TALIUS GROUP LIMITED — Capital/Financing Update 2007

Nov 21, 2007

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ASX Announcement 22 November 2007

Brown-Vick Project

Advance Energy Limited (AVD) is pleased to announce that it has extended its influence in the Palo Pinto County, Texas through the acquisition of a 30% working interest (27.5% Net Revenue Interest) in the Brown–Vick project for US$156,000 - 3 wells.

Palo Pinto-Brown-Vick Project

Project Palo Pinto-Brown Vick Prospect BV Conglomerate Well Name Brown Vick #1 Well Type Gas and Associated Oil Location NE Palo Pinto County, Texas Proposed Depth 4,300 feet Working interest 30.0% Acreage 390 Acres Reserve Potential 2.4 BCFE (Proved Undeveloped) Operator Dry Fork Production Co., LLC Status Location built and anticipated spud date of Nov 30, 2007

This project has been selected by AVD based on the following strategic criteria:

• Less than three miles from the Company’s Lone Camp Project;

• Low risk, low cost drilling with the potential of per well reserves in excess of 600 MMCF;

• Economies of scale as AVD already has 18 producing wells in the County;

• Proven exploration and development team that has an 85% success rate in the Palo Pinto area;

• Large upside in the Barnett Shale; and

• Completion and first sales to hit the market planned to coincide with the high price point of winter

For further information contact:

Mr Anthony Short Managing Director Telephone: 08 9486 1122 Facsimile: 08 9486 1011

Advance Energy Limited is focused on the acquisition and development of oil and gas producing assets in Texas USA. The company aims to acquire assets with a combination of debt and equity that have current production and cash flow and to enhance production and cash flow through the further development of these assets. Once a property has reached its full productive potential and/or has achieved economic payout to Advance Energy, the Company would look to on sell all or part of its interest. It is the aim of the Company to develop a portfolio of assets which will be developed and traded to maximize returns on funds invested.

Advance Energy Limited ASX Code: AVD Website: www.advanceenergyltd.com.au

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