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Hyperdynamics Corporation
an exploration stage company, is an oil and gas exploration company that focuses on exploring for oil and gas offshore Guinea, West Africa. The company was founded in 2006 and is headquartered in Houston, Texas. Hyperdynamics' primary asset is its interest in the Guinea offshore concession, which covers approximately 4 million acres located offshore in the Republic of Guinea. The company's strategy is to thrill its existing acreage, using seismic exploration techniques, and then partner with larger oil companies to drill and develop discovered fields. TGS-NOPEC Geographic Services, Inc. has agreed to acquire approximately 2,470 square kilometers of 3D seismic data in the shallow waters of the Guinea Concession by the end of 2006. In addition to the West African piece, Hyperdynamics has acquired leases in the Gulf of Mexico and East Asia. Hyperdyanmics trades in the over-the-counter pink sheets, a financial network that allows firms to list their shares for trading.