[iStackBooks]

I know this isn't a high stakes hand but I'm getting no replies in the regular forum and really need some input.

This is the first hand (obviously no reads) of a $24 satellite to the Hendon Mob Shootout Event #1 ($100+$9). There are 27 entrants, top 5 get tickets, 6-8 buy ins back. Anyway, thoughts on all streets are appreciated. Good chance I made the wrong decision here playing for stacks on the flop. I thought about flat calling the flop and reevaluating the turn but came to the conclusion that he is likely betting missed high cards and even if I call and am beat I have 8-10 outs (I was actually about 37% to win). How much should I factor in the fact that it is the first hand of a sattelite? I usually play to survive in satellites - very very tight early, double up if I run into a big hand, and tread water by being very aggressive late as the blinds go up. I feel like my game is way above average at this level and usually cash. Other problems: I had a really hard time interpreting his min raise and the flat call by the button.

Full Tilt Poker Game #3060976271: Sat to Hendon Mob S.O. #1 (23327040), Table 1 - 15/30 - No Limit Hold'em - 6:56:00 ET - 2007/07/26
The button is in seat #9
*** HOLE CARDS ***
Dealt to iStackBooks [7h 7s]
TomAT0127 folds
russboy78 has 15 seconds left to act
russboy78 folds
ROYAL-EAGLE folds
Cuban_1958 has 15 seconds left to act
Cuban_1958 is sitting out
Cuban_1958 has timed out
Cuban_1958 folds
misterpleasure calls 30
cashgamekid8 folds
takethingseasy folds
ballz1111 raises to 60
iStackBooks has 15 seconds left to act
iStackBooks calls 30
misterpleasure calls 30
*** FLOP *** [4h 5s 6d]
ballz1111 bets 120
iStackBooks has 15 seconds left to act
iStackBooks raises to 540
misterpleasure calls 540
ballz1111 raises to 1,440, and is all in