Looking for a speculative low priced oil stock to invest in?
Hyperdynamics Corp (HDY) might be right for you. HDY stock has soared over the past year as the company positions
itself as a West Africa powerhouse in the oil industry. Hyperdynamics Corp plans to begin drilling for oil at the end
of 2011.
About
Hyperdynamics Corporation: Hyperdynamics is committed to providing energy for the future by exploring internationally
for new sources of oil and gas. It holds one of the largest exploration and production license in West Africa in the Republic
of Guinea covering 9,650 square miles. Hyperdynamics was founded in 1996 and is traded
on the NYSE Amex under the symbol HDY. The company is based in Houston, Texas.
Hyperdynamics Corporation is an emerging Houston-based oil and gas exploration and production company with assets
in Northwest Africa. Their strategy is to build shareholder value through exploration and production activities on a
highly prospective contract area offshore Republic of Guinea. The company expects to mitigate risk and increase its financial
flexibility by attracting other participants to its Production Sharing Contract (PSC). In addition to U.K.-based Dana Petroleum,
which has extensive experience in West Africa and became a PSC participant in January 2010, Hyperdynamics is seeking a major
energy company to join the project as operator and a substantial financial investor. Hyperdynamics' 3D seismic program, which
will commence in mid-2010, will help determine initial well locations when exploratory drilling begins in late 2011.
