Past year: ▲ 0%(0.00c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Dec 2017material agreement termination▼ BadMajor
Guinea verbally refused Hyperdynamics' request for a two-year appraisal extension, and the CLNG stock sale collapsed when the buyer walked away - closing out the Fatala campaign without the well ever being drilled and leaving the company without its rescue financing.
28 Nov 2017business combination● NeutralMajor
Hyperdynamics told shareholders that under the 2 November 2017 stock purchase agreement, CLNG Limited (Hong Kong) or an affiliate would buy 40,000,000 shares at $0.15 ($6,000,000), about 53% of the common stock, and that three directors (Elliston, Strange, Zeidman) would be replaced after closing. Closing was due by 1 December 2017 but depended on due diligence, a waiver from Series A preferred holders, and reductions in current liabilities. CLNG said it intends to borrow the purchase money with no terms agreed. This is the rescue deal that the later record shows fell through in December 2017.
20 Nov 2017auditor change▼ Bad
Auditor Hein & Associates declined to stand for reappointment for fiscal 2018, again citing no disagreements but a standing going-concern qualification.
7 Nov 2017material agreement● NeutralMajor
With SAPETRO gone, Hyperdynamics lined up a new outside investor, Hong Kong's CLNG Limited, to buy $6 million of stock at a steep discount of $0.15/share, contingent on due diligence and preferred-holder waivers.
13 Oct 2017material agreement termination▼ BadMajor
SAPETRO withdrew from the Fatala joint venture before drilling began, paying Hyperdynamics $4.9 million to settle its share of costs and unwinding the farm-in agreed just six months earlier.
7 Sept 2017capital raising announcement● Neutral
A sixth and final closing raised about $3.7 million, wrapping up the financing round meant to fund the Fatala well.
30 Aug 2017capital raising announcement● Neutral
A fifth closing of the common-stock offering raised roughly $2.6 million more.
4 Aug 2017capital raising announcement● Neutral
Hyperdynamics gave Series A preferred subscribers the option to buy more units, continuing to top up cash ahead of drilling.
9 June 2017capital raising announcement▲ Good
Hyperdynamics raised about $6.3 million selling common stock and warrants directly, shifting its financing from preferred units to common equity.
26 May 2017material agreement● Neutral
Hyperdynamics adjusted its Pacific Scirocco drilling-contract terms as the rig prepared to mobilize for the Fatala well.
27 Apr 2017material agreement▲ GoodMajor
Guinea approved a Third PSC Amendment formalizing SAPETRO's entry as a 50% partner alongside Hyperdynamics.
24 Apr 2017capital raising announcement● Neutral
A third closing of the preferred-stock offering raised roughly $710,000 more.
6 Apr 2017material agreement▲ GoodMajor
Hyperdynamics farmed out 50% of its Guinea concession to South Atlantic Petroleum (SAPETRO), a privately held Nigerian E&P company, ahead of the planned Fatala well.
3 Apr 2017capital raising announcement● Neutral
A second closing of the same preferred-stock offering added roughly $511,000 more.
23 Mar 2017capital raising announcement● Neutral
Hyperdynamics closed the first tranche of a preferred-stock private placement, raising $680,000 toward the Fatala well campaign.
13 Mar 2017drilling progress report● NeutralMajor
Hyperdynamics, Guinea, and new partner South Atlantic Petroleum (SAPETRO) signed a tri-party protocol committing to spud the Fatala well by May 30, 2017.
30 Jan 2017material agreement● Neutral
Guinea granted Hyperdynamics a short postponement on posting a security instrument required under the PSC's Second Amendment.
6 Jan 2017capital raising announcement● Neutral
Hyperdynamics settled a 2012 shareholder lawsuit from five hedge funds with stock and a $1.35 million insurance-covered payment, and swapped its planned drillship for the more capable Pacific Scirocco ahead of a planned April 2017 spud.
5 Dec 2016material agreement▲ GoodMajor
Hyperdynamics signed a drilling contract with Pacific Drilling for the Pacific Bora drillship to spud a new well offshore Guinea in mid-2017.
22 Sept 2016material agreement▲ GoodMajor
Guinea approved a Second Amendment to the PSC, clearing the way for Hyperdynamics - now sole concession holder again after Tullow and Dana's exit - to restart its own exploration push.
17 Aug 2016material agreement▼ BadMajor
Hyperdynamics settled its arbitration with Tullow and Dana: both withdrew from the Guinea concession and PSC, handing back $8.1 million of long-lead drilling equipment plus a modest cash payment - ending Tullow's three-year run as operator without a well ever drilled under it.
13 May 2015listing compliance notice● NeutralMajor
HYPERDYNAMICS CORP's exchange filed to remove a class of its securities from listing.
11 Mar 2015listing compliance notice▼ BadMajor
NYSE suspended trading in Hyperdynamics' stock and moved to delist it; shares began trading over-the-counter under the symbol HDYN.
25 Feb 2015listing compliance notice▼ BadMajor
NYSE announced it was starting delisting proceedings against Hyperdynamics for falling below the exchange's $50 million market-cap and equity standard.
15 Jan 2015listing compliance notice▼ BadMajor
NYSE warned that Hyperdynamics' stock had averaged below $1.00 for 30 trading days, the latest of several listing-standard breaches.
22 May 2014material agreement▲ GoodMajor
Hyperdynamics settled its litigation with AGR Well Management over the Sabu-1 drilling program, recovering about $15.6 million net from an escrow account - a partial reimbursement of the well's ballooned costs.
14 May 2014auditor change● Neutral
Deloitte's resignation as auditor became final once Hyperdynamics filed its next quarterly report.
25 Apr 2014listing compliance notice▼ BadMajor
NYSE notified Hyperdynamics that its market capitalization and stockholders' equity had fallen below the exchange's $50 million continued-listing thresholds.
1 Apr 2014auditor change▼ Bad
Deloitte notified Hyperdynamics it would not stand for re-election as auditor, though its prior opinions carried no adverse findings beyond an earlier internal-controls weakness.
7 Jan 2013asset acquisition disposition▼ BadMajor
The Tullow farm-out closed: Tullow paid $27 million as reimbursement of past costs for a 40% interest and became operator. It also agreed to carry Hyperdynamics' share of future costs up to a $100 million cap, leaving Hyperdynamics with 37%.
