Hyperdynamics was founded in 1996 and is traded on the American Stock Exchange under the symbol HDY. The company is based in Sugar Land, Texas, near Houston.
Hyperdynamics is looking for large deposits of oil and gas on the west coast of Africa, specifically offshore oil from the Republic of Guinea. They have the largest exploration rights in the region.
The company website states: "Hyperdynamics is committed to providing energy for the future by exploring for new sources of oil and gas both domestically and internationally. The company currently is exploring offshore in the Republic of Guinea and holds the largest exploration license in West Africa, covering 31,000 square miles."