Hyperdyanmics Louisiana Production Remains Steady in Face of Mississippi Flood
Hyperdynamics Corporation (AMEX:HDY) announced today that its Louisiana-based operations reported May gross oil sales in excess of 5,200 barrels as production continues to be constrained by record setting floods being experienced along the Mississippi River. Although the floods have hampered production for months, the company reported that it received an average price in excess $123 a barrel for its oil which helped maintain an uptrend in revenue. The floods are expected to subside enough by the end of the June so that additional shut in wells may be brought into production.
About Hyperdynamics
Hyperdynamics Corporation provides energy for the future by exploring and producing sources of energy worldwide. The company’s internationally active oil and gas subsidiary, SCS Corporation, owns rights to explore and exploit 31,000 square miles offshore the Republic of Guinea, West Africa. HYD Resources Corporation focuses on domestic production in proven areas. To find out more about Hyperdynamics Corporation, visit our Website at http://www.hyperdynamics.com. For additional information on play types within our concession please visit the following web page: http://www.hyperdynamics.com/africa_exploration.htm.
Forward Looking Statements
Statements in this news release are “forward looking” as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially. Please refer to “Risk Factors” in the company’s Form 10-K filed with the SEC.
Contact:
Investor Awareness, Inc. Tony Schor or Lindsay Kenoe, 847-945-2222
www.investorawareness.com
or Roher Public Relations Phillip Bergman, 914-741-2256, ext 302
Vice President
Source: Hyperdynamics Corporation
