HOUSTON, May 22, 2015 /PRNewswire/ -- Hyperdynamics
Corporation (OTCQX:HDYN) announced today that, as set forth in the
attached letter, the United States Department of Justice (DOJ) has
closed its investigation into possible violations by Hyperdynamics
of the Foreign Corrupt Practices Act (FCPA) without bringing any
charges against the Company.
Hyperdynamics had cooperated with the government's
investigation, and DOJ noted the value of the Company's cooperation
in its letter.
Ray Leonard, President and CEO,
commented, "This is an important development for
Hyperdynamics. We are extremely pleased to be informed that
the DOJ has closed its inquiry into this matter."
As previously disclosed, both the DOJ and SEC issued subpoenas
to Hyperdynamics concerning possible violations of the FCPA and
other laws. The SEC investigation has not yet been resolved.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration
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 within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
regarding Hyperdynamics Corporation's future plans and expected
performance that are based on assumptions the Company believes to
be reasonable. Statements preceded by, followed by or that
otherwise include the words "believes", "expects", "anticipates",
"intends", "projects", "estimates", "plans", "may increase", "may
result", "will result", "may fluctuate" 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
Securities and Exchange Commission, including the Company's
Quarterly Report on Form 10-Q for the fiscal quarter ended
March 31, 2015. 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.
PDF -
http://origin-qps.onstreammedia.com/origin/multivu_archive/ENR/0-Hyperdynamics-Corporation---Declination-Letter.pdf
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/hyperdynamics-announces-close-of-fcpa-inquiry-by-department-of-justice-300088115.html
SOURCE Hyperdynamics Corporation