604 Page 1 of 2

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme

ACN/ARSN

Tap Oil Limited

068 572 341

1. Details of substantial holder (1)

Name

Risco Energy Investments (SEA) Limited ("REI")

Suncastle Equities, Inc. ("Suncastle")

ACN/ARSN (if applicable)

N/A

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

2. Previous and present voting power

15/12/2020

1/10/2019

1/10/2019

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)

Previous notice

Present notice

Person's votes

Voting power (5)

Person's votes

Voting power (5)

Ordinary Shares

193,838,462

45.56%

195,777,325

75.14%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change

Person whose

Nature of change (6)

Consideration

Class and number

Person's votes

relevant interest

given in relation to

of securities

affected

changed

change (7)

affected

17-Oct-2019 to

REI and

1,938,863

BUY

$175,573.68

Ordinary

1,938,863

14-Dec-2020

Suncastle

Shares

Increase in

voting power

resulting from

REI and

the reduction

15-Dec-2020

in the total

Nil

Nil

Nil

Suncastle

number of

Company's

Ordinary

Shares

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of

Registered holder

Person entitled to be

Nature of relevant

Class and number

Person's votes

relevant

of securities

registered as holder

interest (6)

of securities

interest

(8)

REI

REI

REI

REI is the

195,777,325

registered

Ordinary

195,777,325

holder of the

Shares

securities

604 Page 2 of 2

REI

REI

By operation of

s608(3) of the

Corporations

195,777,325

Act, Suncastle

Suncastle

Ordinary

195,777,325

has a relevant

Shares

interest in any

securities REI

has

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name

Address

REI

Morgan & Morgan Building Pasea Estate Road Town Tortola British Virgin Islands

Suncastle

Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands

Signature

print name

D. Servant

capacity

Authorised signatory

sign here

date

17 / 12 / 2020

DIRECTIONS

  1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
  2. See the definition of "associate" in section 9 of the Corporations Act 2001.
  3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
  4. The voting shares of a company constitute one class unless divided into separate classes.
  5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
  6. Include details of:
    1. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
    2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  1. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
  2. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
  3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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Tap Oil Limited published this content on 17 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2020 03:46:05 UTC