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.
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 - well short of what Hyperdynamics and Dana had spent drilling Sabu-1 - for its 40% stake and took over as operator, leaving Hyperdynamics with 37%.
21 Nov 2012material agreement● NeutralMajor
Hyperdynamics agreed to sell Tullow Oil a 40% interest in the Guinea concession and hand over operatorship, with Tullow covering up to $100 million of future costs - a sign the company could no longer afford to fund the play alone after Sabu-1's overruns.
