HYDROCARBON DYNAMICS LIMITED — Director's Dealing 2008

Jul 10, 2008

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 PRYME OIL AND GAS LIMITED

ABN 75 117 387 354

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	Ananda Kathiravelu
Date of last notice	2 July 2008

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 therelevant interest.	Mr Kathiravelu is a director of Armada Capital Ltd(previously known as First Capital Corporate Ltd).
Date of change	9 July 2008
No. of securities held prior to change	Ordinary Shares35,000 – Ananda Kathiravelu and ValerieKathiravelu*20,000 – Ananda Kathiravelu20,000 – Ananda Kathiravelu <ATF Milo and JaspaKathiravelu)5,991,150 – Armada Capital Ltd* This holding was not reflected in the previous Appendix 3Y.
Class	Fully Paid Ordinary Shares
Number acquired	Nil
Number disposed	2,484,375
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.00

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Ordinary Shares
	35,000 – Ananda Kathiravelu and Valerie
	Kathiravelu
	20,000 – Ananda Kathiravelu
	20,000 – Ananda Kathiravelu <ATF Milo and Jaspa
	Kathiravelu)
	3,506,775 – Armada Capital Ltd
Nature of change	Off-market transfer of shares.
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.

Appendix 3Y Page 2

11/3/2002