Saving out Management some time I wrote the Quarterly for them

All one has to do is copy paste to company letterhead and then back on leave till Mid March........

ASX Announcement

31 January 2016

QUARTERLY ACTIVITIES REPORT

Highlights Projects Ø Review of other acquisition opportunities Corporate Ø Cash and Cash Equivalents as at 30 December 2015 $1.23m

Projects- During the quarter it had been actively pursuing several potentially attractive acquisition opportunities, both in oil and gas and other sectors. In the current low oil price market, the Company has broadened the scope of this review process and is committed to finding a suitable project that can provide value to the Company and its shareholders. The project review process and preliminary due diligence process continues. Indus will provide an update at the point in time that any of these opportunities are sufficiently advanced to warrant such disclosure.

Corporate Cost Reduction Measures The Company is preserving its strong cash position and as previously advised, has reduced all corporate and other overhead to a minimum. This policy is being maintained until such point as the Company is fully engaged in operational activity. Cash and Liquid Assets at 31December 2015 the Company held cash and equivalents of $1.23m.  The extra $300k spent this quarter was on bonuses for our exhausted World Class Management team after an extremely productive year.  We are sure our shareholders understand.

STREET ADDRESS Unit 17, Level 2 100 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 [email protected] www.indusenergy.com.au Share Price: $0.013 Shares: 157,453,599 Market Cap: $1.5m 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 www.indusenergy.com.au

On behalf of the Board of Directors