HYTERRA LTD — Director's Dealing 2012

Jan 26, 2012

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 Tango Petroleum Limited ABN 86 116 829 675

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	Mathew Walker
Date of last notice	18/01/2012

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	a). Direct
	b). Indirect
Nature of indirect interest	a). Mr Mathew Donald Walker
(including registered holder)	b). Mafe Holdings Pty Ltd (Mr Walker is a
Note: Provide details of the circumstances giving rise to the relevantinterest.	director and shareholder)
Date of change	27/01/2012
No. of securities held prior to change	a). 29,691,700 Fully Paid Ordinary
	a). 14,564,600 Options (Exercisable at $0.06 on
	or before 30 June 2012)
	b). 1,000,000 FullyPaid Ordinary
Class	Fully Paid Ordinary
Number acquired	a). 308,300 Fully Paid Ordinary
Number disposed	Nil
Value/Consideration	a). $4,007.90
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	a). 30,000,000 Fully Paid Ordinary
	a). 14,564,600 Options (Exercisable at $0.06 on
	or before 30 June 2012)
	b). 1,000,000 Fully Paid Ordinary
Nature of change	On Market Purchases
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation in
buy-back

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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	Detail of contract	N/A	N/A	N/A	N/A	N/A	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 whichi l i h		N/	A
nterest reated pror to cangeNote: Details are only required for acontract in relation to which theinterest has changed
Interest acquired		N/A
Interest disposed		N/A
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation		N/A
Interest after change		N/A
Part 3 –+Closed period
Were the interests in the securitiestraded during a+closed period where**required? **	or contracts detailed aboveprior written clearance was			No
If so, was prior written clearance prproceed during this period?	ovided to allow the trade to			N/A
If prior written clearance was proviprovided?	ded, on what date was this			N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011