Slide 1: Shareholder Update
HYPERDYNAMICS NYSE Amex: HDY Ray Leonard Chief Executive Officer Shareholder Update September 30, 2009 Houston, Texas
Slide 2: Forward Looking Statements
——> REDON. Forward Looking Statements Information reported on this presentation speaks only as of today, and you are advised that time sensitive information may no longer be accurate as of the time of any replay. Also, statements made by management that are not historical facts, including statements
Slide 3: Business Update September 30, 2009
==> REDON. Business Update September 30, 2009 New leadership New technical staff Upgraded Board of Directors Guinea opportunity Strategic plan
Slide 4: New Leadership
——> REDON. New Leadership Ray Leonard, Chief Executive Officer Joined HDY in July 2009, bringing over 32 years’ experience in the international exploration and production business. Most recently served as V.P. of Eurasia & Exploration for Kuwait Energy Co., the first private Arab oil company. Previo
Slide 5: Additional Key Staff
REDON. Additional Key Staff Jason Davis, Chief Financial Officer + Joined HDY in July 2009 after serving as Interim Chief Financial Officer for Particle Drilling. + Previously Director of SEC Reporting for Texas Genco/NRG and Controller of Isolagen, Inc. Also ‘worked in public accounting for Est & Y
Slide 6: Upgraded Board of Directors
———> REDON. Upgraded Board of Directors Ambassador Herman J. Cohen + Joined the HDY Board in August 2009. + Career diplomat and served as Asst. Secretary of State for African Affairs under President George Bush from 1989-1993. Currently President of Cohen & Woods International, founded in 1994, whic
Slide 7: The Guinea Opportunity
The Guinea Opportunity Production Sharing Contract (PSC) signed in 9/06 31,000 square miles (20 million acres) Only 4 well drilled (1977) World-class resource potential MOU signed on 9/11/09 with Republic of Guinea + Reaffirms validity of HDY’s concession + Allows planned seismic program to begin Q4
Slide 8: Guinea Exploration
Guinea Exploration Hydrocarbon indications found + Satellite-confirmed oil seeps + Core samples + Direct HC indications on seismic Multiple prospects identified + Upper Cretaceous turbidite fans + Lower Cretaceous anticlines + Pre-Cretaceous grabens Water depths of 80 to 1,500 meters Nearby discover
Slide 9: Prospect Types
Prospect Types rR Cretaceous Structures Paleo Half-Grabens Upper-K Fans Gravity Low Basins Pre-K or K Basin Carbonate Bank
Slide 10: Play Types
Play Types Cretaceous Ctastic __-Strughyges and Carbonates. igocene. eT Top Cretaceous Fans / Turbiditiés _ssmm—— — » == aE _ —— Tap lowes Cretaceous Jurassic Garbonates closures Anoxic Shales?” Paleozoic outcrops on shore 10
Slide 11: Turbidite Lead
Turbidite Lead Load D: Mounded Fan line Gu03-27) + Same play type as Jubilee and Venus discoveries + Multiple prospects on trend "
Slide 12: Deep Water Lower Cretaceous Lead
Deep Water Lower Cretaceous Lead + Largest structure on block + Multi-billion barrel potential 2
Slide 13: Paleozoic Half Grabens Leads
Paleozoic Half Grabens Leads * Shallow water depth targets + Probably gas prospective 8
Slide 14: September 2009 MOU Agreement
= September 2009 MOU Agreement ror Clarifies Terms of PSC Memorandum of Understanding (MOU) reaffirms HDY’s right to choose and explore 36% (11,160 sq miles) of the concession HDY will relinquish remaining 64% on 12/31/09, with first right of refusal on any new concessions within that acreage at mat
Slide 15: Strategic Plan
=> REDON. Strategic Plan Acquire an additional 9,000 km of 2D seismic data in Q4 2009 + Raise additional financing, and/or + Farm out 20% interest to fund survey Build on existing database by + Digitizing old data + Purchasing additional existing data Implement geochemical study Shoot and acquire 3D
Slide 16: Farm-Out Program Strategy
==> REDON. Farm-Out Program Strategy Step 1 -— Farm Out 20% WI to minority partner + Proceeds would fund near-term seismic exploration costs and potentially drilling of discovery well to develop Guinea asset Step 2 — Joint venture with large operating partner + Retain 20%-25% of working interest Ste
Slide 17: Guinea Project Timeline
Guinea Project Timeline Q3 2009 MOU signed with Govt. of Guinea 12/31/09 64% Relinquishment ——> REDON. 2011 Drill First Well 2010 Process & Interpret 2D Acquire Process & Interpret 3D 7
Slide 18: Finance, Compliance, Build the Case
Finance Compliance NYSE Amex SEC Cash Flow Build the Case G&G Scoping Economics —- HYPERDYNAMICS NYSE Amex: HOY LN Investors/Farm Out Investor Relations REDON. Support the Base SCS Guinea State Department
Slide 19: Thank You!
HYPERDYNAMICS NYSE Amex: HDY Thank You!