HYTERRA LTD — Capital/Financing Update 2014

Dec 8, 2014

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 +Classof+securitiesissuedorto beissued 2 Number of +securities issued or to be issued (if known) or maximumnumberwhichmaybe issued 3 Principaltermsofthe+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 anddatesforconversion)	Ordinaryshares
	158,000,000
	Asforexistingfullypaidordinaryshares

+!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)orinterest payment • 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 the acquisition of assets, clearly identifythoseassets) 6a Is the entity an +eligible entity thathasobtainedsecurityholder approvalunderrule7.1A? IfYes,completesections6b–6h in relation to the +securities the subject of this Appendix 3B, and complywithsection6i 6b The date the security holder resolution under rule 7.1A was passed 6c Number of +securities issued withoutsecurityholderapproval underrule7.1 6d Number of +securities issued with security holder approval underrule7.1A	Yes
	0.5centspershare.
	Tranche 1 of investment transaction as previouslydisclosedtoASX.
	Yes.
	29August2014
	94,405,907
	63,594,093

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

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6e! Number! of![+] securities! issued! Nil! with! security! holder! approval! under! rule! 7.3,! or! another! specific!security!holder!approval! (specify!date!of!meeting)! 6f! Number! of![+] securities! issued! Nil! under!an!exception!in!rule!7.2! 6g! If![+] securities! issued! under! rule! Yes! 7.1A,! was! issue! price! at! least! 75%! of! 15! day! VWAP! as! Issue!Price:!0.5!cents!per!share! calculated! under! rule! 7.1A.3?!! 15]day!VWAP:!0.5!cents!(Bloomberg)! Include!the![+] issue!date!and!both! 75%!of!VWAP:!0.36!cents! values.!!Include!the!source!of!the! VWAP!calculation.! 6h! If![+] securities! were! issued! under! N/A! rule! 7.1A! for! non]cash! consideration,! state! date! on! which!valuation!of!consideration! was! released! to! ASX! Market! Announcements! 6i! Calculate! the! entity’s! remaining! Refer!Annexure!1.! issue!capacity!under!rule!7.1!and! rule!7.1A!–!complete!Annexure!1! and! release! to! ASX! Market! Announcements! 7! +Issue!dates! 9!December!2014! Note:!The!issue!date!may!be!prescribed!by!ASX! (refer! to! the! definition! of! issue! date! in! rule! 19.12).!!For!example,!the!issue!date!for!a!pro! rata! entitlement! issue! must! comply! with! the! applicable!timetable!in!Appendix!7A.! Cross!reference:!item!33!of!Appendix!3B.! Number! +Class! 8! Number! and! +class! of! all! 793,940,932! Fully! Paid! Ordinary! +securities! quoted! on! ASX! Shares! ( including the! +securities! in! section!2!if!applicable)!

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

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9 Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable) 10 Dividendpolicy (inthecaseofa trust, distribution policy) on the increased capital (interests)	Number	+Class
	15,000,000 15,000,000 15,000,000 15,000,000 25,000,000 125,000,000	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 4 Performance Shares
	N/A

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

Part2<Prorataissue
11 Is security holder approval required? 12 Istheissuerenounceableornon] renounceable? 13 Ratioinwhichthe+securitieswill beoffered 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 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their 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 Amount of any underwriting fee orcommission 22 Namesofanybrokerstotheissue 23 Feeorcommissionpayabletothe brokertotheissue 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 Date entitlement and acceptance formandofferdocumentswillbe senttopersonsentitled 27 If the entity has issued options, and the terms entitle option holderstoparticipateonexercise, thedateonwhichnoticeswillbe senttooptionholders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 Howdosecurityholdersselltheir entitlements in full through a broker? 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 +quotationissought 39 +Class of +securities for which quotationissought 40 Dothe +securitiesrankequallyin all respects from the +issue date with an existing +class of quoted +securities? Iftheadditional+securitiesdonot rankequally,pleasestate: • thedatefromwhichtheydo • the extent to wNhich they participate for the next dividend,(inthecaseofatrust, distribution) or interest payment • theextenttowhichtheydonot rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example:Inthecaseofrestrictedsecurities,end ofrestrictionperiod (if issued upon conversion of another +security, clearly identify thatother+security) 42 Number and +class of all +securities quoted on ASX (_including_the+securitiesinclause 38)	N/A
	N/A
	N/A
	N/A
	Number	+Class
	N/A

+!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:!9!December!2014! (Company!secretary)!

Print!name:!! ALEXANDER!NEULING.!

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

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

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Appendix(3B( New(issue(announcement(

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

Part1	Part1
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	520,940,910
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	22 115,000,000 -
Subtractthe number of fully paid+ordinary securities cancelled during that 12 month period	-
“A”	635,940,932

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

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Appendix3B Newissueannouncement	Appendix3B Newissueannouncement
Step 2: Calculate 15% of “A”
“B”	0.15 [Note: this value cannot be changed]
Multiply“A” by 0.15	95,391,140
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	94,405,907 (being the securities the subject of this Appendix 3B which are being issued under 7.1)
“C”	94,405,907
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	95,391,140
Subtract“C” Note: number must be same as shown in Step 3	94,405,907
Total[“A” x 0.15] – “C”	985,233 [Note: this is the remaining placement capacity under rule 7.1]

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

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Part(2(

Newissueannouncement Part2	Newissueannouncement Part2
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	635,940,932
Step 2: Calculate 10% of “A”
“D”	0.10 Note: this value cannot be changed
Multiply“A” by 0.10	63,594,093
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	63,594,093
“E”	63,594,093

+!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

Appendix3B Newissueannouncement	Appendix3B Newissueannouncement
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	63,594,093
Subtract“E” Note: number must be same as shown in Step 3	63,594,093
Total[“A” x 0.10] – “E”	NIL Note: this is the remaining placement capacity under rule 7.1A

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

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