TALIUS GROUP LIMITED — Capital/Financing Update 2009

Oct 27, 2009

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ASX ANNOUNCEMENT

27th October 2009

Martin West I – Settlement of Purchase

Advance Energy Limited is pleased to announce final settlement on the acquisition of interests in certain properties located in Martin County, Texas. This acquisition was announced on 30th September.

The assets include 10 wells currently producing 87 gross BOEPD. The properties are located on approximately 1,600 acres in the Permian Basin of West Texas. Net Revenue from the properties, based on the month of October 2009, is estimated to exceed US$70,000.

Development plans for these assets include a minimum of 10 additional development wells with each of the 10 existing wells having at least one behind pipe and/or workover candidate. Commencement of the development programme is scheduled to start in the first quarter of 2010. It is anticipated that each behind pipe development will initially contribute an additional 15 BOEPD net to Advance. At today’s commodity prices, this would represent an additional US$30,000 per calendar month in net revenues.

This acquisition ideally fits Advance’s business model of identifying mature producing assets with significant development upside. It is also situated in Martin County, where Advance already has existing production assets and operating infrastructure. This project is typical of the type of project that the Company will look to acquire from the proceeds of the A$20 million listed convertible note issue, approved by shareholders on 13 October.

This acquisition further demonstrates the Company’s track record and dedication to its investment philosophy and acquisition criteria, regardless of market conditions.

FOR FURTHER INFORMATION CONTACT

Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122 Facsimile: 08 9486 1011

ABOUT ADVANCE ENERGY LIMITED

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 looks 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 maximise returns on funds invested.

ADVANCE ENERGY LIMITED Martin West settlement ASX CODE: AVD www.advanceenergyltd.com.au