EMPEROR ENERGY LIMITED — Director's Dealing 2012

Jun 27, 2012

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 30/9/2001.

Name of entity OIL BASINS LIMITED ABN 56 006 024 764

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	Neil Francis Doyle
Date of last notice	12 October 2011

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		-
Date of change		22 – 28 June 2012
No. of securities held prior to change		Direct:8,500,000 Fully Paid Ordinary Shares4,000,000 Listed 30 June 12 Options @ 1.5c10,000,000 Listed 30 June 14 Options @ 4c
Class		Shares: Fully Paid Ordinary SharesOptions:Listed 30 June 12 Options @ 1.5cOptions:Listed 30 June 2014 @4 c
Number acquired		1,500,000 Ordinary Shares
Number disposed		4,000,000 Listed 30 June 12 Options @ 1.5c
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation		$22,500 paid for conversion of listed options$49,177 received for sale of listed options onmarket

• See chapter 19 for defined terms.

Appendix 3Y Page 1

12/9/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct:
	10,000,000 Fully Paid Ordinary Shares
	10,000,000 Listed 30 June 14 Options @ 4c
Nature of change	On-market disposal and conversion of options
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

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.

No. of securities held after change	No. of securities held after change	No. of securities held after change	Direct:10,000,000 Fully Paid Ordinary Shares10,000,000 Listed 30 June 14 Options @ 4c	Direct:10,000,000 Fully Paid Ordinary Shares10,000,000 Listed 30 June 14 Options @ 4c	Direct:10,000,000 Fully Paid Ordinary Shares10,000,000 Listed 30 June 14 Options @ 4c	Direct:10,000,000 Fully Paid Ordinary Shares10,000,000 Listed 30 June 14 Options @ 4c
Nature of changeExample: on-market trade, off-market trade, esecurities under dividend reinvestment plan, pa	xercise of options issue of		On	-market disposal and	conversion of options
	,rticipation in buy-back
Part 2 – Change of directorNote: In the case of a company, interests which cdisclosed in this part.
	’s interests in contr			acts
	ome within paragraph (ii) of the def			inition of “notifiable interest of a d	irector” should be
Detail of contract
		N/A
Nature of interest		N/A
Name of registered holder(if issued securities)		N/A
Date of change		N/A
No. and class of securitiwhich interest related prichangeNote: Details are only required for a contract ito which the interest has changed	es to	N/A
	or to
	n relation
Interest acquired		N/A
Interest disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide detaestimated valuation		N/A
	ils and an
Interest after change		N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what datewas this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

12/9/2011