4 March 2015
88 ENERGY LIMITED
Change of Director's Interests Notices
88 Energy Limited (Formerly Tangiers Petroleum Limited) (ASX: 88E; AIM: 88E)
("88 Energy" or the "Company") advises that Change of Director's Interest
Notices (3Y) for Messrs David Wall, Michael Evans, Stephen Staley and Brent
Villemarette have been released on the ASX today. The shares issued to the
directors were pursuant to the Company's Capital Raising approved by
Shareholders at the General Meeting held 12 February 2015.
Sarah Smith
JOINT COMPANY SECRETARY
88 Energy Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990
www.88energy.com.au
Contacts
RFC Ambrian Limited
As Nominated Adviser
Mr Oliver Morse
+61 8 9480 2500
As Corporate Broker
Mr Charlie Cryer
+44 20 3440 6800
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 88 ENERGY LIMITED (FORMERLY TANGIERS PETROLEUM LIMITED)
ABN 80 072 964 179
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.
Name of Director Michael John Evans
Date of last notice 22 October 2014
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 1. Indirect
2. Indirect
3. Direct
4. Direct
Nature of indirect interest 1. Tevlo Pty Ltd <MJ Evans Super A/C>
(including registered holder) 2. Tevlo Pty Ltd <MJ Evans Super A/C>
Note: Provide details of the 3. Michael John Evans
circumstances giving rise to the
relevant interest. 4. Michael John Evans
Date of change 2 March 2015
No. of securities held prior to change Direct (Michael John Evans)
1,000,000 Fully paid ordinary shares
(subject to vesting conditions)
1,000,000 Unlisted options exercisable
at $0.42 on or before 12 June 2017
(subject to vesting conditions)
Indirect (Tevlo Pty Ltd <MJ Evans Super
A/C>)
4,166,667 Fully paid ordinary shares
Class 1. Fully Paid Ordinary Shares
2. Listed Options exercisable at $0.02
on or before 2 March 2018
3. Unlisted Options exercisable at
$0.015 on or before 18 February
2018
4. Fully Paid Ordinary Shares
Number acquired 1. 4,250,000 FPOS
2. 2,125,000 Listed Options
3. 8,000,000 Unlisted Options
Number disposed 4. FPOS Cancelled
Value/Consideration 1. $42,500
Note: If consideration is non-cash, 2. Nil (free attaching options)
provide details and estimated valuation
3. Nil
4. Nil
No. of securities held after change Direct (Michael John Evans)
8,000,000 Unlisted Option exercisable
at $0.015 on or before 18 February 2018
1,000,000 Unlisted options exercisable
at $0.42 on or before 12 June 2017
(subject to vesting conditions)
Indirect (Tevlo Pty Ltd <MJ Evans Super
A/C>)
8,416,667 Fully paid ordinary shares
2,125,000 Listed Options exercisable at
$0.02 on or before 2 March 2018
Nature of change 1. Participation in Company Share
Placement as approved at
Example: on-market trade, off-market Shareholder's meeting on 12
trade, exercise of options, issue of February 2015.
securities under dividend reinvestment
plan, participation in buy-back 2. Participation in Company Share
Placement as approved at
Shareholder's meeting on 12
February 2015.
3. Issue of Director Options under
Employee Incentive Scheme approved
at Shareholder's meeting on 12
February 2015.
4. Cancellation of Loan shares per
Notice of Meeting released 13
January 2015
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 n/a
Nature of interest n/a
Name of registered holder n/a
(if issued securities)
Date of change n/a
No. and class of securities to n/a
which interest related prior to
change
Note: Details are only required
for a contract in relation to
which the interest has changed
Interest acquired n/a
Interest disposed n/a
Value/Consideration n/a
Note: If consideration is
non-cash, provide details and
an estimated valuation
Interest after change n/a
Part 3 - +Closed period
Were the interests in the securities or contracts No
detailed above traded during a +closed period
where prior written clearance was required?
If so, was prior written clearance provided to n/a
allow the trade to proceed during this period?
If prior written clearance was provided, on what n/a
date was this provided?
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 88 ENERGY LIMITED (FORMERLY TANGIERS PETROLEUM LIMITED)
ABN 80 072 964 179
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.
Name of Director George Henry Stephen Staley
Date of last notice 22 October 2014
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 1. Indirect
2. Indirect
3. Direct
Nature of indirect interest 1. Derwent Resources Limited
(including registered holder) 2. Derwent Resources Limited
Note: Provide details of the 3. George Henry Stephen Staley
circumstances giving rise to the
relevant interest.
Date of change 2 March 2015
No. of securities held prior to change Direct (George Henry Stephen Staley)
2,000,000 Unlisted Options exercisable
at $0.28 on or before 12 June 2017
4,166,667 Fully Paid Ordinary Shares
Indirect (Derwent Resources Limited)
Nil
Class 1. Fully Paid Ordinary Shares
2. Listed Options exercisable at $0.02
on or before 2 March 2018
3. Unlisted Options exercisable at
$0.015 on or before 18 February
2018
Number acquired 1. 1,650,000 FPOS
2. 825,000 Listed Options
3. 6,000,000 Unlisted Options
Number disposed Nil
Value/Consideration 1. $16,500
Note: If consideration is non-cash, 2. Nil (free attaching options)
provide details and estimated valuation
3. Nil
No. of securities held after change Direct (George Henry Stephen Staley)
2,000,000 Unlisted Options exercisable
at $0.28 on or before 12 June 2017
4,166,667 Fully Paid Ordinary Shares
6,000,000 Unlisted Options exercisable
at $0.015 on or before 18 February 2018
Indirect (Derwent Resources Limited)
1,650,000 Fully Paid Ordinary Shares
825,000 Listed Options exercisable at
$0.02 on or before 2 March 2018
Nature of change 1. Participation in Company Share
Placement as approved at
Example: on-market trade, off-market Shareholder's meeting on 12
trade, exercise of options, issue of February 2015.
securities under dividend reinvestment
plan, participation in buy-back 2. Participation in Company Share
Placement as approved at
Shareholder's meeting on 12
February 2015.
3. Issue of Director Options under
Employee Incentive Scheme approved
at Shareholder's meeting on 12
February 2015.
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 n/a
Nature of interest n/a
Name of registered holder n/a
(if issued securities)
Date of change n/a
No. and class of securities to n/a
which interest related prior to
change
Note: Details are only required
for a contract in relation to
which the interest has changed
Interest acquired n/a
Interest disposed n/a
Value/Consideration n/a
Note: If consideration is
non-cash, provide details and
an estimated valuation
Interest after change n/a
Part 3 - +Closed period
Were the interests in the securities or contracts No
detailed above traded during a +closed period
where prior written clearance was required?
If so, was prior written clearance provided to n/a
allow the trade to proceed during this period?
If prior written clearance was provided, on what n/a
date was this provided?
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 88 ENERGY LIMITED (FORMERLY TANGIERS PETROLEUM LIMITED)
ABN 80 072 964 179
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.
Name of Director David James Wall
Date of last notice 22 October 2014
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 1. Indirect
2. Indirect
3. Indirect
4. Indirect
Nature of indirect interest 1. David James Wall <The Reserve A/C>;
D J Wall <D J Wall Super Fund A/C>
(including registered holder)
2. D David James Wall <The Reserve A/
Note: Provide details of the C>; D J Wall <D J Wall Super Fund A
circumstances giving rise to the /C>
relevant interest.
3. David James Wall <The Reserve A/C>
4. David James Wall <The Reserve A/C>
Date of change 2 March 2015
No. of securities held prior to change Indirect (David James Wall <The Reserve
A/C>)
4,500,000 Fully paid ordinary shares
(subject to vesting conditions)
5,229,166 Fully paid ordinary shares
Indirect (D J Wall <D J Wall Super Fund
A/C>)
187,500 Fully paid ordinary shares
Class 1. Fully Paid Ordinary Shares
2. Listed Options exercisable at $0.02
on or before 2 March 2018
3. Unlisted Options exercisable at
$0.015 on or before 18 February
2018
4. Fully Paid Ordinary Shares
Number acquired 1. 4,250,000 FPOS
2. 2,125,000 Listed Options
3. 25,000,000 Unlisted Options
Number disposed 4. FPOS Cancelled
Value/Consideration 1. $42,500
Note: If consideration is non-cash, 2. Nil - free attaching options
provide details and estimated valuation
3. Nil
4. Nil
No. of securities held after change Indirect (David James Wall <The Reserve
A/C>)
7,979,166 Fully paid ordinary shares
1,375,000 Listed Options exercisable at
$0.02 on or before 2 March 2018
25,000,000 Unlisted Options exercisable
at $0.015 on or before 18 February 2018
Indirect (D J Wall <D J Wall Super Fund
A/C>)
1,687,500 Fully Paid Ordinary Shares
750,000 Listed Options exercisable at
$0.02 on or before 2 March 2018
Nature of change 1. Participation in Company Share
Placement as approved at
Example: on-market trade, off-market Shareholder's meeting on 12
trade, exercise of options, issue of February 2015.
securities under dividend reinvestment
plan, participation in buy-back 2. Participation in Company Share
Placement as approved at
Shareholder's meeting on 12
February 2015.
3. Issue of Director Options under
Employee Incentive Scheme approved
at Shareholder's meeting on 12
February 2015.
4. Cancellation of Loan shares per
Notice of Meeting released 13
January 2015
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 n/a
Nature of interest n/a
Name of registered holder n/a
(if issued securities)
Date of change n/a
No. and class of securities to n/a
which interest related prior to
change
Note: Details are only required
for a contract in relation to
which the interest has changed
Interest acquired n/a
Interest disposed n/a
Value/Consideration n/a
Note: If consideration is
non-cash, provide details and
an estimated valuation
Interest after change n/a
Part 3 - +Closed period
Were the interests in the securities or contracts No
detailed above traded during a +closed period
where prior written clearance was required?
If so, was prior written clearance provided to n/a
allow the trade to proceed during this period?
If prior written clearance was provided, on what n/a
date was this provided?
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 88 ENERGY LIMITED (FORMERLY TANGIERS PETROLEUM LIMITED)
ABN 80 072 964 179
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.
Name of Director Brent Villemarette
Date of last notice 4 October 2013
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 Indirect
Nature of indirect interest Villemarette Nominees Pty Ltd ATF The
Villemarette Family Trust
(including registered holder)
Note: Provide details of the
circumstances giving rise to the
relevant interest.
Date of change 2 March 2015
No. of securities held prior to change 1,221,222 Fully paid ordinary shares
Class Unlisted Options exercisable at $0.015
on or before 18 February 2018
Number acquired 6,000,000
Number disposed Nil
Value/Consideration Nil
Note: If consideration is non-cash,
provide details and estimated valuation
No. of securities held after change 1,221,222 Fully paid ordinary shares
6,000,000 Unlisted Options exercisable
at $0.015 on or before 18 February 2018
Nature of change Issue of Director Options under
Employee Incentive Scheme approved at
Example: on-market trade, off-market Shareholder's meeting on 12 February
trade, exercise of options, issue of 2015.
securities under dividend reinvestment
plan, participation in buy-back
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 n/a
Nature of interest n/a
Name of registered holder n/a
(if issued securities)
Date of change n/a
No. and class of securities to n/a
which interest related prior to
change
Note: Details are only required
for a contract in relation to
which the interest has changed
Interest acquired n/a
Interest disposed n/a
Value/Consideration n/a
Note: If consideration is
non-cash, provide details and
an estimated valuation
Interest after change n/a
Part 3 - +Closed period
Were the interests in the securities or contracts No
detailed above traded during a +closed period
where prior written clearance was required?
If so, was prior written clearance provided to n/a
allow the trade to proceed during this period?
If prior written clearance was provided, on what n/a
date was this provided?
Appendix 3Y
Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 14 01/01/2011
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 15
www.tangierspetroleum.com
103 Level 2, 5 Ord Street, West Perth WA 6005 PO Box 1674, West Perth WA 6872
Australia Phone +61 8 9485 0990 Fax +61 8 9321 8990
ABN 80 072 964 179
ASX: TPT AIM: TPET
www.tangierspetroleum.com
103 Level 2, 5 Ord Street, West Perth WA 6005 PO Box 1674, West Perth WA 6872
Australia Phone +61 8 9485 0990 Fax +61 8 9321 8990
ABN 80 072 964 179
ASX: TPT AIM: TPET
www.tangierspetroleum.com
103 Level 2, 5 Ord Street, West Perth WA 6005 PO Box 1674, West Perth WA 6872
Australia Phone +61 8 9485 0990 Fax +61 8 9321 8990
ABN 80 072 964 179
ASX: TPT AIM: TPET