Hyperdynamics Announces Continued Listing Plan Accepted by New York Stock Exchange

HOUSTON, July 23, 2014 /PRNewswire/ -- Hyperdynamics Corporation HDY today announced receipt of notice from the New York Stock Exchange ("NYSE") of the NYSE's acceptance of the Company's plan for continued listing.  As a result, the Company's stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE's Listing and Compliance Committee of the Company's progress toward its plan to restore compliance with continued listing standards. 

On April 25, 2014, the Company announced that it was below continued listing criteria because its average global market capitalization over a consecutive 30 trading-day period and total stockholders' equity were each less than $50 million.

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 regarding Hyperdynamics Corporation's future plans and expected performance that are based on assumptions the Company believes to be reasonable. Statements that include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," 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. 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.

Contacts: Dennard - Lascar Associates
Jack Lascar, Managing Partner
(713) 529-6600

Anne Pearson, Sr. Vice President
(210) 408-6321

SOURCE Hyperdynamics