HELIX RESOURCES LIMITED — Director's Dealing 2005

Jul 10, 2005

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 Walter MOSIG
Date of last notice	14 December 2004

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	$8th$ July 2005
No. of securities held prior to change	1.532,290 Fully Paid Shares 510,764 Listed Options
Class	Fully Paid Shares ۰
Number acquired	30,000 Fully Paid Shares ۰
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valustion	\$5,400
No. of securities held after change	1.562,290 Fully Paid Shares 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	On market purchase ٠

⁺ 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 relevant interest.	Colter Holdings Pty Ltd Super Fund of which R W Mosig is a Director and Shareholder.
Date of change	No change in this holding
No. of securities held prior to change	984,889 Fully Paid Shares ۰ 346,418 Listed Options 200,000 Unlisted Options
Class
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	984,889 Fully Paid Shares ٠ 346,418 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 buy-back

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mrs. Robynne J MOSIG, spouse of R W MOSIG
Date of change	No change in this holding
No. of securities held prior to change	1,150,000 Unlisted Options ۰
Class
Number acquired	nil
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	1,150,000 Unlisted Options ۰
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

⁺ See chapter 19 for defined terms.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	No change in this holding
No. of securities held prior to change	1,000 Fully Paid Shares ٠ 334 Listed Options 150,000 Unlisted Options
Class
Number acquired	nil
Number disposed	nil
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 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 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.

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.

⁺ See chapter 19 for defined terms.