HOUSTON, July 23, 2014 /PRNewswire/ -- Hyperdynamics
Corporation (NYSE: 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