Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2
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 Quest Petroleum NL

ABN 22 009 171 046

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

John Simpson

Date of last notice

15 November 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

Direct and Indirect Interest

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Etchell Capital Pty Ltd

Interest as a Director and Beneficiary

Date of change

18 December 2012

No. of securities held prior to change

John Andrew Simpson

34,246,216 Ordinary Fully Paid Shares

Etchell Capital Pty Ltd

38,462,981 Ordinary Fully Paid Shares

1,207,167 Listed Options exercisable at 1.5 cents on or before 30 June 2016

Class

Fully Paid Ordinary Shares

Listed Options

Number acquired

12,118,200 Fully Paid Ordinary Shares

6,059,101 Listed QPNO Options

Number disposed

12,118,198 Fully Paid Ordinary Shares


+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$72,709.20 entitlement acceptance, $72,709.20 cross trade.

No. of securities held after change

John Andrew Simpson

39,913,959 Ordinary Fully Paid Shares

2,853,852 Listed QPNO Options exercisable at

1.5 cents on or before 30 June 2016.

Etchell Capital Pty Ltd

32,755,280 Ordinary Fully Paid Shares

4,412,416 Listed Options exercisable at 1.5 cents on or before 30 June 2016

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Acceptance of entitlement under the Entitlement

Issue and on market cross trade.

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

(if issued securities)

N/A

Date of change

N/A

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

N/A

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

N/A

Interest after change

N/A


+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002

Part 3 - Closed Period

Appendix 3Y Change of Director's Interest Notice

Were the interests in the securities or contracts detailed above traded during a closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A


+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 3

distributed by