Empower Capital Adds Former Tullow Africa Head to Slate of Director Nominees and Repeats Call That Urgent Change Is Needed at Hyperdynamics

NEW YORK, NY / ACCESSWIRE / DECEMBER 17, 2015 / Empower Capital today
announced that it has added Andrew Windham to its slate of experienced
and proven oil & gas and Africa focused business leaders which it
has nominated to the Board of Directors of Hyperdynamics Corporation (OTCQX: HDYN), the oil & gas exploration company focused on the Republic of Guinea in West Africa.

Andrew Windham is the former Managing Director for Tullow Oil PLC’s
Africa Region and is currently a Director at T5 Oil and Gas, which is
an Africa focused oil & gas exploration and investment company
founded by previous Tullow Board members and senior executives.

“I have been shocked to see the amount of mismanagement taking place at Hyperdynamics
and am surprised that those responsible are still running the Company,” said Mr. Windham. “We believe that with the right independent
directors in place and with support from the Company’s partners real
value can be created for shareholders,” Mr. Windham further added.

In its December 1 open letter to shareholders, Empower Capital and
the slate of director nominees highlighted the substantial problems the
CEO and certain legacy board members have caused and continue to cause
the Company. The letter also recommended, among other things, that a
new strategy is needed that will be focused on positioning the Company
for growth, addressing the substantial capital allocation issues, and reengagement
with global partners and stakeholders, thus creating significant value
for shareholders which can only be achieved by a reconfigured board and
leadership that has proven expertise, the right relationships, and a
clear plan.

The move by the CEO to further enrich himself at the Company’s
expense instead of working to do what’s best for the Company and
shareholders is an additional display of why new leadership is required
at Hyperdynamics, Empower Capital
believes. Empower Capital also indicated that the shareholder meeting
which has been postponed by over six weeks to January 27, 2016 should
not be postponed any further.

“Although it was originally proposed that Andrew would be a part of our Advisory Board going forward, the CEO’s actions caused all interested parties to determine that having Andrew as part of the nominee slate instead would rebalance Ray Leonard’s desire to entrench himself.”

“It’s time that we fix the historical problems so that the Company
doesn’t find itself in a position of running out of money and not being
able to maneuver in its best interest before the next development
milestones are achieved.”, William Hayden, one of the director nominees
said.

Empower Capital has proposed an experienced and focused slate of four
director nominees to work alongside select capable existing directors to re-establish trust in the Company and position it for long-term
growth.

The four director nominees are Dr. Gerald Bailey, William Hayden,
James Wilson, and Andrew Windham. Further information and background
about the director nominees is available in Empower Capital’s
comprehensive presentation and forth coming filings.

About Empower Capital

Empower Capital is an emerging natural resource and development
projects sponsor and investor. Empower Capital has partnered with some
of the largest international infrastructure and resource development
companies for growth projects in multiple countries in Africa.

Additional Information

Empower Capital and James Wilson intends to make a filing with the
Securities and Exchange Commission of a proxy statement and an
accompanying proxy card to be used to solicit proxies in connection with
the 2015 Annual Meeting of Stockholders (including any adjournments or
postponements thereof or any special meeting that may be called in lieu
thereof) (the “2015 Annual Meeting”) of the Company. Information
relating to the participants in such proxy solicitation will be included
in materials filed with the Securities and Exchange Commission. Stockholders are advised to read the definitive proxy statement and
other documents related to the solicitation of stockholders of the
Company for use at the 2015 Annual Meeting when they become available
because they will contain important information, including additional
information relating to the participants in such proxy solicitation. When completed and available, the definitive proxy statement and a form
of proxy will be mailed to shareholders of the Company. These materials
and other materials filed in connection with the solicitation of
proxies will be available at no charge at the Securities and Exchange
Commission’s website at www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements

The information herein contains “forward-looking statements.”
Specific forward-looking statements can be identified by the fact that
they do not relate strictly to historical or current facts and include,
without limitation, words such as “may,” “will,” “expects,” “believes,”
“anticipates,” “plans,” “estimates,” “projects,” “targets,” “forecasts,”
“seeks,” “could” or the negative of such terms or other variations on
such terms or comparable terminology. Similarly, statements that
describe our objectives, plans or goals are forward-looking. Our
forward-looking statements are based on our current intent, belief,
expectations, estimates and projections regarding the Company and
projections regarding the industry in which it operates. These
statements are not guarantees of future performance and involve risks,
uncertainties, assumptions and other factors that are difficult to
predict and that could cause actual results to differ materially. Accordingly, you should not rely upon forward-looking statements as a
prediction of actual results and actual results may vary materially from
what is expressed in or indicated by the forward-looking statements.

SOURCE: Empower Capital

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