HYDROCARBON DYNAMICS LIMITED — Director's Dealing 2017

Aug 6, 2017

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 30/09/01 Amended 01/01/11

Name of entity Indago Energy 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Ray Shorrocks
Date of last notice	17 November 2017
Date of this notice	7 August 2017

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		Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Spring Street Holdings Pty Ltd – Mr RayShorrocks is a director of the Company
Date of change		4 August 2017
No. of securities held prior to change		Direct1,500,000 Director OptionsThe Director Options will vest after 12months from issue, i.e. on 1 June 2017 and willconvert on a one‐for‐one basis with anexercise price of $0.10 per option exercisableat any time prior to 5.00pm (Melbourne time)on 1 April 2019Indirect637,453 fully paid ordinary shares
Class		Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired		30,256
Number disposed		N/A
Value/ConsiderationNote: If consideration is non‐cash, provide details and valuation		2,189.43
No. of securities held after change		Direct1,500,000 Director OptionsThe Director Options will vest after 12months from issue, i.e. on 1 June 2017 and willconvert on a one‐for‐one basis with anexercise price of $0.10 per option exercisableat any time prior to 5.00pm (Melbourne time)on 1 April 2019Indirect667,709 fully paid ordinary shares
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back		On Market Purchase

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non‐cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3