18 June 2009capital raising announcement● Neutral
Hyperdynamics engaged an executive search firm to find a new CEO and two board members, paying with warrants - an early sign of a coming leadership change.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2009listing compliance notice▲ Good
NYSE Amex accepted the company's compliance plan and granted a listing extension, resolving the March 2009 warning for now.
23 Mar 2009listing compliance notice▼ BadMajor
NYSE Amex warned Hyperdynamics it was out of compliance with continued-listing requirements after reviewing its December 2008 quarterly report.
19 Dec 2008auditor change● Neutral
Hyperdynamics dismissed its accountant, Malone & Bailey, PC, with no stated disagreements - the first of several auditor changes over the following decade.
24 Nov 2008material agreement▼ Bad
As its stock fell, Hyperdynamics cut the conversion price on its Enable Growth debenture from $2.25 to $1.65, and the investor converted $3.25 million of that debt into equity.
15 Sept 2008material agreement● Neutral
Filed the definitive debenture and warrant documents for the September 2008 Enable Growth financing.
2 Sept 2008capital raising announcement● Neutral
Hyperdynamics launched a $5 million, 10%-interest convertible-debenture offering with Enable Growth Partners.
26 Aug 2008capital raising announcement● Neutral
Routine option and stock grants to employees and a consultant.
22 May 2008material agreement● Neutral
Yorkville's warrants were repriced down to $1.65 as part of adjusting the February 2008 loan, expected to bring in $1.1 million when exercised.
12 May 2008material agreement● Neutral
The company raised about $4 million selling stock and warrants through placement agent Rodman & Renshaw under its shelf registration.
18 Apr 2008capital raising announcement● Neutral
More Series B preferred stock converted to common shares.
7 Mar 2008debt financing▼ Bad
Yorkville funded the second of three loan tranches ($1.09 million) and recorded a mortgage over the company's Louisiana leases as collateral.
8 Feb 2008capital raising announcement▼ BadMajor
Hyperdynamics turned to a new, costlier lender - Yorkville/YA Global - for a three-tranche, 20%-interest loan secured against its Louisiana oil leases, a sign that cheaper capital was getting harder to find.
17 Dec 2007capital raising announcement● Neutral
A warrant holder exercised 544,000 warrants at a reduced $1.00 strike price, adding $544,000 in cash.
6 Aug 2007capital raising announcement● Neutral
More Series B preferred stock converted into common shares.
18 July 2007capital raising announcement● Neutral
A consultant was issued a 1.5 million-share warrant as compensation.
5 July 2007capital raising announcement▲ GoodMajor
Hyperdynamics converted all of its 2006 Cornell Capital debt to equity, becoming debt-free, and a warrant-repricing incentive pulled in $5.25 million of cash exercises.
19 June 2007capital raising announcement● NeutralMajor
Bought 85% of the working interest in about 1,150 acres of Louisiana oil leases with roughly 20 active wells from Rabb Resources, which stays as operator and keeps 15%. Hyperdynamics paid $100,000 and 100,000 shares at closing but must pay a further $1,150,000 and 100,000 shares within 60 days or forfeit everything already paid and lose the deal, and it carries all working-interest costs until it has put in $4,000,000.
18 June 2007capital raising announcement▼ Bad
The company settled two lawsuits by issuing stock and warrants to the plaintiff rather than paying cash.
12 Apr 2007capital raising announcement● Neutral
Hyperdynamics extended and repriced roughly 3.5 million investor warrants (raising the strike from $2 to $4) to keep a future capital source open.
1 Dec 2006capital raising announcement● Neutral
A further small warrant exercise brought in $4,220.
7 Nov 2006capital raising announcement● Neutral
An investor exercised warrants for a token $25,000, part of the ongoing Cornell Capital financing.
28 Sept 2006material agreement▲ GoodMajor
Subsidiary SCS Corporation signed a Hydrocarbon Production Sharing Contract with the Republic of Guinea - the offshore exploration concession that would define the company for the next decade.
18 Aug 2006material agreement● Neutral
Hyperdynamics formalized a new employment contract for CEO and Chairman Kent Watts running through mid-2009, with standard severance terms.
23 June 2006capital raising announcement● Neutral
The company drew $1.8 million of a planned $6 million convertible-debenture financing from Cornell Capital Partners, its next source of dilutive capital.
6 Jan 2006listing compliance notice▼ Bad
HYPERDYNAMICS CORP withdrew a registration statement, abandoning the offering it covered.
18 Aug 2005capital raising announcement● Neutral
Hyperdynamics drew a first $909,000 from Dutchess Private Equities under a $20 million equity line, its earliest dilutive-financing arrangement.
4 May 2005listing compliance notice▲ GoodMajor
the American Stock Exchange certified HYPERDYNAMICS CORP's securities for listing, clearing them to begin trading.
15 June 2001asset acquisition disposition● NeutralMajor
A Belize company owned by chairman Kent Watts' relatives (DJX Ltd) took majority voting control of Hyperdynamics by trading preferred stock for SCS Corporation - the shell that would later hold the company's Guinea oil concession.