ECHELON RESOURCES LIMITED — Director's Dealing 2021

Dec 8, 2021

Ongoing Disclosure NoticeDisclosure of Directors and Senior Managers RelevantInterestsSections 297(2) and 298(2), Financial Markets ConductAct 2013	Ongoing Disclosure NoticeDisclosure of Directors and Senior Managers RelevantInterestsSections 297(2) and 298(2), Financial Markets ConductAct 2013
To NZX Limited;and
Name of listed issuer:		New Zealand Oil & Gas Limited
Date this disclosure made:		8-Dec-21
Date of last disclosure:		23-Nov-21
Full name(s):		Andrew William Jefferies
Name of listedissuer:		New Zealand Oil & Gas Limited
Name of related body corporate (ifapplicable):		n/a
Position heldin listedissuer:		Chief Executive Officer
Summary of acquisition or disposal of relevant interest(excluding s		pecified derivatives)
Class of affected quoted financial products:		Ordinary shares partly paid (nonlisted)	Options to acquire ordinaryshares, issued in accordancewith the Scheme Rules	Ordinary shares (listed)
Nature ofthe affectedrelevantinterest(s):		Indirect(employee shareplan)	Direct	Direct
For that relevant interest-
Number heldinclass before acquisitionordisposal:		1,000,000	1,298,528	25,000
Number heldinclass afteracquisitionordisposal:		0	1,298,528	25,000
Currentregisteredholder(s):		NZOG Services Limited	Andrew Jefferies	Andrew Jefferies
Registeredholder(s) once transfers areregistered:		NZOG Services Limited	Andrew Jefferies	Andrew Jefferies
Summary of acquisition or disposal of specified derivatives relevant		interest(if applicable)
Type ofaffected derivative:		n/a	n/a	n/a
Class ofunderlyingfinancialproducts:
The notional value of the derivative (if any) or the notional amount ofunderlyingfinancialproducts(if any):
A statement as to whether the derivative is cash settled or physicallysettled:
Maturity date ofthe derivative (ifany):
Expiry date ofthe derivative(ifany):
The price specifiedinthe terms ofthe derivative (ifany):
Any other details needed to understand how the amount of theconsideration payable under the derivative or the value of thederivative is affected bythe value of the underlyingfinancialproducts:
_For that derivative,- _Parties to the derivative:If the director or senior manager is not a party to the derivative, thenature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, thenature of the relevant interest in the derivative:
Details of transactionsgiving rise to acquisition or disposal
Total number of transactions to which notice relates:		1	n/a	n/a
		6-Dec-21	n/a	n/a
		The partly paid ordinary share hasbeen issued to the Senior Managerunder the terms of the EmployeeShare Ownership Plan (ESOP)and the manager has called intheir final date. The SeniorManager has advised he does notwish to pay the remainder of theissue price for the shares andceases to have an interest inESOP shares. The value of thepart-payment has been refundedto the Senior Manager.
		NZOG Services Limited

		Refundpartpayment$10,000
		1
Whether relevant interests were acquired or disposed of during aclosedperiod:		No	n/a	n/a
Whether prior written clearance was provided to allow the acquisitionor disposal toproceed duringthe closedperiod:
Date ofthe prior writtenclearance (ifany):
Summary of other relevant interests after acquisition or disposal:Class ofquoted financialproducts:Nature of relevant interest:_For that relevant interest,- _Number held in class:Current registered holder(s):For a derivative relevant interest,-Type of derivative:Details of derivative,-
		n/a	n/a	n/a
The notional value of the derivative (if any) or the notional amount ofunderlyingfinancialproducts(if any):
A statement as to whether the derivative is cash settled or physicallysettled:
Maturity date ofthe derivative (ifany):
Expiry date ofthe derivative (ifany):
The price's specified terms (ifany):
Any other details needed to understand how the amount of theconsideration payable under the derivative or the value of thederivative is affected bythe value of the underlyingfinancialproducts:
_For that derivative relevant interest,- _
Parties to the derivative:
If the director or senior manager is not a party to the derivative, thenature of the relevant interest in the derivative:
CertificationI certify that, to the best of my knowledge and belief, the informationcontained in this disclosure is correct and that I am duly authorised tomake this disclosure byallpersons for whom it is made.Signature ofdirectororofficer:Date ofsignature:orSignature ofpersonauthorised to signonbehalfofdirectororofficer:Date ofsignature:Name and title of authorisedperson:		8-Dec-21Paris Bree,General Counsel

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