TALIUS GROUP LIMITED — Interim / Quarterly Report 2014

Oct 30, 2014

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

Antilles Oil and Gas NL

ABN 62 111 823 762	Quarter ended (“current quarter”)
62 111 823 762	30 September 2014

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other Net Operating Cash Flows	Current quarter $A’000	Year to date (9months) $A’000
	- (421) - - (690) - 3 - - -	- (421) - - (1,071) - 3 - - -
	(1,108)	(1,489)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (12) - - - -	- - (32) - - - -
	(12)	(32)
	(1,120)	(1,521)

• See chapter 19 for defined terms.

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1.13 Total operating and investing cash flows (brought forward)	(1,120)	(1,521)
Cash flows related to financing activities 1.14 Proceeds from issues of shares and notes 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (option issue to be refunded) Net financing cash flows	4,017 - - - - -	4,417 - 12 (3) - -
	4,017	4,426
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	2,897 8 -	2,905 - -
	2,905	2,905

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		111
		-
1.25	Explanation necessary for an understanding of the transactions
	Director fees and professional services

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• During the quarter 995,273,454 pre-consolidation shares were issued due to the conversion of convertible note loans and 11,351,375 pre-consolidation shares were issued as part of the recent company restructure to settle some legacy loans and creditors.

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities 3.2 Credit standby arrangements- line of credit

n.
Amount available $A’000	Amount used $A’000
-	-
-	-

Note – the Company has approval from shareholders to raise $5 million through a share placement.

Estimated cash outflows for next quarter

• $A’000

• 4.1 Exploration and evaluation 650 4.2 Development - 4.3 Production - 4.4 Administration 250 Total 900

Reconciliation of cash

Total Reconciliation of cash		900
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details):	2,905	8
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	2,905	8

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	N/A
	N/A

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

• See chapter 19 for defined terms.

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	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases- capital returns, buy- backs or redemptions	9	Unquoted
7.3 +Ordinary securities 7.4 Changes during quarter OPENING BAL Increases/(decreases) - through issues - (consolidations) - (capital returns or buy-backs)	28,327,811 9,000,000	28,327,811 9,000,000		Fully paid $0.01 partly paid payable to $0.20 on or before 11 September 2019
	22,372,513 1,006,624,829 (pre consolidation issue) (1,016,259,531) 1:80 consolidation 15,590,000 (post consolidation issue) 9,000,000	22,372,513 1,006,624,829 (pre consolidation issue) (1,016,259,531) 1:80 consolidation 15,590,000 (post consolidation issue) 9,000,000		Fully paid Fully paid Fully paid Fully paid $0.01 partly paid payable to $0.20 on or before 11 September 2019
7.5 Performance securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured,converted	9,000,000 Class A Performance Rights 2,000,000 Class B Performance Rights	Unquoted	Nil	N/A
	9,000,000 Class A Performance Rights 2,000,000 Class B Performance Rights
7.7 +Convertible debt securities (description)	-	-

• See chapter 19 for defined terms.

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7.8 Changes during quarter (a) Increases through issues (b) Decreases- maturing or conversion of securities	(6,630,500)	(6,630,500)
7.9 Options (description and conversion factor) 7.10 Issued during quarter 7.11 Exercised during quarter 7.12 Expired during quarter	2,041,169		Exercise price $0.48	Expiry Date 31/03/2015
	2,041,169		$0.48	31/03/2015
7.13 Debentures (totals only)
7.14 Unsecured notes (totals only)

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does give a true and fair view of the matters disclosed.

==> picture [99 x 38] intentionally omitted <==

Sign here: Date: 31 October 2014

(Company secretary) Print name: Ranko Matic

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• See chapter 19 for defined terms.

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• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

Oil and Gas Interests as at 30 September 2014

			Interest at	Acquired/	Interest at
			beginning	Disposed	end of
Tenement Reference	Tenement	Location	ofquarter		quarter
Roman “27” #1 * API# 42-317-36123	Spraberry	Texas, USA RRC# 40739	WI 50% NRI 38.75%	-	WI 50% NRI 38.75%

• Interest is APO (after payout only) and the operator is Endeavor Energy Resources L.P. Total acreage held is 160. The interest is held by the Company’s subsidiary, Advance Exploration and Production, Inc.

Summary of farm-in or Farm-out arrangements

			Interest at	Acquired/	Interest at
	Tenement		beginning	Disposed	end of
Tenement	Reference	Location	ofquarter		quarter
None	N/A	N/A	N/A	N/A	N/A

• See chapter 19 for defined terms.

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