Slide 1: A New Direction for Success
a ~ — > HYPERDYNAMICS NYSE Amex: HDY A New Direction for Success Ray Leonard Chief Executive Officer April 2010
Slide 2: Forward Looking Statements
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 after today. Also, statements made by management that are not historical facts, including statements accompanied by words such a
Slide 3: Hyperdynamics at a Glance (NYSE Amex: HDY)
Hyperdynamics at a Glance (NYSE Amex: HDY) ® Independent E&P company based in Houston, Texas © 77% interest holder of rights to an 25,028-sq-km license area offshore Republic of Guinea in Northwest Africa ® Guinea prospects centered in virgin basin among multiple highly prospective trends / plays ®
Slide 4: Strong New Leadership in 2009
Strong New Leadership in 2009 Ray Leonard, CEO Bill Young, EVP Commercial Affairs Steve Barrett, Exploration VP Jason Davis, CFO Bob Solberg, Non-Executive Chairman of the Board Herman J. Cohen, Director Lord David Owen, Director Division Geologist for West Africa and V.P with Amoco, Executive with
Slide 5: Recent Discoveries Nearby
Recent Discoveries Nearby ® Oil discoveries in the region ranging from 260 million to >1 billion Bbls indicate world-class potential of Guinea license area = Exxon last year offered $4.2 billion for 23.5% of 1.8-billion- barrel Jubilee discovery offshore Ghana Virtually Unexplored Basin ® Only 1 exp
Slide 6: Why Northwest Africa?
Why Northwest Africa? Figure 2: Investment in new OG projects (2006-2010) ® Past E&P activity in West ‘Tarenen Een Africa focused on heavily explored trend from Nigeria to SEED Aenea Angola assecast mT Daven ® Recent discoveries by others in deep water off Northwest Africa are potentially more comme
Slide 7: De-Risking the Asset
De-Risking the Asset 1. Conduct ist Stage: Geological and oe + 7 . Geophysical Shot 2-D seismic to identify play trends; Assessment conducted geochemical coring and sampling that demonstrated active petroleum systems (late 2009) Turbidite fan, offshore Guinea 2nd Stage: Shoot 3-D seismic to identify
Slide 8: De-Risking the Asset
De-Risking the Asset 1. Conduct Geological and Geophysical Assessment 2. Bringin Additional PSC Participants ee Dana Petroleum ple 1st Stage: Seismic to identify play trends; geochemical coring and sampling to demonstrate active petroleum system (complete) 2nd Stage: 3D seismic to plan drilling loca
Slide 9: Geological & Geophysical Assessment
® Geochemical analysis of oil seeps indicates multiple working petroleum systems ® Direct hydrocarbon indications on seismic ® Multiple leads and prospects identified with potential for giant fields (80-1,500 meter water depth) ~ Fairway of Upper Cretaceous Turbidite Fans ~ Fairways of Lower Cretace
Slide 10: G&G Assessment - Turbidite Lead
G&G Assessment - Turbidite Lead ® Same play type as Jubilee and Venus discoveries ® Multiple prospects on trend
Slide 11: G&G Assessment — Jurassic Leads
G&G Assessment — Jurassic Leads ® Largest known structures on block ® World-class reserve potential
Slide 12: Strong Local Demand for Potential Gas Discovery
Strong Local Demand for Potential Gas Discovery Although oil is the primary target, natural gas would also have value in local markets ® According to U.S. State Department, Guinea may hold as much as half the world’s bauxite reserves — a feedstock for aluminum = Multinational mining companies in Gui
Slide 13: Current Political / Business Environment
Current Political / Business Environment | ® Interim military/civilian government has been installed — Moderate civilian was appointed Prime Minister — Democratic elections scheduled for June 2010 — New interim military President commits to not seek re-election ® Ministry of Mines continues to condu
Slide 14: September 2009 MOU — Guinea Project Timeline
September 2009 MOU — Guinea Project Timeline Qg2000 2018 Aecrure, “Nou Process oe Sigua December 33, any ued i 2 ret Gort of “re ab ep Guinea Relinquishment Seismic Seismic Q4.2009 Jaumay 28, Marchas, aon 010 010 gua 39.000 Dana PSC ist knzD Petroleum Well Seismic jome 2023" Signedbs the Partiepant
Slide 15: Investment Highlights
Investment Highlights The Asset ® Large license area with multiple play types and multiple leads with giant field potential © Offer for large discovery on similar prospect in Ghana valued at $4.2 billon for 23% share = Favorable economic terms The Plan ® Continue to add value through additional geop
Slide 16: Thank You!
HYPERDYNAMICS NYSE Amex: HDY Thank You!
Slide 17: Appendix
HYPERDYNAMICS NYSE Amex: HDY Appendix
Slide 18: Financial Data
Financial Data Average daily volume Total Assets: Total Liabilities Total Equity Shares outstanding as of 4/1/10 Market Capitalization as of 4/8/10 Selected Financial Data 96,424,131 $130,172,000 763,000 As of December 31, 2009 $15,560,000 $ 7,265,000 $ 8,295,000