Hyperdynamics to List on New York Stock Exchange

HOUSTON, July 8, 2011 /PRNewswire/ -- Hyperdynamics Corp. (NYSE Amex: HDY) announced today that it will transfer the listing of its common stock to the New York Stock Exchange (NYSE) from the NYSE Amex.  The Company expects to begin trading on the NYSE on or about Monday, July 11, under its current ticker symbol, "HDY."

"Our move to the New York Stock Exchange is an important next step in our progress as a company and in our drive to build shareholder value for the long term," said Ray Leonard, Hyperdynamics President and Chief Executive Officer.  "We expect this transition to benefit our growing slate of both institutional and retail shareholders through increased liquidity and visibility, not only in North America, but also Europe and across the globe.  

"The NYSE is one of the world's premier exchanges and home to many other oil and gas exploration and production companies.  We are very proud to be joining those companies in trading on the world's largest stock market. We enjoyed the service and support while listed on the NYSE Amex platform," Leonard added.

"We are pleased to welcome Hyperdynamics to the New York Stock Exchange," said Scott Cutler, Executive Vice President of NYSE Euronext. "This move within the NYSE Euronext family is an important milestone, and we congratulate this emerging independent E&P company on its accomplishment.  HDY should expect to benefit from the exceptional global visibility and superior market quality and services that a listing on an NYSE Euronext market provides."

Hyperdynamics has notified the NYSE Amex that it will voluntarily delist its common stock from that exchange. The last day of trading on the NYSE Amex is expected to be on or about July 8, 2011.

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, 2010. 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 Corp.

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