two of which are firm and one of which is contingent on exploration prospectivity.  Drilling is scheduled to begin in the fourth quarter of 2011.  This drilling program would satisfy the minimum work obligation for the entire exploration period set forth in the Production Sharing Contract for the Concession in Offshore Guinea. The drilling program is expected to be followed in the fourth quarter of 2012 by a contingent 4,000 square kilometer 3D seismic survey that would begin the exploration in the ultra deepwater section of the Concession.

Hyperdynamics operates the offshore Guinea concession with a 77 percent interest.  Aberdeen-based Dana Petroleum has a 23 percent stake.

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 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 SEC, including the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2009. 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.

HDY-IR

SOURCE Hyperdynamics Corporation

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