Hyperdynamics Files 10-Q for the Quarter Ended September 30, 2011

HOUSTON, Nov. 8, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE: HDY) announced today that it has filed its quarterly report on Form 10-Q for the three month period ended September 30, 2011 with the SEC.

Hyperdynamics reported a net loss of $4.4 million, or $0.03 per share during the quarter, compared to a loss of $2.9 million, or $0.03 per share in the prior year period.  The Company had $74.2 million in cash and restricted cash as well as $54.4 million in available-for-sale securities as of September 30, 2011.  Additional information can be found in the Hyperdynamics' 10-Q filing which is available on the Company's website or at www.sec.gov.

Drilling of Hyperdynamics' first well offshore the Republic of Guinea, the Sabu-1, is ongoing and the objective horizons have not yet been reached.

Operational Update Conference Call

Hyperdynamics will hold a conference call to provide an operational update on Wednesday, November 9, 2011 at 11:00 a.m. Eastern time / 10:00 a.m. Central time.  To participate, dial 480-629-9643 and ask for the Hyperdynamics call at least ten minutes before the call begins.  The call will also be broadcast live over the Internet from our website at www.hyperdynamics.com.  A replay of the conference call will be available shortly after the end of the call until November 16, 2011, and may be accessed by calling 303-590-3030 and using the pass code 4486432#.

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, 2011. 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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