Hyperdynamics Extension of Letter of Intent

HOUSTON, May 9, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics' concession offshore the Republic of Guinea.  The letter of intent has been extended until May 20, 2011 in order to provide sufficient time for the parties to finalize negotiations of the contract terms.

Source: http://www.hyperdynamics.com