COMET RIDGE LIMITED — Director's Dealing 2017

Dec 4, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity COMET RIDGE LIMITED ABN 47 106 092 577

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	TOR MCCAUL
Date of last notice	24 November 2017

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Trudy Jasmine McCaul is the spouse of theDirector
Date of change	4 December 2017

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	No. of securities held prior to change	No. of securities held prior to change	Trudy J McCaul: 181,759 Ordinary sharesTor McCaul: 5,101,826 Ordinary Shares.T MCl 2000000 Pf Riht	Trudy J McCaul: 181,759 Ordinary sharesTor McCaul: 5,101,826 Ordinary Shares.T MCl 2000000 Pf Riht
			or cau: ,, erormance gslinked to the booking of 2P reserves for theCompany. Expiring 31 December 2019Tor McCaul: 1,000,000 Performance Rightslinked to the Mahalo JV resolving to proceedwith the commercial development of theMahalo Gas Project.Expiring 31 January 2020Tor McCaul: 500,000 Performance Rightslinked to the closing price of the Company’sshares being $025 or more for a period of 10
			.consecutive trading days.
			Expiring 31 January 2021Tor McCaul: 1,000,000 Performance Rights
			linked to the decision to proceed with thecommercial development of the Albany GasProject in the Galilee Basin.Expiring 31 January 2021
	Class		Ordinary Fully Paid Shares
	Number acquired		Trudy McCaul: 29,787
			Tor McCaul: 29,787
	Number disposed		Nil
	Value/Consideration
	Note: If consideration is non-cash, provide details and estimated valuation		Trudy McCaul $7,000.00Tor McCaul $7,000.00

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Trudy J McCaul: 211,546 Ordinary shares
	Tor McCaul: 5,131,613 Ordinary Shares.
	Tor McCaul: 2,000,000 Performance Rights
	linked to the booking of 2P reserves for the
	Company. Expiring 31 December 2019
	Tor McCaul: 1,000,000 Performance Rights
	linked to the Mahalo JV resolving to proceed
	with the commercial development of the
	Mahalo Gas Project.
	Expiring 31 January 2020
	Tor McCaul: 500,000 Performance Rights
	linked to the closing price of the Company’s
	shares being $0.25 or more for a period of 10
	consecutive trading days.
	Expiring 31 January 2021
	Tor McCaul: 1,000,000 Performance Rights
	linked to the decision to proceed with the
	commercial development of the Albany Gas
	Project in the Galilee Basin.
	Expiring 31 January 2021
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of	Acquisition of shares as part of Share
securities under dividend reinvestment plan, participation in buy-back	Purchase Plan.

Part 2 – Change of director’s interests in contracts N/A

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract N/A Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written No clearance was required? If so, was prior written clearance provided to allow the trade Not Applicable to proceed during this period? If prior written clearance was provided, on what date was this Not Applicable provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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