Slide 1: Disclaimer
DISC [MER Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and
Slide 2: Annual Shareholder Meeting
HYPERDYNAMICS NYSE Amex: HDY Annual Shareholder Meeting Annual Meeting February 18, 2010 Sugar Land, TX
Slide 3: Company Overview
HYPERDYNAMICS NYSE Amex: HDY Company Overview Annual Meeting February 18, 2010 Sugar Land, TX
Slide 4: Exploration Update
HYPERDYNAMICS NYSE Amex: HDY Exploration Update Annual Meeting February 18, 2010 Sugar Land, TX
Slide 5: Exploration: Update
Exploration: Update od ¢ Main plays and play trends ¢ Relinquishment and Area Retained ¢ Operations update (2D seismic) ¢ Timeline for exploration activities 2010-11
Slide 6: Plays and Leads
Plays and Leads Seo d «Main play types ¢ Mid-Cretaceous submarine fans (like large fields and discoveries to south in Sierra Leone, Ghana) ¢ Structural closures with Early Cretaceous traps ¢ Structural closures with Jurassic traps «Leads and Prospects ¢ Multiple leads already identified on existing
Slide 7: Seismic Data Used for Interpretation
Seismic Data Used for Interpretation TAT Approximately 30,000 km of 2D seismic, of various vintages (colored lines on map below) including 10,000 km of recent data 2 2 WGS84_UTM_Z28N)
Slide 8: Main Play Trends
Main Play Trends oS (a<e8s = =~ — =e. a0 aa sane oom oe ous rose} Sut id-Crétaceous stmarine fans (like large fields and discoveries to S) Wi h Jurassic traps Early Cretaceous traps 50 km
Slide 9: Relinquishment and Area Retained
=—, Relinquishment and Area Retained vnrenoyNATeS Retained area using government-requested blocks: Legend FEB ten ee 01-17-2010 E|OTT7} concession Boundary eth West Afiew ~'29,330- a cial sr iginal PSC area;
Slide 10: Operations Overview: Seismic acquisition completed
oS Operations Overview: Seismic acquisition completed « BOS Atlantic demobilized on 9 February 2010 + Approximately 10,100 km of 2D data recorded (red lines on map below) + Final tranche of data for reprocessing (~1000 km) delivered to BOS Oslo processing center; HDY, Dana, & Repsol experts in Oslo
Slide 11: Exploration: Next Steps in 2010-2011
Exploration: Next Steps in 2010-2011 IRA Timing designed for spud of first well in late 2011 2010 2011 JAN FEBMARAPR MAY JUN JUL AUG SEP OCTNOVDECJAN FEBMARAPR MAY JUN JUL AUG SEP OCTNOVDEC - Reprocessing selected seismic from : 3Dtender ition @lpBeessing -3D interpretation> -Identify prospecta> - C
Slide 12: Exploration: Summary
Exploration: Summary DTA ¢ Main leads and lead areas: firming up with new seismic data: Submarine fans, structural leads «Many leads are large, giant-field potential «Upgraded Jurassic plays (source-rock information from seep study) «Completed 2D seismic acquisition «Preparing for 3D tender and subs
Slide 13: Commercial Overview
Hyperdynamics Corporation — Commercial Overview Annual Shareholders Meeting Feb 18, 2010 William A. Young Executive Vice President Commercial Affairs <=» HYPERDYNAMICS
Slide 14: Key Personnel Appointments
Key Personnel Appointments inPeRoNATES Lord David . Owen Fred Zeidman Ray Leonard (Director) (Director) (President & CEO) | I | William Young | Herman | (EVP - Commercial) - Cohen \ / J D i 4 wn | (Preston) * Steve Barrett \ / | l> | (VP Exploration) % 7 4 : 7 4 | | ( Robert | : | / ; jt Solberg | i
Slide 15: Agreement Milestones
Agreement Milestones — Definitive Memorandum of Agreements Understanding Executed with (Guinean Ministry Repsol Letter of Dana of Mines) Intent Petroleum | j : | | » BOS Seismic | Dana Petroleum | Repsol Letterot | Contract Sale and Intent Extension | if | Purchase | ra . C | Agreement | 4 I: ; ¢ -
Slide 16: Recent and Ongoing Commercial Activities
Recent and Ongoing Commercial Activities svammuit ° Definitive Agreements Concluded with Dana Petroleum (Jan 28) © 23% PSC Participating Interest - Assignment approved by Guinea © To date, Dana has paid $1.7 million towards historical BOS seismic costs Repsol Letter of Intent Extended (Jan 29) o Exc
Slide 17: Office Move
Office Move arid « Reason for move — Company has exhausted available space in Sugar Land facility « New lease with same landlord allows move to occur without breakage penalty +» Planned move-in date: March 1 « New address (effective March 1, 2010): Hyperdynamics Corporation 12012 Wickchester — Suite
Slide 18: Thank You for Your Attention!
— HYPERDYNAMICS Thank You for Your Attention! For more information please contact us at: 713-353-9400 www.hyperdynamics.com
Slide 19: Finance
HYPERDYNAMICS NYSE Amex: HDY Finance Annual Meeting February 18, 2010 Sugar Land, TX Hyperdynamics Board of Directors - August 27, 2009
Slide 20: December 2009 Balance Sheet
December 2009 Balance Sheet Cash Other Current Assets Other Assets Total Assets A/P and Accrued Expenses LT Debt Other Liabilities Equity Total Liabilities and Equity 1,122,000 146,000 14,292,000 15,560,000 4,282,000 814,000 2,169,000 8,295,000 15,560,000 ==. HYPERDYNAMICS
Slide 21: Two Large Institutional Investors $6.5 million, 10% Discount, 37% Warrant Coverage
Two Large Institutional Investors $6.5 million, 10% Discount, 37% Warrant Coverage
Slide 22: Financial Areas of Interest
Financial Areas of Interest AMEX Listing. Working very close with our AMEX representative to remain compliance. Became compliant with the Shareholders’ Equity deficiency in Q1. We have until March 17", to become compliant with the liquidity deficiency. Refining the Capital Structure: Preferred Stock
Slide 23: Financial Areas of Interest, cont.
Financial Areas of Interest, cont. Internal Controls: Controlling cash sent to our Guinea office. Improving Segregation of Duties. Upgrading account staff and external help with heavy GAAP and SEC knowledge Retired Long-term debt: Company no longer has the convertible debt that had a toxic affect on