NOTICE OF DIRECTOR’S INTERESTS The Company advises that a Change of Director’s Interest Notice has been received from Mr Scott Spencer, Director of the Company. Mr Spencer has disposed of 500,000 options expiring 31 December 2004. Due to the Company’s forthcoming drilling programme, which is expected to commence in August 2004 and continue past the expiry date of the 2004 options, during which time Mr Spencer may be privy to information not in the public domain at that time and due to additional restrictions on trading or dealing imposed by the London Stock Exchange on Directors prior to release of quarterly and annual financial results, Mr Spencer has limited opportunities in which to exercise the options and trade stock before 31 December 2004. Mr Spencer continues as a large holder of securities in the Company with 3,406,595 shares, 625,000 options expiring 31 December 2004 and 1,200,000 options expiring 31 December 2006. The exercise of the options raises an additional A$550,000 for the Company.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
