HYDROCARBON DYNAMICS LIMITED — Director's Dealing 2019

Jan 1, 2019

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.

Name of Director	Stephen Mitchell
Date of last notice	21 December 2018
Date of this notice	2 January 2019

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.	Mawallok Pastoral Company Pty Ltd – MrMitchell is a director of the Company
Date of change	24thDecember 2018

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- No. of securities held prior to change Direct4,300,000 fully paid ordinary shares3,500,000 Stephen Mitchell and SerenaMitchell <SP Mitchell Super Fund A/C>2,000,000 Director OptionsThe Director Options will vest after 12 monthsfrom issue, i.e. on 1 June 2017 and will converton a one-for-one basis with an exercise priceof $0.10 per option exercisable at any timeprior to 5.00pm (Melbourne time) on 1 April2019.Indirect2,850,000 fully paid ordinary sharesMawallok Pastoral Company Pty LtdClass Ordinary SharesNumber acquired Direct27,500 – fully paid ordinary sharesStephen MitchellIndirect150,000 – fully paid ordinary sharesMawallok Pastoral Company Pty LtdNumber disposedValue/Consideration $7,375.00Note: If consideration is non-cash, provide details and valuation----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct4,327,500 fully paid ordinary shares3,500,000StephenMitchellandSerenaMitchell <SP Mitchell Super Fund A/C>2,000,000 Director OptionsThe Director Options will vest after 12 monthsfrom issue, i.e. on 1 June 2017 and will converton a one-for-one basis with an exercise priceof $0.10 per option exercisable at any timeprior to 5.00pm (Melbourne time) on 1 April2019.Indirect3,000,000 fully paid ordinary sharesMawallok Pastoral Company Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		On-market trade

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.

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----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide detailsand an estimated valuation----- End of picture text -----

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011