HYTERRA LTD — Director's Dealing 2013

Feb 6, 2013

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice (Alternate Director)

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 30/9/2001.

Name of entity – Triple Energy Limited

ABN – 68 116 829 675

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Rodney Michael Bresnehan
Date of appointment	7 February 2013

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.Bresnehan Family Super FundPty LtdMrBresnehanisapotentialbeneficiary	Number & class of Securities6,345,188 Tranche 1 Performance SharesVesting upon successful data acquisition from the near termdrill stem test well on the CFT CBM Project, such dataestablishingflowandpressurebuild-upinformationdemonstrating reservoir permeabilities interpreted to providecommercial gas flow rate estimates and gas compositioninformation to enable the experts report to be completed toconfirmrecoverablegasestimates.The Tranche1Performance Shares expire 9 months from the date of issue.6,345,188 Tranche 2 Performance SharesVesting upon the drilling and coring of two pressurised corewells on the CFT CBM Project testing for gas saturation anddesorption isotherms and drill stem tests, which confirmsufficient long term gas flow rates to support a financialinvestment decision to commence a commercial developmentof a meaningful gas production operation (i.e. 20 welldevelopment with a forecast production rate of not less than10MMscf/d), together with all regulatory approvals. TheTranche 2 Performance Shares expire 12 months from thedate of issue.15,862,969 Tranche 3 Performance SharesVesting upon the completion of 10 development wells havingbeen drilled and completed on the CFT CBM Project or thecompletion of an alternative development well drillprogrammewhichthepartieshaveagreed,whichindependent engineers prognose will deliver an equivalent orbetter economic development outcome at a similar cost as a10 well programme producing not less than 5 mmscf/day. TheTranche 3 Performance expire 18 months from the date ofissue (unless otherwise extended).15,862,969 Tranche 4 Performance SharesVesting upon the completion of 20 development wells havingbeen drilled and completed on the CFT CBM Project or thecompletion of an alternative development well drillprogrammewhichthepartieshaveagreed,whichindependent engineers prognose will deliver an equivalent orbetter economic development outcome at a similar cost as a20 well programme producing not less than 10 mmscf/day.The Tranche 4 Performance Shares expire 24 months fromthe date of issue (unless otherwise extended).

• See chapter 19 for defined terms.

Appendix 3X Page 2

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Appendix 3X Initial Director’s Interest Notice

Part 3 – 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	None
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
No. and class of securities towhich interest relates	n/a

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3