HYTERRA LTD — Capital/Financing Update 2013

Nov 18, 2013

Appendix(3B( New(issue(announcement(

Rule%2.7,%3.10.3,%3.10.4,%3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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!01/07/96!!Origin:!Appendix!5!!Amended!01/07/98,!01/09/99,!01/07/00,!30/09/01,!11/03/02,!01/01/03,!24/10/05,!01/08/12,! 04/03/13!

Name!of!entity!

Triple Energy Limited

ABN!

116 829 675

We!(the!entity)!give!ASX!the!following!information.!

Part 1 - All issues

You%must%complete%the%relevant%sections%(attach%sheets%if%there%is%not%enough%space).

1! +Class!of!+securities!issued!or!to! Ordinary!shares! be!issued! 2! Number!of![+] securities!issued!or! 5! to! be! issued! (if! known)! or! maximum! number! which! may! be!issued! 3! Principal! terms! of! the! As!for!existing!fully!paid!ordinary!shares! +securities! (e.g.! if! options,! exercise!price!and!expiry!date;!if! partly! paid! +securities,! the! amount! outstanding! and! due! dates! for! payment;! if! +convertible! securities,! the! conversion! price! and! dates! for! conversion)!

+!See!chapter!19!for!defined!terms.!

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4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted+securities? If the additional +securities do notrankequally,pleasestate: • thedatefromwhichtheydo • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interestpayment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interestpayment 5 Issuepriceorconsideration 6 Purposeoftheissue (If issued as consideration for theacquisitionofassets,clearly identifythoseassets) 6a Is the entity an +eligible entity that has obtained security holderapprovalunderrule7.1A? IfYes,completesections6b–6h in relation to the +securities the subjectofthisAppendix3B,and complywithsection6i 6b The date the security holder resolution under rule 7.1A was passed 6c Number of +securities issued withoutsecurityholderapproval underrule7.1	Yes
	Nil – automatic conversion of Tranche 1 PerformanceShares.
	Automatic conversion of Tranche 1 Performance Shares in accordance with Shareholderapprovedtermsandconditions.
	Yes.
	30August2013
	Nil

+!See!chapter!19!for!defined!terms.!

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6d Number of +securities issued with security holder approval underrule7.1A 6e Number of +securities issued with security holder approval under rule 7.3, or another specificsecurityholderapproval (specifydateofmeeting) 6f Number of +securities issued underanexceptioninrule7.2 6g If +securities issued under rule 7.1A,wasissuepriceatleast75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. IncludethesourceoftheVWAP calculation. 6h If +securities were issued under rule 7.1A for non_cash consideration, state date on which valuation of consideration was released to ASXMarketAnnouncements 6i Calculatetheentity’sremaining issuecapacityunderrule7.1and rule7.1A–completeAnnexure1 and release to ASX Market Announcements 7 +Issuedates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule19.12).Forexample,theissuedatefora pro rata entitlement issue must comply with theapplicabletimetableinAppendix7A. Crossreference:item33ofAppendix3B. 8 Number and +class of all +securities quoted on ASX (including the +securities in section2ifapplicable)	Nil	Nil
	Nil
	5 (Automatic conversion of performance shares issued pursuant to shareholder approvalgrantedataGeneralMeetingheld on19December2013).
	N/A
	N/A
	ReferAnnexure1.
	19November2013
	Number	+Class
	520,940,915	Fully Paid Ordinary Shares

+!See!chapter!19!for!defined!terms.!

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9 Number and +class of all +securities not quotedonASX (including the +securities in section 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	15,000,000 15,000,000 15,000,000 15,000,000 25,000,000 50,000,000 125,000,000 125,000,000	Options Class A Expiry: 14/02/2016 Exercise Price: $0.03 Vested and exercisable Class B Expiry: 14/02/2016 Exercise Price: $0.03 Vested and exercisable. Class C Expiry: 14/02/2016 Exercise Price: $0.04 Vesting if TNP shares trade at a VWAP of 5 cents or above on the ASX for 10 consecutive trading days. Class E (director) Expiry: 30/6/2015 Exercise Price: $0.04 Vested and exercisable. Class E (advisor) Expiry: 30/6/2015 Exercise Price: $0.04 Vested and exercisable. Performance Shares* Tranche 2 Performance Shares Tranche 3 Performance Shares Tranche 4 Performance Shares
	N/A

+!See!chapter!19!for!defined!terms.!

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*Terms(and(Conditions(of(Performance(Shares(on(Issue(are(as(follows:(

Tranche 2 Performance Shares

Vesting%upon%the%drilling%and%coring%of%two%pressurised%core%wells%on%the%CFT%CBM%Project%testing%for%gas% saturation%and%desorption%isotherms%and%drill%stem%tests,%which%confirm%sufficient%long%term%gas%flow%rates% to%support%a%financial%investment%decision%to%commence%a%commercial%development%of%a%meaningful%gas% production%operation%(i.e.%20%well%development%with%a%forecast%production%rate%of%not%less%than%10MMscf/d),% together%with%all%regulatory%approvals.%The%Tranche%2%Performance%Shares%expire%12%months%from%the%date% of%issue.%

Tranche 3 Performance Shares

Vesting%upon%the%completion%of%10%development%wells%having%been%drilled%and%completed%on%the%CFT%CBM% Project% or% the% completion% of% an% alternative% development% well% drill% programme% which% the% parties% have% agreed,%which%independent%engineers%prognose%will%deliver%an%equivalent%or%better%economic%development% outcome%at%a%similar%cost%as%a%10%well%programme%producing%not%less%than%5%mmscf/day.%The%Tranche%3% Performance%expire%18%months%from%the%date%of%issue%(unless%otherwise%extended).%

Tranche 4 Performance Shares

Vesting%upon%the%completion%of%20%development%wells%having%been%drilled%and%completed%on%the%CFT%CBM% Project% or% the% completion% of% an% alternative% development% well% drill% programme% which% the% parties% have% agreed,%which%independent%engineers%prognose%will%deliver%an%equivalent%or%better%economic%development% outcome%at%a%similar%cost%as%a%20%well%programme%producing%not%less%than%10%mmscf/day.%The%Tranche%4% Performance%Shares%expire%24%months%from%the%date%of%issue%(unless%otherwise%extended).%

+!See!chapter!19!for!defined!terms.!

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Part 2 - Pro rata issue

Part 2 - Pro rata issue
11 Is security holder approval required? 12 Istheissuerenounceableornon_ renounceable? 13 Ratio in which the +securities willbeoffered 14 +Classof+securitiestowhichthe offerrelates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements inrelationtofractions 18 Namesofcountriesinwhichthe entity has security holders who will not be sent new offer documents Note:Securityholdersmustbetoldhowtheir entitlementsaretobedealtwith. Crossreference:rule7.7. 19 Closing date for receipt of acceptancesorrenunciations	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

+!See!chapter!19!for!defined!terms.!

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20 Namesofanyunderwriters 21 Amountofanyunderwritingfee orcommission 22 Names of any brokers to the issue 23 Fee or commission payable to thebrokertotheissue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalfofsecurityholders 25 If the issue is contingent on security holders’ approval, the dateofthemeeting 26 Dateentitlementandacceptance formandofferdocumentswillbe senttopersonsentitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Daterightstradingwillbegin(if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell theirentitlements_infull_through abroker? 31 Howdosecurityholderssell_part_ of their entitlements through a broker and accept for the balance?	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

+!See!chapter!19!for!defined!terms.!

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• 32! How!do!security!holders!dispose! of! their! entitlements! (except! by! sale!through!a!broker)?!

N/A!

33! +Issue!date!

N/A!

Part 3 - Quotation of securities

You%need%only%complete%this%section%if%you%are%applying%for%quotation%of%securities%

• 34! Type!of![+] securities! ( tick%one )!

• (a)! +Securities!described!in!Part!1!

• (b)![All!other!][+][securities!]

Example:! restricted! securities! at! the! end! of! the! escrowed! period,! partly! paid! securities! that! become! fully! paid,! employee!incentive!share!securities!when!restriction!ends,!securities!issued!on!expiry!or!conversion!of!convertible! securities!

Entities that have ticked box 34(a)

Additional(securities(forming(a(new(class(of(securities((n/a)(

Tick%to%indicate%you%are%providing%the%information%or% N/A,!existing!class!of!securities! documents

35! If!the![+] securities!are![+] equity!securities,!the!names!of!the!20!largest!holders!of!the! additional![+] securities,!and!the!number!and!percentage!of!additional![+] securities! held!by!those!holders!

36! If!the![+] securities!are![+] equity!securities,!a!distribution!schedule!of!the!additional! +securities!setting!out!the!number!of!holders!in!the!categories! 1!!1,000! 1,001!!5,000! 5,001!!10,000! 10,001!!100,000! 100,001!and!over!

37! A!copy!of!any!trust!deed!for!the!additional![+] securities!

+!See!chapter!19!for!defined!terms.!

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Entities that have ticked box 34(b)

38! Number! of![+] securities! for! which! N/A! +quotation!is!sought! 39! +Class! of! +securities! for! which! N/A! quotation!is!sought! 40! Do!the![+] securities!rank!equally!in! N/A! all! respects! from! the![+] issue! date! with! an! existing![+] class! of! quoted! +securities?! If! the! additional![+] securities! do! not!rank!equally,!please!state:! • the!date!from!which!they!do! • the! extent! to! wNhich! they! participate! for! the! next! dividend,! (in! the! case! of! a! trust,! distribution)! or! interest! payment! • the! extent! to! which! they! do! not!rank!equally,!other!than!in! relation! to! the! next! dividend,! distribution! or! interest! payment! 41! Reason! for! request! for! quotation! N/A! now!! Example:!In!the!case!of!restricted!securities,!end! of!restriction!period! (if! issued! upon! conversion! of! another![+] security,!clearly!identify! that!other![+] security)!

Number! +Class! 42! Number! and! +class! of! all! N/A! +securities! quoted! on! ASX! ( including !the![+] securities!in!clause! 38)!!

+!See!chapter!19!for!defined!terms.!

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Quotation(agreement(

• 1! +Quotation!of!our!additional! +securities!is!in!ASX’s!absolute!discretion.!!ASX! may!quote!the![+] securities!on!any!conditions!it!decides.!!!

• 2! We!warrant!the!following!to!ASX.!

• The!issue!of!the![+] securities!to!be!quoted!complies!with!the!law!and!is! not!for!an!illegal!purpose.!

• There! is! no! reason! why! those![+] securities! should! not! be! granted! +quotation.!

• An!offer!of!the![+] securities!for!sale!within!12!months!after!their!issue! will!not!require!disclosure!under!section!707(3)!or!section!1012C(6)!of! the!Corporations!Act.!

Note:!An!entity!may!need!to!obtain!appropriate!warranties!from!subscribers!for!the!securities!in!order!to!be! able!to!give!this!warranty!

• Section!724!or!section!1016E!of!the!Corporations!Act!does!not!apply!to! any! applications! received! by! us! in! relation! to! any![+] securities! to! be! quoted!and!that!no_one!has!any!right!to!return!any![+] securities!to!be! quoted!under!sections!737,!738!or!1016F!of!the!Corporations!Act!at!the! time!that!we!request!that!the![+] securities!be!quoted.!

• If!we!are!a!trust,!we!warrant!that!no!person!has!the!right!to!return!the! +securities!to!be!quoted!under!section!1019B!of!the!Corporations!Act!at! the!time!that!we!request!that!the![+] securities!be!quoted.!

• 3! We!will!indemnify!ASX!to!the!fullest!extent!permitted!by!law!in!respect!of!any! claim,! action! or! expense! arising! from! or! connected! with! any! breach! of! the! warranties!in!this!agreement.!

• 4! We!give!ASX!the!information!and!documents!required!by!this!form.!!If!any! information!or!document!is!not!available!now,!we!will!give!it!to!ASX!before! +quotation!of!the! +securities!begins.!!We!acknowledge!that!ASX!is!relying!on! the!information!and!documents.!!We!warrant!that!they!are!(will!be)!true!and! complete.!

Sign!here:!! ............................................................!Date:!19!November!2013! (Company!secretary)!

Print!name:!! ALEXANDER!NEULING.!

+!See!chapter!19!for!defined!terms.!

==!==!==!==!==!

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Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced!01/08/12!!Amended!04/03/13!

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

Part 1	Part 1
Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
Insertnumber of fully paid+ordinary securities on issue 12 months before the +issue date or date of agreement to issue	287,500,000
Addthe following: • Number of fully paid+ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid+ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid+ordinary securities that became fully paid in that 12 month period Note: • Include only ordinary securities here – other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	6,636,369 226,804,546 -
Subtractthe number of fully paid+ordinary securities cancelled during that 12 month period	-
“A”	520,940,915

+!See!chapter!19!for!defined!terms.!

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Step 2: Calculate 15% of “A”

Appendix3B Newissueannouncement	Appendix3B Newissueannouncement
Step 2: Calculate 15% of “A”
“B”	0.15 [Note: this value cannot be changed]
Multiply“A” by 0.15	78,141,137
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnumber of+equity securities issued or agreed to be issued in that 12 month period_not counting_those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	-
“C”	-
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A” x 0.15 Note: number must be same as shown in Step 2	78,141,137
Subtract“C” Note: number must be same as shown in Step 3	-
Total[“A” x 0.15] – “C”	78,141,137 [Note: this is the remaining placement capacity under rule 7.1]

+!See!chapter!19!for!defined!terms.!

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Part 2

Part 2	Part 2
Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
“A” Note: number must be same as shown in Step 1 of Part 1	520,940,915
Step 2: Calculate 10% of “A”
“D”	0.10 Note: this value cannot be changed
Multiply“A” by 0.10	52,094,092
Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used
Insertnumber of+equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: • This applies to equity securities – not just ordinary securities • Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items	-
“E”	52,094,092

+!See!chapter!19!for!defined!terms.!

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Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

“A” x 0.10 Note: number must be same as shown in Step 2 Subtract “E” Note: number must be same as shown in Step 3 Total [“A” x 0.10] – “E” Note: this is the remaining placement capacity under rule 7.1A

+!See!chapter!19!for!defined!terms.!

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