Hyperdynamics Provides Update on 3D Seismic Survey

HOUSTON, Oct. 4 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) today announced the completion of the first portion of its 3D seismic survey in the Company's offshore concession in the Republic of Guinea.  This portion of the offshore survey covers 2,760 square kilometers of a total planned 2010 survey of 3,635 square kilometers.

The survey was acquired by the Petroleum Geo-Services (PGS) seismic vessel Challenger, which completed the project on October 2 after 57 days of work.  Initial views of the seismic data from the vessel (which are used for quality control) demonstrate increased energy penetration and resolution compared to earlier surveys. The seismic data from the first portion of the survey is being processed by PGS in Houston.

The second and final acquisition phase of the 3D seismic survey – 875 square kilometers in an area located about 75 kilometers west of the first survey area – will be acquired by the PGS seismic vessel Viking starting on or about October 5, 2010.  This second data acquisition phase is expected to last approximately one month.

Ray Leonard, the President and CEO of Hyperdynamics, commented, "Our initial look at the data coming off the Challenger supports our expectation of superior data quality from a boat with 12 streamers and Geostreamer technology.  The entire survey needs to be acquired and processed before the results can be applied to a final evaluation of the prospects.  However, everything is on track to complete the survey around the end of October and process the data on our predicted timeline."

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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