HYDROCARBON DYNAMICS LIMITED — Director's Dealing 2010

Sep 1, 2010

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	Justin Pettett
Date of last notice	30 July 2010

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	Shares registered in the name of Pettett Pty Limited.
(including registered holder)Note: Provide details of the circumstances giving rise to the	Mr Pettett is a director of Pettett Pty Limited.
relevant interest.
Date of change	31 August 2010
No. of securities held prior to change	Ordinary Shares
	1. 3,225,000 – Pettett Pty Ltd
	2. 600,000 – Mr Justin Pettett and Mrs Kathryn Pettett
	<Pettett S/F A/C>
	Performance Rights (PRs)
	515,936 PRs convertible into ordinary shares in the capital
	of Pryme on a one for one basis; Subject to continued
	employment with Pryme, 50% of the PRs will vest on 1
	January 2011 and the balance 50% will vest on 1 January
	2011 – Direct

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

	Class					Fully paid Or	dinar	y Shares
	Numbe	r acquired				175,000
	Numbe	r disposed				Nil
	Value/Note: If covaluation	Considerationnsideration is non-cash,	provide details	and est	imated	$14,000
	No. of	securities held a	ter chang	e		Ordinary Sh1. 3,400,0002 60000	ares– P–	ettett Pty Ltdr Justin Pettett	and Mrs Kathr	n Pettett
						. , Performance	<Rig	Pettett S/F A/Chts (PRs)	>
						515,936 PRsof Pryme on aemployment	convonewith	ertible into ordifor one basis; SPryme, 50% of	nary shares in thubject to continthe PRs will ves	e capitaluedt on 1
						January 2011 and the balance 50% will vest on 1 January
						2011 – Direct
	Nature of change					On-market purchase
	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

N/A

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 changeNote: Details are only required for a contract in relation towhich the interest has changed
Interest acquired	-
Interest disposed	-
Value/Consideration	-
Note: If consideration is non-cash, provide details and anestimated valuation
Interest after change	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002