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Topic: HDY...HUGE

imrann
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i know its not a penny stock but the news today is huge and i just wanted to let u guys all know about it!! i am in

Hyperdynamics' Trendsetter Production Co. Signs Natural Gas Sales Contract with BP
Friday September 16, 11:06 am ET
Norris Field Wells to Connect to El Paso Energy Pipeline

HOUSTON--(BUSINESS WIRE)--Sept. 16, 2005--Hyperdynamics Corp. (AMEX: HDY - News) announced today that its subsidiary, Trendsetter Production Co., has signed a contract with BP Energy Co., part of BP p.l.c. (NYSE: BP - News) to sell its natural gas at market price. The company also signed a contract with Tennessee Gas Pipeline, a subsidiary of El Paso Energy (NYSE: EP - News), to provide pipeline facility connection for its natural gas to be sold to BP.
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Trendsetter currently has 12 wells located on its Willard Norris Lease that have been awaiting the execution of these contracts and completion of a gas gathering system. The company is diligently moving forward with installing the production facilities and expects to be producing these wells sometime in October.

Kent Watts, CEO of Hyperdynamics, said, "With these agreements in place, we have the ability to increase our production revenues. We can also look seriously at all the rest of our acreage in the vicinity of our new gas gathering and transmission system, and drill wells specifically to maximize natural gas revenues in addition to our oil production."

About BP

BP is of one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. More information about BP can be found at: www.bp.com

About El Paso Energy

El Paso Corp. provides natural gas and related energy products in a safe, efficient, dependable manner. They own North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers. More information about the company can be found at: www.elpaso.com

About Hyperdynamics

Hyperdynamics Corp. provides energy for the future by exploring and exploiting new energy sources worldwide. The company's internationally active oil and gas subsidiary, SCS Corp., owns rights to explore and exploit acreage offshore West Africa. HYD Resources Corp. focuses on domestic production in proven areas. For more information on Hyperdynamics: www.hypd.com

Safe Harbor Statement: Statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, detailed in the company's filings with the SEC.

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Contact:
Hyperdynamics Corp., Houston
Chris Watts, 713-353-9400
Cwatts@hypd.com
or
Stock Enterprises
Jim Stock, 702-274-5400
stockenter@aol.com

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