HELIX RESOURCES LIMITED — Director's Dealing 2003

Jul 29, 2003

Appendix 3Y

Rule 3.19A.2

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		HELIX RESOURCES LIMITED
ABN	27 009 138 738

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	ROBERT W MOSIG
Date of last notice	9 IANUARY 2002

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Colter Holdings Pty Ltd of which R W Mosig is a Director and Shareholder.
Date of change
No. of securities held prior to change	1,532,290 Fully Paid Shares ۰ 510,764 Listed Options
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	1,532,290 Fully Paid Shares ۰ 510.764 Listed Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	No change in this holding

⁺ See chapter 19 for defined terms.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the refevant interest.	Colter Holdings Pty Ltd Super Fund of which RW Mosig is a Director and Shareholder.
Date of change	25 th July 2003
No. of securities held prior to change	682,417 Fully Paid Shares 227,473 Listed options 200,000 Unlisted Options
Class
Number acquired	31,250 Fully Paid Shares
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$5,000
No. of securities held after change	713667 Fully Paid Shares 227,473 Listed options 200,000 Unlisted Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bay-back	Subscription to Share Purchase Plan.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the refevant interest.
Date of change
No. of securities held prior to change	1,000 Fully Paid Shares ۰ 334 Listed Options 1,150,000 Unlisted Options
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	1,000 Fully Paid Shares ۰ 334 Listed Options 1,150,000 Unlisted Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bay-back	No change to this holding

⁺ See chapter 19 for defined terms.

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.

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

$+$ See chapter 19 for defined terms.