SENSEN NETWORKS LIMITED — Capital/Financing Update 2014

Feb 6, 2014

7 February 2014

Centralised Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Orpheus Energy Limited (ASX:OEG) wishes to advise that the unlisted options issued to Mr Michael Rhodes, as advised to the market on 20 January 2014, were inadvertently issued in breach of listing rule 10.14 and have been cancelled. The corrected Appendix 3B and Appendix 3Y are attached.

For further information, please contact: John Stone, Company Secretary Email: info@orpheusenergy.com.au; Phone +61 2 8281 8200

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Orpheus Energy Limited

ABN

67 121 257 412

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• +Class of +securities issued or to $\mathbf{1}$ be issued
• Number of +securities issued or $\overline{2}$ to be issued (if known) or maximum number which may be issued
• Principal terms of the 3 +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Unlisted Share options exercisable at $0.0607 expiring 30 June 2017- cancelled

2,000,000 Unlisted options cancelled

+ See chapter 19 for defined terms.

Do the +securities rank equally $\overline{4}$ in all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do
• the extent to which they $\bullet$ participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Issue price or consideration 5

6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed
• Number of +securities issued 6с without security holder approval under rule 7.1

+ See chapter 19 for defined terms.

• 6d Number of +securities issued with security holder approval under rule 7.1A
• 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
• $6f$ Number of +securities issued under an exception in rule 7.2
• 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
• 6h If +securities were issued under rule $7.1A$ $for$ non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
• +Issue dates $\overline{7}$

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all *securities quoted on ASX (including the +securities in section 2 if applicable)

Number	+ Class
150,256,271	Fully Paid Ordinary
	Shares

• See chapter 19 for defined terms.

$\overline{9}$ Number and +class of all *securities not quoted on ASX (including the +securities in section 2 if applicable)

Number	+ Class
13,925,000	Options exercisable
	at 20 cents expire
	30-9-2014
1,000,000	Options exercisable
	at 25 cents expire
	$4 - 8 - 2014$
10,189,458	Options exercisable
	at $0.0607 expire
	$30 - 6 - 2017$

Dividend policy (in the case of atrust, distribution policy) on the $10,$ increased capital (interests)

Part 2 - Pro rata issue

11	holderIssecurityapprovalrequired?
12	Is the issue renounceable or non-renounceable?
13	Ratio in which the + securitieswill be offered
14	+ Class of + securities to which theoffer relates
15	+ Recorddatedeterminetoentitlements
16	Willholdingsdifferentonregisters (or subregisters) beaggregatedforcalculatingentitlements?
$17^{1}$	Policy for deciding entitlementsin relation to fractions
18	Names of countries in which theentity has security holders whowill not besent new offerdocumentsNote: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.

+ See chapter 19 for defined terms.

Closing date for receipt ofacceptances or renunciations 19

+ See chapter 19 for defined terms.

Appendix 3BNew issue announcement

20	Names of any underwriters
21	Amount of any underwriting feeor commission
22	Names of any brokers to the
	issue
23	Fee or commission payable to the
	broker to the issue
24	Amount of any handling fee
	payable to brokers who lodgeacceptances or renunciations on
	behalf of security holders
25	If the issue is contingent on
	security holders' approval, the
	date of the meeting
26	Date entitlement and acceptance
	form and offer documents will be
	sent to persons entitled
27	If the entity has issued options,and the terms entitle option
	holdersparticipatetoon
	exercise, the date on which
	notices will be sent to optionholders
28	Date rights trading will begin (if
	applicable)
29	Date rights trading will end (ifapplicable)
30	How do security holders sell
	their entitlements in full througha broker?
31	How do security holders sell part
	of their entitlements through a
	brokerandacceptfor thebalance?

+ See chapter 19 for defined terms.

How do security holders dispose 32 of their entitlements (except by sale through a broker)?

+Issue date 33

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• Type of +securities 34 (tick one)
  • *Securities described in Part 1
    • All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35

$(a)$

$(b)$

• If the 'securities are 'equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
• 36 If the 'securities are 'equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000 100,001 and over

37

A copy of any trust deed for the additional +securities

+ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

• Number of +securities for which 38 +quotation is sought
• +Class of +securities for which 39 quotation is sought
• Do the +securities rank equally in 40 all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do
• the extent to which they $\bullet$ participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend. distribution or interest payment
• Reason for request for quotation $41$ now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another +security, clearly identify that other 'security)

Number and +class of all 42 *securities quoted on ASX (including the +securities in clause $38)$

Number	+ Class

Quotation agreement

• +Quotation of our additional +securities is in ASX's absolute discretion. ASX $\mathbf{1}$ may quote the +securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
  • The issue of the 'securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those 'securities should not be granted *quotation.
  • An offer of the 'securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
• If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any 3 claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and

complete. $\left( -2\right) \cup$ Sign here: . . . . . . . . . . . . . . . . . . . . (Director/Company secretary)

Print name:

+ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

	Name of entity Orpheus Energy Limited
ABN	67 121 257 412

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Rhodes
Date of last notice	20 January 2014

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr M & Mrs T Rhodes
Date of change	3 February 2014
No. of securities held prior to change	70,000 Ordinary shares2,000,000 Unlisted Options ex at $0.0607exp 30-6-2017
Class	Unlisted Options
Number acquired
Number disposed	2,000,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	70,000 Ordinary shares

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Unlisted Options cancelled

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" shouldbe disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 - + Closed period

Were the interests in the securities or contracts detailedabove traded during a + closed period where prior writtenclearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.