HYDROCARBON DYNAMICS LIMITED — Capital/Financing Update 2018

Jul 29, 2018

==> picture [190 x 121] intentionally omitted <==

30 July 2018

Extension of Entitlement Offer

Indago Energy Limited advises that its directors have decided to extend the period for applications under the Entitlement Offer announced on 12 July 2018 from 1 August 2018 to 10 August 2018.

Under the Entitlement Offer, each eligible shareholder is entitled to apply for one share for every five shares held at an issue price of 7.4 cent per share.

The revised timetable is set out below:

==> picture [454 x 274] intentionally omitted <==

----- Start of picture text ----- Description Business DayAnnouncement of the Entitlement Offer Thursday, 12 July 2018Shares traded on an “ex” entitlement basis Tuesday, 17 July 2018Record Date for eligibility to participate in the Entitlement Offer Wednesday, 18 July 2018Despatch of Entitlement Offer Booklet and Entitlement andThursday, 19 July 2018Acceptance Form to Eligible ShareholdersEntitlement Offer opens Thursday, 19 July 2018Entitlement Offer closes Friday, 10 August 2018Securities quoted on a deferred settlement basis Monday, 13 August 2018Shortfall (if any) announced to ASX Tuesday, 14 August 2018Settlement of New Shares under the Entitlement Offer Thursday, 16 August 2018Issue of New Shares under Entitlement Offer Friday, 17 August 2018Despatch of Holding Statements and New Shares commenceMonday, 20 August 2018trading on a normal settlement basis----- End of picture text -----

Note: The above timetable is indicative only. The Directors of the Company reserve the right to amend the record date and timetable for the issue of the shares, subject to the requirements of the Corporations Act 2001 and ASX Listing Rules.

For further information please contact:

Stephen Mitchell Julie Edwards Chairman Company Secretary

Telephone: +61 3 9642 2899 Website: www.indagoenergy.com

ABN: 75 117 387 354 Tel: +61 3 9642 2899 | Fax: +61 3 9642 5177 Level 6, 412 Collins Street, Melbourne VIC 3000 Australia