UNITED STATES
                       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: September 30, 1999
                                                              ------------------
                                       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                (IRS  Employer
     of  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  November  8,  1999, 12,429,503 shares of common stock, $0.001 par value,
were  outstanding.
Transitional  Small  Business  Disclosure  Format  (check  one):  Yes [ ] No [X]



<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

<S>                                                              <C>
PART I     FINANCIAL INFORMATION

  ITEM 1     Financial Statements                                  3
    Balance Sheet at September 30,1999 (unaudited)                 3
    Consolidated Statements of Income for the three
      months ended September 30,1999
      and 1998 (both unaudited)                                    4
    Consolidated Statements of Stockholders' Equity
      for the three months September 30,1999
      and 1998 (both  unaudited)                                   5
    Consolidated Statements of Cash Flows for the three
      months ended September 30,1999
      and 1998 (both unaudited)                                    6
    Notes to Consolidated Financial Statements                     7

  ITEM 2     Management's Discussion and Analysis of Financial
             Condition and Results of Operations                   7

PART II     OTHER INFORMATION

  ITEM 6     Exhibits and Reports on Form 8-K                      9
    (a)  Exhibits
    (b)  Reports on Form 8-K

  SIGNATURES                                                       9
</TABLE>


                                        2
<PAGE>
                        PART 1     FINANCIAL INFORMATION

ITEM  1.     Financial  Statements

<TABLE>
<CAPTION>
                    HYPERDYNAMICS CORPORATION
               (Formerly RAM-Z Enterprises, Inc.)
                          Balance Sheet
                       September 30, 1999


<S>                                                <C>
ASSETS
Current Assets
  Cash                                             $     4,409
  Accounts Receivable- trade                           102,862
  Accounts Receivable- other                             3,001
  Inventory                                             81,660
  Revenue interest current portion                      85,970
  Other                                                 44,362
                                                   ------------
                             TOTAL CURRENT ASSETS      322,264
Property and Equipment                                  79,944
Revenue Interest - long term                           107,395
Other Assets                                            90,351
                                                   ------------
                                                   $   599,954
                                                   ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Accounts payable                                     105,752
  Accrued expenses                                      17,155
                                                   ------------
                        TOTAL CURRENT LIABILITIES      122,907
                                                   ------------
Stockholders' Equity
  Preferred Stock, 20,000,000 shares authorized,             0
  0 shares issued or outstanding
  Common stock, par value $0.001; 50,000,000            12,429
  shares authorized; 12,429,503 shares issued
  and outstanding
  Additional paid-in capital                         1,719,905
  Retained (deficit)                                (1,255,287)
                                                   ------------
                       TOTAL STOCKHOLDERS' EQUITY      477,047
                                                   ------------
                                                   $   599,954
                                                   ============
</TABLE>

                       See notes to financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                            HYPERDYNAMICS CORPORATION
                       (Formerly RAM-Z Enterprises, Inc.)
                         Consolidated Income Statements
                   3 Months Ended September 30, 1999 and 1998


                                              1999          1998
<S>                                       <C>           <C>
Revenues                                  $   243,389   $   156,903
Cost of Revenues                               98,253       110,177
                                          ------------  ------------
                           GROSS MARGIN       145,136        46,726
                                          ------------  ------------
Operating Expenses
  Selling                                       4,314         5,671
  General and Administrative                  131,186       113,828
  Depreciation                                  6,250         6,809
                                          ------------  ------------
               TOTAL OPERATING EXPENSES       141,750       126,308
                                          ------------  ------------
                OPERATING INCOME/(LOSS)         3,386       (79,582)
Other Income (Expense)
  Interest income                                   0         1,425
                                          ------------  ------------
          INCOME/(LOSS) FROM CONTINUING         3,386       (78,157)
                             OPERATIONS
Gain on Sale of Discontinued Operations       127,633             0
Loss From Discontinued Operations                (568)         (654)
                                          ------------  ------------
Income/(Loss) Before Income Taxes             130,450       (78,811)
Income Tax (Benefit)                                0             0
                                          ------------  ------------
                      NET INCOME/(LOSS)   $   130,450   $   (78,811)
                                          ============  ============
NET INCOME /(LOSS) PER COMMON SHARE       $      0.01   $     (0.01)
Weighted average share outstanding         12,411,676    12,208,321
</TABLE>

                       See notes to financial statements.


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                   HYPERDYNAMICS CORPORATION
                              (Formerly RAM-Z Enterprises, Inc.)
                        Consolidated Statements of Stockholders' Equity
                          3 Months Ended September 30, 1999 and 1998
                                            COMMON STOCK


                                 SHARES    AMOUNT   PAID IN CAPITAL     RETAINED      TOTALS
                                                                       (DEFICIT)
AS RESTATED
<S>                            <C>         <C>      <C>               <C>           <C>
Balances - June 30, 1998       12,208,321  $12,208  $      1,567,500  $(1,201,191)  $ 378,517
Net (loss) for quarter-                                                   (78,811)    (78,811)
Balances - September 30, 1998  12,208,321  $12,208  $      1,567,500  $(1,280,002)  $(299,706)

Balances - June 30, 1999       12,409,503  $12,409  $      1,709,924  $(1,385,737)  $ 336,596
Common Stock issued for cash       20,000       20             9,980                   10,000
Net Income for quarter                                                    130,451     130,451
Balances - September 30, 1999  12,429,503  $12,429  $      1,719,904  $(1,255,286)  $ 477,047
</TABLE>

                       See notes to financial statements.


                                        5
<PAGE>
<TABLE>
<CAPTION>
                             HYPERDYNAMICS CORPORATION
                         (Formerly RAM-Z Enterprises, Inc.)
                        Consolidated Statement of Cash Flows
                     3 Months Ended September 30, 1999 and 1998


                                                                 1999       1998
<S>                                                           <C>         <C>
Cash flows from operating activities
  Net Income / (loss)                                         $   3,386   $(78,811)
Adjustments to reconcile net income to cash provided from
operating activities
  Depreciation and amortization                                   6,250      8,309
  Common stock issued for services
Changes in:
    Certificate of deposit - restricted                                     94,000
    Accounts receivable                                         (16,476)   (80,475)
    Accounts receivable- other                                    2,000     30,000
    Due from officers
    Inventory                                                    15,300     (5,492)
    Other assets                                               (168,810)    46,301
    Accounts payable                                            (65,285)   (16,235)
    Accrued expenses                                              1,256       (525)
    Accrued taxes                                                            1,871
                                                              ----------  ---------
NET CASH USED FOR OPERATING ACTIVITIES                         (222,379)    (1,057)
                                                              ----------  ---------
Cash flows from investing activities
  Net change of Property, Plant & Equipment                      22,240     (3,851)
                                                              ----------  ---------
          NET CASH PROVIDED (USED) FOR INVESTING ACTIVITIES      22,240     (3,851)
                                                              ----------  ---------
Cash flows from financing activities
  Sale of common stock                                           10,000
  Sale of Discontinued Operations                               127,633
  Loss from Discontinued Operations                                (568)
  Net increase in long term debt
  Increase in short-term convertible notes
                                                              ----------  ---------
                 NET CASH PROVIDED FROM FINANCING ACTIVITIES    137,065          0
                                                              ----------  ---------

Net increase / decrease in cash                                 (63,074)    (4,908)
                                 CASH AT BEGINNING OF PERIOD     67,483      4,908
                                                              ----------  ---------

                                       CASH AT END OF PERIOD  $   4,409   $      0
Supplemental Information
  Interest paid                                               $       0   $      0
</TABLE>

                       See notes to financial statements.


                                        6
<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  disclosures  which  would  substantially
     duplicate the disclosure in those statements has been omitted.

     Certain  reclassifications were made to financials as of September 30, 1998
     in order to conform to the current presentation.

2.   The Company has no long-term debt, contingent liabilities,  obligations, or
     other financing arrangements as of the end of the first quarter.

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

              CAUTIONARY  STATEMENT ON FORWARD-LOOKING INFORMATION

The  Company  is including the following cautionary statement to make applicable
and  take  advantage  of  the  safe  harbor provision of  the Private Securities
Litigation  Reform Act of 1995 for any forward-looking statements made by, or on
behalf  of,  the  Company.   This  Annual  Report  on  Form  10-KSB  contains
forward-looking  statements.  Forward-looking  statements  include  statements
concerning  plans, objectives, goals, strategies, expectations, future events or
performance and underlying assumptions and other statements which are other than
statements  of  historical  facts.  Certain  statements  contained  herein  are
forward-looking  statements  and,  accordingly,  involve risks and uncertainties
which  could  cause  actual  results or outcomes to differ materially from those
expressed  in  the  forward-looking  statements.  The  Company's  expectations,
beliefs  and  projections  are  expressed  in good faith and are believed by the
Company  to have a reasonable basis, including without limitations, management's
examination  of  historical  operating  trends,  data contained in the Company's
records  and  other  data  available  from  third  parties,  but there can be no
assurance  that management's expectations, beliefs or projections will result or
be achieved or accomplished.  In addition to other factors and matters discussed
elsewhere  herein,  the following are important factors that, in the view of the
Company, could cause actual results to differ materially from those discussed in
the forward-looking statements: the ability of the Company to respond to changes
in  the  information  system  environment,  competition,  the  availability  of
financing, and, if available, on terms and conditions acceptable to the Company,
and  the  availability  of  personnel  in  the  future.

General  Discussion

HyperDynamics  Corporation  is an information technology service provider (ITSP)
that  maximizes its clients return on their technology investment. The Company's
business  plan  includes  an  initial  roll  up  strategy to acquire information
technology  service  companies. While the Company had started to shift its focus
last  year  towards  developing  its  IT  services business plan it maintained a
strategy  with Wired & Wireless Corporation (Its' then wholly owned subsidiary -
WWC)  for  volume  sales of wireless television equipment. During the last year,
management  determined  that  the business plan for WWC was not in line with the
objectives  of  its  IT  services  business  plan. As of September 30, 1999, the
Company  sold  its  WWC  subsidiary.


                                        7
<PAGE>
Results  of  Operations

Sales  increased  55% to $243,389 for the three months ended September 30, 1999,
from $156,903 for the same period in 1998. The change was do to an increase over
the  prior year in the Company's efforts being focused on information technology
service  including  IT  hosting  and  eBusiness  projects.

Cost  of  Revenues decreased to $98,253 compared to $110,177 for the same period
in  1998.  The  change  was  a  result  primarily  of  increasing  margins  for
professional  information technology services including IT hosting and eBusiness
projects.

Gross  margin  increased  to  59.6% in the period from 29.7% as restated for the
same  period  in  1998.

Selling,  General and Administrative expenses increased to $135,500 in the three
month  period, as compared to $119,499 for the same period in 1998. The increase
was  primarily  due to the addition of the administrative overhead to hire a new
financial  controller.

Income from continuing operations was $3,386 for the period ending September 30,
1999  compared  to  a loss of $(79,582) for the same period in 1998. This is the
third  quarter  in  a  row  that  the  Company  has reported positive results of
operations.  As  stated  above  this  can  be  attributed to the re-focus of the
Company  to  its  information technology service business plan preparing for its
initial  roll  up  strategy.

The  Gain on Sale of Discontinued Operations was $127,633 based on the write-off
of  a  retained  negative investment of $(27,633) booked on the equity method of
accounting  at  September  30,  1999  and a $100,000 reasonable valuation of the
Revenue  Sharing  Agreement  received  from Wired and Wireless Corporation. This
"Revenue  Sharing  Agreement" provides for 7% of gross sales received to be paid
up  to  $50,000;  5% of gross sales received for the next $50,000 up to $100,000
total; and 3% of gross sales received thereafter until the company is sold. Upon
any  sale  of Wired and Wireless, the Company will also receive 10% of the gross
proceeds  of any such sale. The Company has received approximately $9,000 so far
under  this  agreement  for  sales  through  October  31,  1999.

Net  income  for  the  period ended September 30, 1999 was $130,450 or $0.01 per
share  compared  to a loss of $(78,811) or $(0.01) per share for the same period
in  1998.

Results  are  expected  to  continue  to  improve  based  on increased sales and
marketing  efforts  for information technology services including IT hosting and
eBusiness  projects,  as  well  as  leveraging  its  growth  through  planned
acquisitions  of  profitable  information  technology  service  companies.

Liquidity  and  Capital  Resources

At  September  30, 1999 the Company's current ratio of current assets to current
liabilities  was  2.62  with  a  quick  ratio  excluding  inventory and pre-paid
expenses  of  1.59.  The Company is continuing to work diligently to improve its
liquidity  through positive results of operations. The Company does not have any
long-term  debt  or  other  financing  arrangements.

In  addition  to  the  goal  of management to continue to improve its results of
operations,  the  Company  is  preparing a private placement memorandum to raise
$3,000,000  of  equity. The capital will be used to increase working capital for
itself  and  as  well  as  planned  acquisitions;  to  invest  in increasing its
technical  staff;  and  to  provide  investment  capital  for  its  IT  hosting
infrastructure. The Company expects to grow substantially in annual revenues and
profits.  The  Company's  goal  is  to qualify for small-cap NASDAQ as result of
positive  effect  expected  from  this  timely  capital.


                                        8
<PAGE>
In  addition  to  the  above,  the Company is in a position to obtain additional
capital  upon the exercise of previously issued warrants and outstanding options
for  common  stock.

Prospective  Information

The  Company  expects  to  continue  to improve its results of operations in the
second  quarter. Through October 31, 1999 revenues already booked for the second
quarter  exceed  $200,000.  These  growing core operations coupled with improved
sales  and  marketing  strategies for increased IT service revenues including IT
hosting  and  eBusiness  projects  provide  the foundation of the business plan.
Management  plans  to  continue  to  control  overhead  and to leverage existing
overhead  with  new  business  and acquisitions. By the success of obtaining the
capital  to  enhance  its  IT  hosting infrastructure and being in a position to
start  to  close  its  information  technology based acquisitions, the Company's
operations  are  expected  to expand rapidly and show positive results in future
periods.


                          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

          3.1       Amendment   to  Articles  of   Incorporation   to  authorize
                    20,000,000 preferred stock shares

          27        Financial Data Schedule

     (b)  Reports on Form 8-K


          On  October  14,  1999  the  Company  filed  form  8-K  regarding  the
          resignation  of  Ted W.  Tarver  as a  Director  of  the  Company  and
          disclosing the sale of Wired and Wireless Corporation.

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

                           HyperDynamics  Corporation
                           (Registrant)

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

                           Dated:  November 8, 1999


                                        9
<PAGE>