Hyperdynamics Corporation announced several additions to its management team designed to position the Company for its upcoming drilling program. Sergei Alexeev has joined Hyperdynamics as Vice President-Commercial Development on a consulting basis and will assume the role of Chief Financial Officer in January 2017. David Gullickson has joined the company as Vice President-Finance and Treasurer.

Forrest Estep has joined Hyperdynamics as Vice President-Operations. Randy Ditmore of Houston Drilling Management has been engaged by the Company as consulting Drilling Manager, reporting to Mr. Estep. Alexeev, Gullickson and Estep will report to Ray Leonard, Hyperdynamics President and Chief Executive Officer.

Mr. Alexeev most recently served as Chief Operating Officer for Soyuzneftegaz, a Russian oil and gas company, and earlier was the First Vice-President for Rosneft, Russia's large oil and gas producer, in charge of Economics, Finance and Business Development. Mr. Gullickson joined Hyperdynamics from the Tatum consultancy, where he served numerous energy client companies over the last 10 years in a variety of senior management roles, including interim CEO, CFO, Controller and Treasurer. Mr. Estep has more than 30 years of drilling, completions and production experience.

Most recently he served as Vice President-Drilling and Completions for Afren Resources, leading exploration and development drilling activities in multiple locations in Africa and the Middle East. Mr. Ditmore has over 35 years of experience in production, drilling and completion engineering, working in numerous onshore U.S. basins, the Gulf of Mexico Shelf and Deepwater, the North Sea, Caspian Sea and the Eastern Mediterranean Sea. He is seconded to Hyperdynamics from Houston Drilling Management and previously worked with Noble Energy and Amoco.