_______________________________________________
            _______________________________
                                
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 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, 1997
                                  
 [  ]  TRANSITION REPORT PURSUANT TO SECTION 13 or
       15(d) OF THE SECURITIES EXCHANGE ACT OF
       1934
                  
                  Commission File Number: 000-25496
                                    
                   HYPERDYNAMICS CORPORATION
         (Exact name of registrant as specified in its
                       charter)
                                          
                 Delaware                 82-0400335
              (State or other            (IRS Employer
              jurisdiction of           Identification
               incorporation                 No.)
              or organization)
                   
                                
                  5444 Westheimer, Suite 2080
                      Houston, Texas 77056
            (Address of principal executive offices,
                  including zip code)
                                
                         (713) 622-1893
         (Registrant's telephone number, including area
                         code)
                                
                    RAM-Z Enterprises, Inc.
                   (Registrant's former name)
                       _________________
                                          
                  
Check whether the issuer (1) has filed all reports required to be filed by 
Section 13 or 15(d) of the Exchange Act during the past 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 ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE 
PRECEDING FIVE YEARS
                  
Check whether the registrant filed all documents and reports required to be 
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution 
of securities under a plan confirmed by court.  Yes [ ] No [ ]
                  
APPLICABLE ONLY TO CORPORATE ISSUERS
                  
At May 1, 1997, 5,570,558 shares of common stock, $.001 par value, were 
outstanding.
                  
Transitional Small Business Disclosure Format (check one);   Yes [ ] No [x]
<PAGE>
                       HYPERDYNAMICS CORPORATION                  
<TABLE>
<CAPTION>
                            CONTENTS
<S>             <C>     
PART I - FINANCIAL INFORMATION
                  
      Item 1.Financial Statements
                  
             Consolidated Balance Sheet as of March
             31, 1997  (unaudited)       
                  
             Consolidated Statements of Operations
             for the three and nine months ended
             March 31, 1997 and 1996 (both
             unaudited)                  
                       
             Consolidated Statement of
             Stockholders' Equity for the nine
             months ended March 31, 1997 
             (unaudited)                 
                  
             Consolidated Statements of Cash Flows
             for the nine months ended March 31,
             1997 and 1996 (both unaudited)
                  
             Notes to Consolidated Financial
             Statements                  
                  
Item 2.Management's Discussion and Analysis  
       of Financial Condition and Results of 
       Operations                  
                  
PART II - OTHER INFORMATION
                  
Item 6.  Exhibits and Reports on Form 8-K
         
SIGNATURE PAGE
</TABLE>
<PAGE>

PART 1. FINANCIAL INFORMATION

ITEM 1. Financial Statements

                       HyperDynamics Corporation
                            Balance Sheet
                          As of March 31, 1997
<TABLE>
<S>                                                         <C>     
CURRENT ASSETS
     Cash                                                 123,465
     Accounts receivable                                  130,987
     Other                                                 59,878
       TOTAL CURRENT ASSETS                               314,330
     
EQUIPMENT
     Computer equipment                                   129,226
     Furniture and fixtures                                10,129
     Vehicles                                              19,101
     Leasehold improvements                                 1,126
                                                          159,582
     Less accumulated depreciation                       (106,797)
                                                           52,785
     
OTHER ASSETS, net of amortization of $8,738                65,636
     
             TOTAL ASSETS                                 432,751
     
     
LIABILITIES AND STOCKHOLDERS' EQUITY
     
CURRENT LIABILITIES
    Current portion of notes payable                        3,796
    Bank credit line                                       70,000
    Accounts payable                                      203,227
    Accrued expenses                                        9,394
    Deferred revenue                                        6,316
       TOTAL CURRENT LIABILITIES                          292,733
     
LONG TERM DEBT                                             11,824
     
STOCKHOLDERS' EQUITY
    Common stock, par value $.001, 
      authorized 50,000,000 shares,
      issued and outstanding 5,242,558 
      shares                                                5,243
    Paid-in capital                                       268,886
    Retained earnings                                    (145,935)
       TOTAL STOCKHOLDERS' EQUITY                         128,194
     
   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             432,751
</TABLE>
<PAGE>     
                       HyperDynamics Corporation
                 Consolidated Statements of Cash Flow
               9 Months Ended March 31, 1997 and 1996
<TABLE>
<CAPTION>     
                                                     1996     1995
<S>                                                   <C>      <C>
 
Cash Flows From Operating Activities
       Net income (loss)                           (359,561)  44,157      
       Adjustments to reconcile net income
         to net cash provided by operating 
         activities
           Depreciation and amortization             70,122   10,390
           Divestiture of Houston Creative          216,487
           Issuance of stock for services            36,596
       Changes in:
           Accounts receivable                      108,908 (202,307)
           Other current assets                     (27,796)  32,676
           Accounts payable                         (85,533)  83,926
           Accrued expenses                           7,026    2,251
           Deferred revenue                           6,316    2,181
     Cash Used for Operating 
              Activities                            (27,435) (26,726)
     
Cash Flows From Investing Activities
        Purchase of fixed assets                    (62,411)  (22,392)  
        Increase in other assets                    (63,103)  (4,480)
     Cash Used for Investing 
               Activities                          (125,514) (26,872)
     
Cash Flows From Financing Activities
     Sale of common stock                           135,684
     Proceeds from bank credit line                  70,000
     Payments on installment debt                   (32,177) (16,969)
        Cash Flows from Financing 
               Activities                           173,507 (16,969)
     
Net Increase (Decrease) in Cash                      20,558 (70,567)
     
Cash at Beginning of Period                         102,907  71,912
Cash at End of Period                               123,465   1,345
     
EXPENSES PAID IN CASH
     Interest                                         1,356   3,063
</TABLE>
<PAGE>     
                     HyperDynamics Corporation
                  Consolidated Income Statements
<TABLE>
<CAPTION>       
                                     3 Months Ended   9 Months Ended  
                                        March 31,      March 31,
                                    1997     1996       1997      1996
<S>                                  <C>     <C>        <C>       <C> 
REVENUES                          364,495  216,663  1,362,029   633,476
COST OF REVENUES                  314,820  171,697  1,181,798   507,507
GROSS MARGIN                       49,675   44,966    180,231   125,969
     
OPERATING EXPENSES
   Selling                         12,889    2,051     27,691     5,328
   General and 
     administrative               166,717   28,749    456,692    63,031
   Interest                         1,331      922      2,543     3,063
   Depreciation and 
     amortization                  43,592              70,122    10,390
     Total Operating 
         Expenses                 224,529   31,722    557,048    81,812
     
    Net income (loss) from
      continuing operations      (174,854)  13,244   (376,817)   44,157
     
     Income (loss) from
     discontinued operations                          (53,351)
     
Net income (loss) before 
     taxes                       (174,854)  13,244   (430,168)   44,157
                       
INCOME TAX BENEFIT                 50,616              70,607
     
NET INCOME (LOSS)                (124,238)  13,244   (359,561)   44,157
     
(LOSS) PER COMMON SHARE
     Continuing operations          (0.03)  --n/a--     (0.07)   --n/a--
     Discontinued operations         0.00               (0.01)
     NET LOSS PER COMMON 
        SHARE                       (0.02)              (0.07)
     
Weighted average shares
     outstanding                5,256,891           5,061,198
</TABLE>
<PAGE>     
                      HyperDynamics Corporation
             Consolidated Statement of Stockholders' Equity
                  9 Months Ended March 31, 1997 
<TABLE>
<CAPTIONS>     
                          Common Stock     Paid-in      Retained 
                         Shares   Amount   Capital     <Deficit>     Totals
<C>                       <C>      <C>      <C>         <C>           <C>   
  
AS RESTATED
   Balances, June 30, 
     1996                680,000    680     92,923           0         93,603
     
Issuance of stock for merger with:
   Houston Creative 
     Connections, Inc. 2,102,000  2,102        0        216,487       218,589 
   MicroData Systems, 
     Inc.                604,000    604      7,442       (2,861)        5,185 
Common stock issued for 
     cash                151,175    151    103,531                    103,682
Common stock issued for 
     services          3,108,383  3,108     63,588                     66,696
Divestiture of Houston 
   Creative Connections,
   Inc.               (2,102,000)(2,102)     2,102                       0
Issuance of stock to 
   former owners of      
   MicroData Systems, 
   Inc.                  700,000    700       (700)                      0
Net <loss>                                            (359,561)      (359,561)
     
Balances, March 31, 
   1997                5,243,558  5,243    268,886    (145,935)       128,194
     
AS RESTATED
   Balances, June 30, 
      1995                 7,500  7,500        546      (3,926)         4,120
   Net income                                           44,157         44,157
   Balances, March 31, 
      1996                 7,500  7,500        546      40,231         48,277
</TABLE>
<PAGE>        
                      HYPERDYNAMICS CORPORATION
                    Notes to Financial Statements
                    9 Months Ended March 31, 1997


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 3 acquired
  subsidiaries and the audited pro forma consolidated balance
  sheet and income statement filed with the Company's Form 8-K
  Amendment in early November, 1996 as an amendment to an 8-K
  filed August 26, 1996. Accordingly, footnote disclosure which
  would substantially duplicate the disclosure in the audited
  consolidated financial statements has been omitted.
     
2.During 1996, the Company granted 300,000 warrants to purchase
  common stock as finder's fee compensation for assisting with
  the acquisitions which occurred August 26, 1996, at prices
  ranging from $.75 to $1.25 per share. Also during this period,
  warrants for 34,000 shares were exercised, netting the Company
  $25,500. As of January 31, 1997, warrants for 170,000 have
  been exercised. Options for 9,600 shares at $1.25 were issued
  to an officer of the Company for services rendered during July
  and August, 1996.
     
3.Divestiture. On February 6, 1997, the Company agreed with the
  original shareholders of its largest acquisition, Houston
  Creative Connections, Inc., to transfer 100% of ownership of
  this subsidiary back to such original shareholders in exchange
  for their entire holdings of Company stock, or 2,102,000
  shares. In connection with this divestiture, the Company
  agreed to issue 700,000 shares for cancellation of their
  recession rights to the original shareholders of its other
  significant acquisition, MicroData Systems, Inc. A summary of
  changes in significant shareholders is as follows:
<TABLE>
<CAPTIONS>     
                                   Before Divestiture    After Divestiture
                                     Shs      %           Shs      %
<S>                                  <C>     <C>          <C>     <C>
Susanne and David Jackson . . .  1,600,000   23%
Houston Creative Mgmt. Incen.
   Plan . . . . . . . . . . . .    251,000    4
Arthur F. Click.. . . . . . . .    251,000    4
Kent Watts  . . . . . . . . . .    480,000    7       1,180,000    21%
Greg J. Micek.. . . . . . . . .    590,000    9         590,000    11
Robert Hill . . . . . . . . . .    390,000    6         390,000     7
John C. Malone  . . . . . . . .    299,000    4         299,000     6
  - others -  . . . . . . . . .  3,063,558   48       3,063,558    55
Total shares outstanding .. . .  6,625,558  100%      5,522,558   100%
</TABLE>
The income statements were restated to report this business segment
as net discontinued operations.

Item 6. Management's Discussion and Analysis of Financial Condition
        and Results of Operations

General Discussion.  HyperDynamics Corporation is a systems
integrator and re-seller of computer-related equipment. In
addition, this past quarter it has made a material investment in,
and has successfully established a new media capability, which
includes Internet web-site development, electronic publishing and
electronic commerce support services.

In February, 1997 the company divested its personnel outsourcing
and advertising subsidiary, allowing it to focus more intently on
the core business activities referenced above.

Results of Operations.  Revenues increased to $1,362,029 for the
nine months ended March 31, 1997, from $633,476 for the same period
in 1996. The 115% increase in sales was primarily due to strong
hardware sales.

Cost of Revenues increased, correspondingly to the sales increase,
to $1,181,798 in the period, from $507,507 for the same period in
1996.

Selling, General and Administrative expenses increased to $484,383
in the nine month period, as compared to $68,359 for the same
period in 1996. The increase was due primarily due to legal and
financial expenses associated with the building of corporate
infrastructure and the transition to a public company.

Net Loss. The net loss of the Company was $(359,561) for the nine
months ended March 31,1997, or ($.07) per share. As stated above,
this loss can be primarily attributed to the increase in expenses
associated with the transition to becoming a public company, as
well as the development of the new media division.


On April 25, 1997, the Company acquired a contract interest in
revenues from SierraNet, Inc., a Nevada Internet Service Provider.  
The third-party purchaser of SierraNet, Internet Finance and Equipment, 
Inc. of Florida, agreed to our participation in financing their
acquisition of SierraNet through our issuance of 177,000 shares of
the Company's restricted stock to the sellers.  This contract right 
provides the Company with 4% of monthly gross revenue of SierraNet,
and 19% of sale proceeds should SierraNet be sold.

Liquidity and Capital Resources.  As a result of successfully
absorbing the 115% increase in sales from the first nine months of
this year over the first nine months of last year, funding
capabilities due to vendor-related credit lines resulted in an
expansion of $200,000 in additional funding capacity. This
expanding of credit capacities is continuing into the fourth
quarter and is expected to continue as sales increase.

In addition to the above, the Company is continuing to raise small
amounts of capital through the exercise of previously-issued
warrants for common stock. In addition, it is planning to raise
substantial additional cash for more acquisitions and expanding
internal capabilities in 1997.

Prospective Information.  The company has mobilized its resources
to support the ability to sustain the anticipated significant
revenue growth experienced in the most recent quarters. In that
regard, a consolidation of the operations of the parent company and
the MicroData operating subsidiary is occurring in the third
quarter to more effectively and efficiently respond to the
increased level of bid activity.

In general, continued revenue growth from quarter to quarter,
combined with continued expanding credit relationships with
vendors, is anticipated to support our ability to respond to
expected increased customer demand.
     
                             PART II

                        OTHER INFORMATION

 Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

      (a) Exhibits required by Item 601 of Regulation SB

          (1) Exhibit 27.Financial Data Schedule

      (b) Reports on Form 8-K
     
          (1) On February 13, 1997, The Company filed a current
          report on Form 8-K regarding (i)Change in Control of the Company
          (ii) Acquisition or disposition of Assets, and (iii) Other
          Events.
                  
             
                  
                                     SIGNATURES
                  
                  
      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 hereunto duly authorized.
                  
                           
                              HYPERDYNAMICS CORPORATION
                  
                  
                  
Date: May 15, 1997            By:/s/ Gregory J. Micek             
                              Gregory J. Micek, President
                  
                              By:/s/ Kent Watts                   
                              Kent Watts, Chief Financial
                              Officer