HYDROCARBON DYNAMICS LIMITED — Director's Dealing 2008

Mar 6, 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	George Lloyd
Date of last notice	29 January 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 the relevant interest.	Jojeto Pty Ltd as trustee for the Lloyd Family Super Fund (This is the director’s personal superannuation fund)
Date of change	6 March 2008
No. of securities held prior to change	NIL
Class	(i) Fully Paid Ordinary Shares (ii) $ 0.40 Options exercisable through 31 December 2009
Number acquired	(i) 700,000 Fully Paid Ordinary Shares (ii) 500,000 $0.40 Options exercisable through 31 December 2009
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $245,000 ($0.35 per share) (ii) N/A

• 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 700,000 - Jojeto Pty Ltd as trustee for the Lloyd Family Super Fund $0.40 Options exercisable through 31 December 2009 500,000 – Jojeto Pty Ltd as trustee for the Lloyd Family Super Fund
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	(i) 700,000 Shares acquired as part of private placement by the Company (ii) 500,000 $0.40 Options granted as compensation

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