b884580b-d1f2-43e6-aca4-195dfcd90658.pdf

STREET ADDRESS

Unit 17, Level 2

ASX Announcement 31 MARCH 2016 QUARTERLY ACTIVITIES REPORT

100 Railway Road

Subiaco, Western

Australia 6008

POSTAL ADDRESS

PO Box 8129

Subiaco East 6008

CONTACT DETAILS

Tel: +61 (0)8 9380 9920

Fax: +61 (0)8 9381 5064

info@indusenergy.com.au www.indusenergy.com.au

Share Price: $0.010 Shares: 157,453,599

Market Cap: $1.57m

BOARD & MANAGEMENT

Mr John (Gus) Simpson

Non-Executive Chairman

Mr Anthony Milewski

Managing Director

Mr Jonathan Whyte Non-Executive Director and Company Secretary

Mr Ken Bull

Chief Operating Officer

ABN

22 009 171 046

ASX CODE

IND

27 April 2016

Highlights Projects

  • Review of acquisition opportunities

    Corporate

  • Cash and Cash Equivalents as at 31 March 2016 $1.6m

Projects

Acquisition Opportunities

The Company continued the project review process during the quarter and has now identified several attractive acquisition opportunities. Technical due diligence has commenced on one of these projects and the Company is reviewing data on another potential transaction.

The Company's recent focus is on opportunities outside of the oil and gas sector, given the challenging market conditions in oil and gas, and to enter a transaction that will generate significant shareholder interest and value.

The Company is reviewing technical data and assessing prospectivity on both prospects above and, subject to satisfactory due diligence, is aiming to agree on initial terms during the June quarter. In such a difficult commodities market the Board remains ultimately committed to finding a project that can take advantage of current and future market trends and deliver sustainable value to all shareholders.

Indus will provide a shareholder update as soon further material progress on these review activities occurs.

Corporate

Cost Reduction Measures

The Company continues to keep all expenditure and overheads to a minimum and will maintain this policy until such point as the Company is fully engaged in operational activity. The Company's cash reserves remained virtually unchanged from the previous quarter

Cash and Liquid Assets

As at 31 March 2016 the Company held cash and cash equivalents of $1.6m.

www.indusenergy.com.au

On behalf of the Board of Directors For further information contact: Anthony Milewski

Managing Director

Phone: +61 8 9380 9920

Fax: +61 8 9381 5064

Email: info@indusenergy.com.au

www.indusenergy.com.au

Indus Energy NL issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 07:54:09 UTC

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