UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]           Quarterly report pursuant to Section 13 or 15(d) of the Securities
              Exchange Act of 1934:  For the quarterly period
              ended: March 31, 1998

                                       or

[ ]           Transition report pursuant to Section 13 or 15(d) of the 
              Securities Exchange Act of 1934: For the transition period
              from _______ to _________

                        Commission file number: 000-25496

                            HYPERDYNAMICS CORPORATION
             (Exact name of registrant as specified in its charter)

                   Delaware                                        87-0400335
      (State or other jurisdiction of                            (IRS Employer
      incorporation or organization)                         Identification No.)

                         2656 South Loop West, Suite 103
                              Houston, Texas 77054
          (Address of principal executive offices, including zip code)

                             RAM-Z ENTERPRISES, INC.
                           (Registrant's former name)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes X No ___

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         As of March 31, 1998,  11,660,989  shares of common  stock,  $0.001 par
value, were outstanding.

         Transitional Small Business Disclosure Format (check one):Yes [ ] No[X]








                            HYPERDYNAMICS CORPORATION


                                    CONTENTS
<TABLE>
<CAPTION>

PART I.  FINANCIAL INFORMATION                                                           Page
<S>                                                                                      <C>            

         Item 1. Financial Statements

                  Consolidated Balance Sheet at
                           March 31, 1998 (unaudited)                                    3

                  Consolidated Statements of Income for the three
                           and nine months ended March 31, 1998
                           and 1997 (both unaudited)                                     4

                           Consolidated Statements of Stockholders' Equity
                                    for the nine months ended March 31,
                                    1998 and 1997 (both unaudited)                       5

                  Consolidated Statements of Cash Flows for the nine
                           months ended March 31, 1998 and 1997
                           (both unaudited)                                              6

                  Notes to Consolidated Financial Statements                             7

         Item 2. Management's Discussion and Analysis of Financial
                           Condition and Results of Operations                           9

PART II. OTHER INFORMATION

         Item 6.    Exhibits and Reports on Form 8-K                                    13

                              (a)   Exhibits

                              (b)   Reports on Form 8-K

SIGNATURES                                                                              14
</TABLE>
<PAGE>


PART 1.  FINANCIAL INFORMATION

Item 1.  Financial Statements

                            HYPERDYNAMICS CORPORATION
                                  Balance Sheet
                                 March 31, 1998


                                          ASSETS
<TABLE>
<S>                                                                                                        <C>

CURRENT ASSETS
   Cash                                                                                              $      17,025
   Accounts Receivable                                                                                      47,184
   Employee advances                                                                                           700
   Inventory                                                                                                30,903
   Prepaid expenses                                                                                         92,566
   Revenue interest current portion                                                                         47,900
                                                                                                  --------------
                  TOTAL CURRENT ASSETS                                                                     236,278

PROPERTY AND EQUIPMENT                                                                                       1,213
REVENUE INTEREST                                                                                            99,659
OTHER ASSETS                                                                                                 3,348
                                                                                                      ---------------

                                                                                                      $    400,498

                  LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Convertible notes payable to stockholders                                                          $     37,500
   Accounts payable                                                                                        314,033
   Accrued expenses                                                                                         23,860
                                                                                                        --------------
                  TOTAL CURRENT LIABILITIES                                                                375,393

                  TOTAL LIABILITIES                                                                        375,393

STOCKHOLDERS' EQUITY
   Common stock, par value $0.001; 50,000,000 shares
      authorized; 11,499,322 shares issued and outstanding                                                  11,499
   Additional paid-in capital                                                                            1,085,209
   Retained (deficit)                                                                                   (1,071,603)
                                                                                                              -----------
                  TOTAL STOCKHOLDERS' EQUITY                                                                25,105

                                                                                                      $    400,498
</TABLE>
                        See notes to financial statements
                            HYPERDYNAMICS CORPORATION
                         Consolidated Income Statements
               3 Months and 9 Months Ended March 31, 1998 and 1997


<TABLE>
<CAPTION>
                                                                          3 months ended Mar. 31,    9 months ended Mar. 31,
                                                                    1998              1997               1998            1997
                                                               --------------    --------------     -------------   ---------
<S>                                                                    <C>              <C>           <C>                 <C>       

REVENUES                                                          $   174,397       $   364,495        $  640,621       $1,362,029
COST OF REVENUES                                                      115,505           314,820           560,604        1,181,798
                                                                  ------------    -------------      -------------    ------------

                  GROSS MARGIN                                         58,892            49,675            80,017          180,231
                                                                -------------     -------------      ------------     ------------

OPERATING EXPENSES
   Selling                                                             24,461            12,889            44,483           27,691
   General and administrative                                         177,541           166,717           448,662          456,692
   Interest                                                                               1,331             3,373            2,543
   Depreciation                                                         4,481            43,592            12,235           70,122
                                                                 -------------- -----------------    -------------   -------------- 
      Total operating expenses                                        206,483           224,529           508,753          557,048
                                                                 ------------ ----------------- -----------------     ------------

                  OPERATING LOSS                                  (   147,591)       (  174,854)       (  428,736)      (  376,817)

OTHER INCOME (EXPENSE)
   Miscellaneous other income
   Loss from discontinued operations                                                                                    (    53,351)
                                                                ------------------ --------------       ----------     ------------

                  NET LOSS BEFORE
                      INCOME TAXES                                (   147,591)      (   174,854)       (  428,736)      (  430,168)

INCOME TAX (BENEFIT)                                                                     50,616                             70,607
                                                           ------------------------------------------------------------------------
NET LOSS                                                            $(147,591)        $(124,238)        $(428,736)       $(359,561)
                                                                    ==============================================    =============

(LOSS) PER COMMON SHARE
   Continuing operations                                               $(0.02)           $(0.03)           $(0.07)          $(0.06)
   Discontinued operations                                               0.00              0.00              0.00            (0.01)
                                                                      -------           -------           -------          -------

NET LOSS PER COMMON SHARE                                              $(0.02)           $(0.03)           $(0.07)          $(0.07)
                                                                       ====== ================= =================           ======

Weighted average shares outstanding                                 6,566,056         5,256,891         6,566,056        5,061,198

</TABLE>




                        See notes to financial statements
<PAGE>

                            HYPERDYNAMICS CORPORATION
                 Consolidated Statements of Stockholders' Equity
                     9 Months Ended March 31, 1998 and 1997

<TABLE>
<CAPTION>

                                                       - -Common Stock - -      Paid-in           Retained
                                                      Shares        Amount        Capital         (Deficit)        Totals
<S>                                                    <C>           <C>          <C>               <C>            <C>
AS RESTATED
   Balances, June 30, 1996                             804,000    $    804        $ 107,242    $(     2,861)     $ 105,185

Issuance of stock for merger with:
   Houston Creative
       Connections, Inc.                             2,102,000       2,102       (    2,102)        216,487        216,487
   RAM-Z Enterprises, Inc.                             480,175         480      (       480)

Common stock issued for cash                           151,175         151          135,533                        135,684

Common stock issued for services                     3,108,383       3,108           27,291                         30,399

Divestiture of Houston Creative
   Connections, Inc.                                (2,102,000)   (  2,102)           2,102

Issuance of stock to former owners of
   MicroData Systems, Inc.                             700,000         700      (       700)

Net (loss)                                                                                       ( 359,561)      ( 359,561)

Balances, March 31, 1997                             5,243,558      $ 5,243       $ 268,886     $  145,935       $ 128,194
                                                     =========     =======        =========      ==========      =========



Balances, June 30, 1997                              5,596,989     $ 5,597      $   696,111     $(  642,867)    $   58,841

Options exercised                                       64,000          64           39,936                         40,000

Conversion of debt                                   5,833,333       5,833          344,167                        350,000

Stock issued for cash                                    5,000           5            4,995                          5,000

Net (loss)                                                                                      (   428,736)     ( 428,736)

Balances, March 31, 1998                            11,499,322     $11,499       $1,085,209     $(1,071,603)    $   25,105
                                                    ==========     =======       ==========     ===========     ==========

</TABLE>

                        See notes to financial statements
<PAGE>

                            HYPERDYNAMICS CORPORATION
                      Consolidated Statement of Cash Flows
                     9 Months Ended March 31, 1998 and 1997
<TABLE>
<CAPTION>


                                                                                    1998              1997

                                                                              ---------------    ---------
<S>                                                                                  <C>            <C>                 

CASH FLOWS FROM OPERATING ACTIVITIES
    Net (loss)                                                                   $(  428,736)       $(  359,561)
     Adjustments to reconcile net income to cash
        provided from operating activities
         Depreciation and amortization                                                12,235             70,122
         Divestiture of Houston Creative Connections, Inc.                                              216,487
         Common stock issued for services                                                                36,596
         Changes in:
               Restricted certificate of deposit                                      70,000
              Accounts receivable                                               (      7,412)           108,908
              Due from officers                                                        4,166
              Inventory                                                         (      4,166)
              Other assets                                                       (    76,325)       (    27,796)
              Accounts payable                                                       122,371        (    85,533)
              Accrued expenses                                                  (      7,102)             7,026
              Deferred revenue                                                                            6,316
                                                                                ------------------ --------------
NET CASH USED FOR OPERATING ACTIVITIES                                            (  314,969)        (   27,435)
                                                                                  -----------        ------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Increase in other assets                                                                       (    63,103)
     Collection of revenue interest                                                   29,441
     Purchase of fixed assets                                                    (    52,515)       (    62,411)
                                                                                ------------       ------------
NET CASH USED FOR INVESTING ACTIVITIES                                           (    23,074)        (  125,514)
                                                                                ------------        -----------

CASH FLOWS FROM FINANCING ACTIVITIES
     Sale of common stock                                                            395,000            135,684
     Net increase (decrease) under line of credit                                (    70,000)            70,000
     Reduction in notes payable                                                   (  350,000)       (    32,177)
                                                                                 -----------       ------------
NET CASH PROVIDED FROM FINANCING ACTIVITIES                                      (    25,000)           173,507
                                                                                ------------       ------------

                  NET DECREASE IN CASH                                           (    13,043)            20,558
                  CASH AT BEGINNING OF PERIOD                                         30,068            102,907
                                                                               -------------       ------------
                  CASH AT END OF PERIOD                                         $     17,025        $   123,465
                                                                                ============        ===========


SUPPLEMENTAL INFORMATION
     Interest paid                                                              $        279        $     1,356

</TABLE>



                        See notes to financial statements
<PAGE>

                            HYPERDYNAMICS CORPORATION
                          NOTES TO FINANCIAL STATEMENTS

1.       The unaudited  condensed  consolidated  financial  statements have been
         prepared in accordance with generally  accepted  accounting  principles
         for interim financial  information.  The financial statements contained
         herein  should  be read  in  conjunction  with  the  audited  financial
         statements of the Company. Accordingly, footnote disclosure which would
         substantially  duplicate the  disclosure in those  statements  has been
         omitted.

     2. In October  1997,  the Company  agreed to assume the  operations  of two
small  companies  engaged in sales of wireless  cable  products  and services by
signing  employment  agreements with the two owners of these two companies.  One
owner received a total of $40,000 as a prepaid  commission for assignment of all
sales in process.  As of March 31, 1998, $40,000 has been paid and is carried as
a current  asset  pending the expected  realization  of these orders in the next
accounting  quarter.  The other owner has an agreement to receive 144,000 shares
of Company stock  contingent on  collections by the Company of at least $144,000
in  contingent  FCC license  consultation  fees. A Company  subsidiary,  Wired &
Wireless  Corporation,  is continuing these sales efforts. As of March 31, 1998,
the Company has collected  $5,000 in  consultation  fees, and issued 5 shares of
common stock.
3.       In October  1997,  the Company  entered into two  executive  employment
         Agreements  whereby  the  Company  agreed to pay a total of $14,600 per
         month.  Other  incentives  are  based on  performance.  The  agreements
         terminate June 30, 1998 and October 15, 1998.

4.       The Company  received  $350,000  from  Emerald Bay  Interests,  Ltd. as
         convertible  debt.  The debt matured  August 31, 1997 and was converted
         into  5,833,333  shares of common  stock at $0.06 per share in  January
         1998.

5. Convertible notes payable to stockholders in the amount of $37,500 matured in
January 1998. The notes are payable upon demand, or may be converted into 25,000
and 5,000 shares at $1.00 and $2.50 respectively. As of May 8, 1998,
         no refinancing or conversion has been completed.

6.       In December 1997, options for 64,000 shares were exercised for $40,000.

<PAGE>

                            HYPERDYNAMICS CORPORATION
                          NOTES TO FINANCIAL STATEMENTS

     7.  Options  for  336,000  shares  at $1.25  were  issued  to  professional
consultants for services during July 1997.  Management believes $1.25 represents
the fair  market  value of the  stock on the date of  grant.  Options  for 3,350
shares at $1.00 were issued to  professional  consultants  for  services  during
December 1997.  Management  believes $0.625  represents the fair market value of
the stock on the date of grant.  Also in  December  1997,  options  for  375,000
shares were canceled and reissued.  The exercise price was changed from $1.25 to
$0.625 for  125,000  shares,  $1.00 for 125,000  shares,  and $1.375 for 125,000
shares.

8. In April 1998, options for 162,875 shares were exercised for $140,000.
































Item 2. Management's Discussion and Analysis of Financial Condition and 
                        Results of Operations

General Discussion

         HyperDynamics  Corporation is an information  systems  services company
that provides  integrated  wired and wireless voice,  video, and data technology
that maximizes a business=s return on its technology investment. The Company has
accomplished two tactical  business  transactions with Wireless Cable Connection
and Barris  Communications,  Inc.  that allow it to  confidently  enter into the
wireless  technology  market. The Company has continued to invest in and develop
its wireless  capability  through its subsidiary Wired and Wireless  Corporation
during the quarter ended March 31, 1998.  This increased  investment is expected
provide positive results ramping up during the fourth quarter to end on June 30,
1998. These expected results include:

         Significantly  increased  revenues and gross margins from International
         customers  for  wireless  TV  equipment  sales  An  expanding  wireless
         technical  foundation  to provide  core  capability  necessary to offer
         completely designed,
              implemented, and maintained MMDS based wireless systems around the
              world.  This capability  should  significantly  boost gross margin
              averages as well.
         Providing  the  capability  of the  Company  to build  out and  operate
              strategically  acquired  wireless TV markets  which will present a
              recurring revenue opportunity.
         Providing the  capability  for  HyperDynamics  Corporation  to  develop
              integrated wired and wireless information systems  infrastructures
              to include our  customers  voice,  video,  and data  communication
              needs  associated with their own intranet and integrated  Internet
              access to the world.

         This quarter ended March 31, 1998, the Company has more clearly defined
the business  plan for  MicroData  Systems,  Inc.  (Wholly  owned  subsidiary of
HyperDyanamcis Corporation).

Results of Operations

         As a result of the primary focus on tactical  acquisitions for wireless
technology  and a related  delay due to  technical  problems  with the  wireless
equipment,  revenues have decreased to $174,397 for the three months ended March
31,1998, from $364,495 for the same period in 1997. The decrease was a result of
the  investment  focus in Wired and  Wireless  with  respect to limited  capital
resources  available  and a  technical  problem  with  equipment  ordered in the
quarter but not delivered yet as a result.

         Cost of Revenues decreased,  correspondingly to the sales decrease,  to
$115,505 in the period,  from $314,820 for the same period in 1997. Gross margin
percentage was considerably more at 51% in the quarter compared to 15.7% for the
same period last year as a result of reduced  hardware  sales and the beginnings
of increased higher margin services for MicroData.

         Selling,  General and Administrative  expenses Increased to $202,002 in
the three month  period,  as  compared to $179,606  for the same period in 1997.
This increase was caused by the additional  overhead for two executive contracts
for Wired and Wireless which  increase  General and  Administrative  expenses by
approximately $46,288 for the quarter. These contracts were not in place for the
same period in 1997. The Company chose not to capitalize  these costs as startup
costs for this first  several ramp up months of Wired and  Wireless  operations.
Additionally,  sales and  marketing  expenses  for  international  business  was
$24,461 for the quarter and did not exist in 1997.

         Net Loss. The net loss of the Company was $(147,591) for the three
months ended December 31, 1997, or ($.02) per share.

Liquidity and Capital Resources

         During this  quarter  the key bridge  financing  loan of  $350,000  was
converted  to  5,833,333  restricted  common  stock  shares.  Under the terms of
conversion  no stock was  converted  for accrued  interest and the debt has been
completely  converted to equity.  As of March 31, 1998, the Company continues to
operate  with a current  ratio of 1.07 and a negative  quick ratio  indicating a
tight cash flow position.  Subsequent to the end of the quarter, the Company has
received  $170,000 of cash  contribution  through the  exercising of outstanding
options for 192,875 shares of common stock in the Company. A requirement for the
HyperDynamics  business plan is to obtain significant equity funding starting in
the 3rd quarter 1998 for the following purposes:

         To   support our growing  working  capital  requirement for our rapidly
              expanding sales volume so as to provide the necessary liquidity to
              keep this progress from slowing down
         To   help close additional tactical  acquisitions that will immediately
              enhance the core  capabilities,  sales volume,  margins and bottom
              line profitability of the Company
         To   provide working capital and some investment  capital for marketing
              and sales activity that will allow the most talented people of our
              tactical  acquisitions  to focus on increased  sales  forecast and
              critical  operations  instead  of being  bogged  down by having to
              manage tight cash flow.
         To   provide investment  capital for strategic,  money making technical
              assets  including  hardware  and software  purchases  and software
              development.
         To step  closer to  qualification  for  small-cap  NASDAQ  or  American
Exchange qualifications.

         The company has plans to raise a minimum of five  million in the next 9
months to support these requirements. In addition to other capital raising plans
and strategies  will be established and specified in the 4th quarter of FYE 1998
ending June 30, 1998.

Prospective Information

         HyperDynamics  Corporation has positioned itself to support and sustain
the anticipated significant revenue growth over the remainder of the fiscal year
1998 and throughout FYE 1999.

                      HyperDynamics  Corporation  is an  information  system  
services  company that provides  integrated  wired and wireless,  voice,  video,
and data  communications  technology that maximizes a business's return on its 
technology investment. See www.hyd.net.

-icroData Plans

         In line with the Information System Services direction of HyperDynamics
Corporation, MicroData will re-focus its sales and marketing plan towards:

              Providing wired and wireless Intranet and Internet Integration
using client-server application technology.

         MicroData's plans for sales and marketing focus are as follows:

              Client-server  based  accounting  systems with uniquely  developed
              vertical  industry  capabilities  Office  automation  and database
              integration Telephony integration Internet application development
              and integration Niche software application development
              Personal computer integration and custom hardware solutions

         With the  capital  constraint  based focus this year being on the Wired
and Wireless  investment through Wired and Wireless  Corporation,  MicroData has
taken a back seat to  developing  its area of the business  plan.  However,  the
areas of its significant technical improvements so far this year are:

              Greatly  enhanced  PC  integration  and custom  hardware  solution
              capability for sales, implementation, and support. Rapidly growing
              Internet application development and integration  capability.  See
              www.hyd.net. Expanding software development ability to support the
              client-server based accounting systems which are scheduled to
                  be ramped up during the first quarter of FYE 1999 beginning in
July of this year.

         HyperDynamics  has targeted  plans for  acquisitions  and investment to
enhance MicroData's capabilities in the areas of:

              Marketing and sales of Intranet and Internet  integration  as well
                  as sales and marketing for Great Plains CS+ SQL  client-server
                  based accounting software and related development and Internet
                  integration projects.
              Telephony  integration  expertise  to  enhance  our voice and data
              integration  platform.  Custom  software  application  development
              capabilities.  Ongoing  commitment to technical  certification and
              compliance for the Microsoft NT computing platform.

Wired and Wireless Plans -

         By  adding  the new Wired &  Wireless  subsidiary,  revenues  and gross
profit margins are expected to increase  substantially.  This fiscal year, Wired
and Wireless has been the primary core  investment of  HyperDynamics  to help it
solve its core revenue and capitalization issues. During the quarter ended March
31, 1998,  the Company has  experienced an unexpected  technical  delay from the
manufacturer for a purchase order received and pending delivery in the amount of
$350,000.  It was believed  that this order would ship during the quarter  ended
March 31, 1998. The Company  expects to either ship this  particular  order this
quarter  ending June 30, 1998 or to get its $40,000  pre-paid  deposit  returned
post haste.  Regardless of the  resolution to this  particular  sale or possible
cancellation thereof, it has no bearing on the wireless  down-converter business
which remains the primary focus.

         Wireless TV equipment sales-

         After a three month delay,  purchase orders for June and July 1998 have
         been  received  and are being  processed  in the amount of $110,000 and
         $148,500 respectively.

         Through the forecast of Joe Barris, Vice President for Wired & Wireless
         Corporation,  the  forecast  for  international  sales of  wireless  TV
         equipment is growing  rapidly.  The Company will  continue to invest in
         the area of sales  and  marketing  for  wireless  TV  equipment  sales.
         Additionally,  the Company is negotiating a distribution agreement with
         key  manufacturers  of  strategically  based  wireless  equipment.  The
         Company  plans to market its own private  brand of  down-converter  and
         transmitter equipment.

         Wireless System Sales-

         Among  other  goals  the  Company  will  start  to  make  international
         customers  aware of the  turn-key  wireless  system  talent that it has
         available to service their wireless needs.


         As of May 14,  1998,  the Company is expected to improve its  operating
results on a monthly basis.  Pending the outcome of current orders pending,  the
Company  could  start  reporting  profits in the 1st  quarter of FYE 1999 ending
September 30, 1998.


PART II. OTHER INFORMATION

         Item 6.  Exhibits and Reports on Form 8-K

                  (a)      Exhibits

                           The following  exhibits are filed with this Quarterly
Report or are incorporated herein by reference:

                               Exhibit Number                    Description

                                  27                    Financial Data Schedule

                  (b)      Reports on Form 8-K

                           On January  28,  1998,  the  Company  filed a current
                           report on Form 8-K  regarding  a change in control of
                           the Company.





<PAGE>

                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                            HYPERDYNAMICS CORPORATION
                                (Registrant)

                            By:   /s/ Kent Watts
                            Kent Watts, Chairman of the Board, Chief
                            Executive Officer and Chief Accounting Officer

Dated: May 17, 1998

                                 EXHIBITS INDEX

     Exhibit Number                 Description

         27                    Financial Data Schedule