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 30/09/01 Amended 01/01/11

Name of entity Drillsearch Energy Limited

ABN 73 006 474 844

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

Ross Wecker

Date of last notice

13 November 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

(1) Indirect

(2) Direct

(3) Direct

Nature of indirect interest

(including registered holder)

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

(1) Mrs Paula Ann Wecker

(2) - (3) -

Date of change

18 July 2014

No. of securities held prior to change

(1) 447,343 ordinary fully paid shares

(2) 171,371 options exercisable at 59.6 cents each.

Expire 20/06/18.

(3) 390,798 options exercisable at 59.6 cents each.

Expire 23/11/18.

Class

(1) ordinary fully paid shares

(2) options

(3) options

Number acquired

(1) -

(2) - (3) -

Number disposed

(1) -

(2) 7,897 options

(3) -

+ See chapter 19 for defined terms.

01/01/2011 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

(1) -

(2) Nil

(3) -

No. of securities held after change

(1) 447,343 ordinary fully paid shares

(2) 163,474 options exercisable at 59.6 cents each.

Expire 20/06/18.

(3) 390,798 options exercisable at 59.6 cents each.

Expire 23/11/18.

Nature of change

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

Expiry of options following the testing of performance

hurdles.

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

Part 3 - +Closed period

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

Date lodged: 21 July 2014

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 2

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