Hyperdynamics Snapshot
Not as hyper as it was, but still dynamic, Hyperdynamics has shifted its business focus from IT consulting services to oil and gas exploration, primarily in Africa. Its SCS Corporation subsidiary concentrates on developing an oil and gas concession located offshore in the Republic of Guinea in West Africa. Hyperdynamics' HYD Resources subsidiary and gas exploration and production company focuses on low-risk shallow exploration projects in Louisiana, where in 2008 it held proved reserves of 150,435 barrels of oil. Chairman Kent Watts, who stepped down as CEO in 2009, owns 17% of Hyperdynamics.
