2010

• 3,500 sq km 3D seismic program awarded to PGS Geophysical
• US$19.6 million received from Dana Petroleum for 23% participating interest
• Presidential Decree issued by Guinean government approving Production Sharing Contract (PSC) as amended
• Arrete issued by Guinean government approving assignment of 23% participating interest to Dana Petroleum
• Mike Palmer named Vice President of Operations
• US$10.5 million raised in Registered Direct Offering largely to fund 3D seismic program
• PSC Amendment signed with Ministry of Mines and Geology
• Memorandum of Understanding with government of Guinea extended
• Definitive agreements concluded with Dana for a 23% participating interest in PSC

2009

• Hyperdynamics relinquishes 64% of Guinean contract area and submits 2 year work program per the Guinean Memorandum of Understanding
• Fred Zeidman appointed to the Board of Directors
• US$6.5 million raised in Registered Direct Offering
• Share Purchase Agreement signed with Dana Petroleum for 23% interest in the Guinea project
• Letter of Intent signed with Repsol
• William A. Young appointed Executive Vice President – Commercial Affairs
• 2D seismic conducted offshore Guinea
• Ambassador Herman Cohen and Lord David Owen as Board members
• Ray Leonard appointed as CEO
• Jason Davis appointed as CFO
• Hyperdynamics signs agreement to sell its working interest in Louisiana oil and gas leases for US$2.7 million