Exhibit
10.1            Amendment to Stock Option Plan



                             FIRST AMENDMENT TO THE
                            HYPERDYNAMICS CORPORATION
                                STOCK OPTION PLAN

Pursuant  to  Section  16  and  Section  3  of that certain Stock Option Plan of
Hyperdynamics  dated effective May 7, 1997, the Board of Directors hereby amends
the  Stock  Option  Plan  (the  "Plan")  this  December  3,  2001,  as  follows:


1.   The  new  name  of  the  Plan  is  "Stock  and  Stock  Option  Plan."

2.   By  adding  the word "shares of common stock; or " in Section 1 immediately
     after  the  first  appearance  of  the  word  "granted".

3.   By deleting the term "1,620,000" where ever it may appear and substitute in
     its  place  the term 5,120,000. The purpose of this amendment is to provide
     for  an additional 3,500,000 shares of common stock that may be optioned or
     granted  pursuant  to  the  Stock  Option  Plan.

4.   By  adding  the word ", attorneys" in Section 1 immediately after the first
     and  second  appearance  of  the  word  "consultants."

5.   By adding the word "shares of common stock, or " in Section 3 paragraph two
     before  all  appearances  of  the  word  "Options."

6.   By  adding  the word "issuance of shares of common stock, or " in Section 3
     paragraph  three  before  all  appearances  of  the  word  "Options."

7.   By  renaming  Section  4.  "Shares  and  Shares  Subject  to  Option."

8.   By  adding  the word "issued or" in Section 4 before all appearances of the
     word  "optioned."

9.   By adding the word "and the other persons set forth in Section 1" after the
     first  appearance  of  the  word  "Director"  in  Section  5(a).

10.  By adding the word "shares of common stock, or " in Section 5(a) before all
     appearances  of  the  words  "[an]  Option[s]."

11.  By  adding  the word "shares of common stock, or " in Section 15 before all
     appearances  of  the  words  "Options."