Hyperdynamics Corporation (OTCMKTS:HDYN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 19, 2017, Hyperdynamics Corporation (“we” or “our”) appointed Sergey Alekseev as Senior Vice President and Chief Financial Officer of Hyperdynamics Corporation. Mr. Alekseev joined Hyperdynamics in September 2016 as Vice President-Commercial Development as a non-employee consultant.

Prior to joining Hyperdynamics, Mr. Alekseev was Chief Operating Officer for Soyuzneftegaz, a Russian oil and gas company, and was Chief Financial Officer and First Vice President for Rosneft. Previously, he also held executive positions with ABN AMRO Bank and Coopers & Lybrand, both in Moscow. Mr. Alekseev holds a Diploma in International Financial Relations from the Moscow Institute of International Relations and a Master’s degree in International Economics (MSc.Ec.) from the London School of Economics.

Mr. Alekseev will receive an annual salary of $300,000 and be eligible to receive discretionary bonuses based on performance. Mr. Alekseev also received 30,000 Incentive Stock Options of Hyperdynamics Corporation dated April 19, 2017 with immediate vesting and a 5 year term.

On April 20, 2017, effective April 17, 2017, David Gullickson resigned his position as Vice President of Finance, Treasurer, Principal Accounting Officer and Corporate Secretary.

About Hyperdynamics Corporation (OTCMKTS:HDYN)

Hyperdynamics Corporation is an independent oil and gas exploration company with prospects in offshore Republic of Guinea (Guinea) in Northwest Africa pursuant to rights granted to the Company by Guinea (the Concession) under a Hydrocarbon Production Sharing Contract (PSC). The Company’s primary focus is the advancement of exploration work in Guinea. The Company, through its subsidiary, SCS Corporation Ltd, conducts international oil and gas exploration activities in Guinea. The Company is conducting its work in Guinea under the PSC. The Company is having certain contractual rights to explore and exploit offshore oil and gas reserves, if any, off the coast of Guinea (the Contract Area). Its prospects are in an underexplored basin with Turbidite fans and four-way closures. As of June 30, 2016, the Contract Area in the Concession was 18,750 square kilometers. The Company has not generated any revenues.

Hyperdynamics Corporation (OTCMKTS:HDYN) Recent Trading Information

Hyperdynamics Corporation (OTCMKTS:HDYN) closed its last trading session up +0.08 at 1.77 with shares trading hands.