SENSEN NETWORKS LIMITED — Capital/Financing Update 2012

Sep 26, 2012

27 September 2012

MINING RE-COMMENCES AT ORPHEUS’ B2 EAST KALIMANTAN COAL PROJECT

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• B2 project overburden removal completed and coal exposed

• Coal getting has commenced with target production of 30,000tpm

• Orpheus to receive net $US8 per tonne on all coal sales, expected to be US$240,000 per month

• Orpheus not responsible for any capital, operating or marketing expenses

Orpheus Energy (ASX:OEG) is pleased to advise that its Indonesian mining contractor PT Debbia Mining has successfully completed the removal of overburden and exposed coal at its 51% owned B2 project in East Kalimantan, Indonesia.

Figure 1: B2 project coal seam exposure and mining re-commencing in the new pit (September 2012)

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Figure 2: coal getting and loading at the new B2 pit (September 2012)

Figure 3: B2 project truck fleet mobilised as production ramps up (September 2012)

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Coal production will now commence from the new pit, located in the central section of the tenement area, ramping up to 30,000tpm. Coal will be transported by truck to the nearby barge loading facility at Tampang Village, ~27 km away from the mine site.

Orpheus is not responsible for any capital, operating or coal marketing expenses under the life of mine arrangement with PT Debbia Mining. As previously announced on 2 July 2012, Orpheus will receive a royalty of net $US8 per tonne of coal sold, and at the expected production rate this will earn Orpheus US$240,000 per month.

The current JORC coal resource at the B2 project of 0.95Mt indicated and 0.18Mt inferred will provide an initial mine life of approximately three years. The current mine plan allows for PT Debbia Mining to move to the adjacent B6 project ( currently contains an exploration target of 1.5Mt to 2.5Mt and calorific value of 5,950 to 6,850 kcal/kg*) as B2 coal reserves are depleted.

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Orpheus will also commence a JORC drilling program at its nearby B34 project (current exploration target of 5 - 10Mt and calorific value of 7,200 to 8,100 kcal/kg*) , in October 2012, approximately 60 km west, which will delineate additional resources to continue mining in this area.

Executive Chairman, Wayne Mitchell said, “We are very happy with our mining contractor’s positive progress at B2. Once we reach our 30,000tpm target production rate, the company will be in a cash-flow positive situation, which gives us the flexibility to focus on rapidly developing our other near-term production projects. We look forward to reporting to our shareholders coal sales revenue milestones over the next few months.”

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For further information, please contact:

David Smith Email: info@orpheusenergy.com.au Phone +61 2 9922 3930 www.orpheusenergy.com.au

Released through:

Sam Sloane Six Degrees Investor Relations +61 2 9230 0661 or +61 412 845 920

Cautionary Note:

This release may contain forward-looking statements that are based upon management’s expectations and beliefs in regards to future events. These statements are subjected to risk and uncertainties that might be out of control of Orpheus Energy Limited and may cause actual results to differ from the release. Orpheus Energy Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.

Competent Person’s Statement:

The statements above apply in respect of the information in this announcement that relates to exploration targets and mineral resources. The information is based on, and accurately reflects information compiled by Wes Harder, who is a Member of the Australasian Institute of Mining and Metallurgy. Wes Harder is a Director of Orpheus Energy Limited and is a Geologist who has sufficient experience which is relevant to the style of coal mineralisation and type of deposit under discussion and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Wes Harder consents to the inclusion in the report of the material, based on his information, in the form and context in which it appears.

*** JORC- Exploration Target**

It is common practice for a company to comment and discuss its exploration in terms of target and size type. The information in this announcement relating to exploration targets should not be misunderstood or misconstrued as an estimate of mineral resources or ore reserves. The potential quantity and grade is conceptual nature, there has been insufficient work completed to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.

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