Friday, July 31, 2015

Hyperdynamics Corp: An Oil and Natural Gas Exploration Company

Registered as an oil and natural gas exploration company, Hyperdynamics Corporation continues to focus its activities outside the United States. The company is headquartered in Houston, Texas and was incorporated in May 1994.

The focus project of the business is their interests in properties located in the Republic of Guinea in Northwest Africa. The business continues to expand their interest in the area, which is currently estimated to be around 25,000 square kilometers. Though its strategic approach in raising equity from institutional investors, the company was able to accumulate more than $220 million in funds to continue its operations. Partnering with Tullow and Dana, the business continues to drill and explore the areas for its rich natural resources.

Hyperdynamics remains to be a publicly traded company on the Over-the-Counter Markets. Its common shares are marketed using the ticker symbol HDYN. The business is listed as a component of the Wilshire 5000 Index.

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