TALIUS GROUP LIMITED — Capital/Financing Update 2008

Jan 15, 2008

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ASX Announcement 16 January 2008

Martin County Activity Update

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Project Motherlode Phase II Prospect Totem Well Type Oil and Associated Gas Location Martin County Texas Depth 10,750 feet Working interest 12.5 % Operator Endeavor Energy Resources Status Producing

The Company is pleased to announce the 4[th] successful completion on its Totem Prospect. The well, successfully stimulated in 9 different zones, was put on production in mid December of 2007 and is currently producing 60 BOPD, 90 MCFPD and 150 BLWPD (BLWPD = barrels of frac load water per day). As the 19,000 barrels of frac water is recovered, it is estimated the well will peak at 100 BOPD and 150 MCFPD.

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Thomas 5-1
Project	Motherlode Phase II
Prospect	Key East
Well Type	Oil and Associated Gas
Location	Martin County Texas
Depth	11,000 feet
Working interest	12.5 %
Operator	Endeavor Energy Resources
Status	Producing

The well has been put on pump and is currently producing at rates in excess of 120 BOPD and 200 MCFPD. Three offsets to this well are planned for 2008.

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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