EMERALD RESOURCES NL — Regulatory Filings 2011

Jun 29, 2011

Date	30 June 2011
To	Company Announcements
	Australian Securities Exchange
	Fax 1300 135 638
Copy	Company Secretary
	Emerald Oil & Gas NL
	Fax (08) 9482 0505

Dear Sir/Madam

Form 604 Notice of change of interests of substantial holder

Attached is a Form 604 Notice of change of interests of substantial holder for Libra Fund II (Luxembourg) S.a.r.l. in respect of Emerald Oil & Gas NL (EMR).

Yours faithfully Corrs Chambers Westgarth

Com Clembers Washort.

If this fax is illegible or incomplete please telephone (02) 9210 6500

PLEASE NOTE: If this fax transmission is received by other than the named addressee, you are requested immediately to notify us and return the original message to us at the postal address shown. The client entitled to the benefit of the solicitor/client/legal professional privilege attaching to this document is entitled to recover all copies of the document and to prevent its dissemination or use in any form by application to the courts.

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme	Emerald Oil & Gas NL
ACN/ARSN	009 795 046
1. Details of substantial holder (1)
Name	Libra Fund II (Luxembourg) S.a.r.I.
۰ ACN\ARSN (if applicable)	N/A
There was a change in the interests of the
substantial holder on	21/06/11
The previous notice was given to the company on	29/04/11

2. Previous and present voting power

The previous notice was dated

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

28/04/11

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5) .
Ordinary shares	4,900,000	9.66%	50,850,000	6.48%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, are as follows:

Date of change	Person whose relevant Interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities attected.	Person's votes affected
21 June 2011	Libra Fund II (Luxembourg) S.a.r.l.	Acquisition of shares as a result of the placement of fully paid ordinary shares, Substantial holding has decreased due to issuance of shares on 31 May 2011 and 28 June 2011 by the Company (increasing the total ordinary shares on lssue),	\$0.05 per ordinary share	2,950,000 ordinary shares	2,950,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
Libra Fund II (Luxembourg) S.a.r.l.	National Nominees Limited	National Nominees Limited	Relevant interest under section 608(1) of the Coroorations Act.	50,850,000 ordinary shares	50.850.000

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		15 July 2001 604 page 2/2
	5. Changes in association relation to voting interests in the company or scheme are as follows:	The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in
	Name and ACN/ARSN (if applicable)	Nature of association
	N/A	N/A
6. Addresses	The addresses of the persons named in this form are as follows:
	Name	c. Address
	Libra Fund II (Luxembourg) S.a.r.l.	5, Rue Guillaume Kroll - BP 2501, Luxembourg, Grand Duchy of Luxembourg, L-1025
Signature
	print name	capacity
		KANTAN TOOMAN
	sign here	date29106
		DIRECTIONS
(1) (2) (3) $\left(4\right)$ (5) (6)	paragraph 7 of the form. See the definition of "associate" in section 9 of the Corporations Act 2001. Include details of: (a)	If there are a number of substantial holders with similar or related relevant interests (eg, a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. The voling shares of a company constitute one class unless divided into separate classes. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract,
	(b)	scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the
$\langle 7 \rangle$	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.	securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly
	to the person from whom the relevant interest was acquired.

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