HYDROCARBON DYNAMICS LIMITED — Capital/Financing Update 2019

Jun 25, 2019

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26 June 2019

Rights Issue Update and Shortfall Notification

Indago Energy Limited ( ASX: INK ) (“ Indago ” or “ the Company ”) reports strong support from shareholders for its recently closed Rights Issue receiving a 59% take up of the shares on offer for a total of 41,359,482 New Shares raising $1,447,582.

The Company and its advisor will commence efforts to place the shortfall of 29,160,351 New Shares representing $1,020,612 for which it has already received significant interest. The Company will make a further announcement in this regard when appropriate.

The Company’s pro rata non-renounceable entitlement offer was for one New Share for every three shares held by Eligible Shareholders at an issue price of $0.035 per share which closed at 5:00pm EST on 24 June 2019.

The allotment and issue of the New Shares under the Offer will occur on Friday, 28 June 2019. It is anticipated that normal trading of the New Shares will commence on Monday, 1 July 2019.

The Board of Directors wishes to thank shareholders for their substantial support of the Entitlement Offer.

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