Hyperdynamics' Executives Meet With U.S. Ambassador Phillip Carter III and Overseas Private Investment Corporation (OPIC) in Washington DC.

HOUSTON -- Hyperdynamics Corporation (AMEX:HDY), today announced that last week Famourou Kourouma, Hyperdynamics' Vice President of Guinea Affairs traveled to Washington, D.C. together with Executive Vice President, Harry Briers. In a private meeting Mr. Kourouma was formally introduced to Phillip Carter III, U.S. Ambassador to the Republic of Guinea. The two met with the Ambassador for some time regarding its operations in Guinea. While Mr. Kourouma is preparing to return to Guinea, he took the opportunity to also update Ambassador Carter regarding the recent visit of the presidential delegation sent directly by Guinea's Chief of State, President Lansana Conte to visit the Company in Houston.

When asked to comment Mr. Kourouma said, "I believe that Ambassador Carter sees that an open and transparent policy promoting the free democracy of Guinea is important and that regular and consistent communication between the two countries will help to continually strengthen relations. Being born and raised in Guinea and now as a U.S. citizen, I have no doubt that this would be great for both countries. We look forward to working closely with our new Ambassador in Guinea."

After the visit with Ambassador Carter, a meeting was held at the offices of the Overseas Private Investment Corporation (OPIC), where the executives were able to discuss at length the possible options for project insurance and financing. OPIC is a U.S. quasi-governmental organization that provides investment insurance and other financial services such as financing production facilities for companies operating in foreign countries.

While in Washington, Kourouma and Briers also attended the Economic Policy Forum and Reception in honor of the U.S. Ambassadors Serving in Sub-Saharan Africa. The event was held on Wednesday, October 17th at the Fairmont Hotel there in Washington, D.C. Most all the U.S. Ambassadors to the African nations attended. Other notable attendees were representatives of the Export Import Bank (Ex-Im Bank) and OPIC. The event was sponsored by the Business Council for International Understanding and co-sponsored by the Corporate Council on Africa. More information is available on these organizations at the following site: www.bciu.org.

Kent Watts, the Company's Chief Executive said, "Along the lines of the theme of the Economic Policy Forum, with the largest offshore oil and gas concession offshore West Africa, and as we move forward, we recognize the success of our work could be a major catalyst for Guinea's economic development. At the same time we cannot ignore the dire need for social aide programs. So far in Guinea, we have already engaged to help save lives during a recent and very serious Cholera outbreak. In this case, we were able to facilitate the availability of life saving treatment to numerous people including many children that otherwise could have perished. As we can, through alliances with organizations such as American Friends of Guinea, we plan to build up socially responsible programs that can make similar dramatic impact with relatively very little effort and cost. Examples include also drilling new clean water wells which can help prevent so many unnecessary deadly diseases. We see this as a moral obligation to help our friends in Guinea while we recognize that discovering their hydrocarbon reserves is the main focus and the absolute best way to help their economic development."

As an update to the events surrounding the Presidential delegation visit from Guinea, video's of the four day visit will be posted over the next few weeks beginning today at: http://www.hyperdynamics.com/presentation.htm.

About Hyperdynamics

Hyperdynamics Corporation provides energy for the future by exploring and producing sources of energy worldwide. The company's internationally active oil and gas subsidiary, SCS Corporation, owns rights to explore and exploit 31,000 square miles offshore the Republic of Guinea, West Africa. HYD Resources Corporation focuses on domestic production in proven areas. To find out more about -Hyperdynamics Corporation, visit our Website at http://www.hyperdynamics.com.

About Phillip Carter III

Phillip Carter was nominated by the President to be Ambassador to the Republic of Guinea on March 15, 2007. Mr. Carter was confirmed by the Senate on May 25, 2007 and sworn-in on July 11, 2007. Ambassador Carter took his assignment in September 2007. Recently, Mr. Carter was the Director for West African Affairs. Mr. Carter has also served as the Deputy Director in the Office for East African Affairs at the U.S. State Department.

Prior to that assignment, he was the Deputy Chief of Mission (DCM) at the U.S. Embassy in Antananarivo, Madagascar and DCM in Libreville Gabon. Before his arrival in Gabon in 1997, he was an international financial economist in the State Department's Office of Monetary Affairs in the Bureau of Economic and Business Affairs. During this period, he dealt with international debt and capital matters and served as the Department's point-person on International Monetary Fund issues with Africa.

From 1992-1994, he served as the Economic and Commercial Counselor at the U.S. Embassy in Dhaka, Bangladesh. Prior to Bangladesh, Mr. Carter was the Economic and Commercial Officer in Lilongwe, Malawi for three years. From 1987-1989, he worked in the Department's Office of Caribbean Affairs as a desk officer responsible for bilateral matters concerning the Dominican Republic, Haiti, and the Eastern Caribbean, as well as regional economic issues such as the Caribbean Basin Initiative. From 1982-1986, he served as the Deputy Principal Officer at the U.S. Consulate General in Winnipeg, Canada and as vice consul at the U.S. Embassy in Mexico City.

Mr. Carter received a Masters degree in International and Development Economics from Yale University and earned a Bachelors degree in Economics and History from Drew University where he was a member of the International Economics Honor Society (Omicron Delta Epsilon). He is the recipient of a Superior Honor Award, The Franklin Award, and several individual and group Meritorious Honor Awards. He speaks French and Spanish. A member of the Senior Foreign Service, Phillip Carter holds the rank of Counselor.

Forward Looking Statements

Statements in this news release are "forward looking" as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially. Please refer to "Risk Factors" in the company's Form 10-K filed with the SEC.

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