FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Regulatory Filings 2014

Dec 23, 2014

ASX ANNOUNCEMENT 24[th] DECEMBER 2014

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COOPER BASIN JV UPDATE

ASX RELEASE

Tellus Resources Ltd is an Australianbased oil, gas and mineral exploration company with licences in Utah, Madagascar, South Australia, Queensland and New South Wales.

Directors:

Robert Kennedy (Chairman) Carl Dorsch (Managing Director) Neil Young (Non-Executive Director)

Issued Shares:

283,848,295 ordinary shares

Tellus Resources Limited (“TLU” or “the Company”) wishes to provide an update on its Cooper Basin exploration activities in Petroleum Retention Licences (PRLs) 108, 109 and 110.

TLU has just executed an Agreement with its joint venture partner, Senex Energy Ltd (ASX: SXY), which has the effect of amending the prior Farmin Agreement between the parties, as follows:

• 1) Instead of drilling a carried well, SXY will instead fully fund the acquisition, processing and interpretation of a 3D seismic program covering approximately 42 square kilometres of the PRLs (and additional “tails” extending into neighbouring licences).

• 2) In return SXY will earn an additional 7% equity in the PRLs.

Tellus Resources Ltd

ASX Code: TLU

T: +61 8 8100 9200 F: +61 8 8212 9291

Level 7, 28 Grenfell Street (PO Box 190, Rundle Mall)

ADELAIDE 5000

• 3) SXY intends to commence the seismic program in the first quarter of 2015. The Agreement has mechanisms to encourage the timely performance of this farm-in work.

Commenting on this development, the Company’s Managing Director, Mr Carl Dorsch, said “Conducting a 3D seismic program on our Cooper Basin assets is a technically sensible move for TLU. It leaves us with a flexible equity level of 43% and will hopefully position us for a lower risk well to be drilled thereafter.”

SOUTH AUSTRALIA

Website: www.tellusresources.com.au

Enquiries :

Carl Dorsch +61 (0)400 508 088 carl.dorsch@tellusresources.com.au

TELLUS RESOURCES LTD - ASX Announcement

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