TALIUS GROUP LIMITED — Interim / Quarterly Report 2014

Jan 29, 2015

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ASX ANNOUNCEMENT

30[th] January 2015

– ASX QUARTERLY ACTIVITIES REPORT DECEMBER 2014 QUARTER

Operations

Antilles Oil and Gas NL (“Antilles”) continues to identify and develop opportunities within the established strategy in both the deep water exploration and near term exploration/appraisal targeting the Caribbean and northern South America.

The company is seeing excellent near term exploration / appraisal options in onshore South America with the potential to add a base level of value into the company. These near term opportunities are onshore with a low entry cost leading to drilling and the company has two active negotiations ongoing looking to complete in the first quarter 2015.

In the greater Caribbean the company has three active bids with negotiations in progress and intends to secure one high impact exploration block which has potential to add high multiples of value into the company in the first half 2015.

In line with our strategy to draw on alliances to support bids for acreage with Governments and deliver work programs efficiently, Antilles has finalised agreements with Multi Client Geophysical (MCG) of Norway to cooperate in exploration efforts in the Caribbean where both companies see areas of high potential. This compliments the other two alliances that have been put in place over the past 4 months with AGR FJ Brown, Inc (drilling) and Polarcus (2D seismic).

Regional highlights include strong activity with BHPBilliton entering into contracts in Trinidad and Barbados http://www.oedigital.com/component/k2/item/7676-trinidad-bhp-bg-sign-ontwo-deepwater-blocks, Petrobras making the first deep water discovery offshore Colombia http://www.ogj.com/articles/2014/12/petrobras-makes-deepwater-discovery-in-colombiancaribbean.html, and Tullow investing in offshore Jamaica http://jamaicagleaner.com/gleaner/20141112/business/business62.html.

The falling oil price has created headwinds for oil and gas explorers and developers and there has been considerable debate in the media and amongst analysts as to where it will ultimately settle and what projects are most affected. It is the view of the board that the deep water projects that the company plans to enter into will have terms set that work down to the lower oil prices and that these projects will provide attractive opportunities for partners once the early exploration work has been completed leading to subsequent drilling.

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Level 1, 12 Kings Park Road West Perth WA 6005 PO Box 44 West Perth WA 6872

abn: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au

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ASX ANNOUNCEMENT

30[th] January 2015

Corporate

The company along with Stocks Digital is improving our investor communications to allow investors to receive up to the minute news flow which can be found at the following news feeds.

http://www.linkedin.com/company/antilles-oil-and-gas-nl

https://plus.google.com/109141730697830935806/posts

https://twitter.com/Antilles_AVD

https://www.facebook.com/pages/Antilles-Oil-Gas/710443832377411

David Ormerod Managing Director

For further updates refer to the website or contact the Company Secretary, Mr Ranko Matic, on (08) 9226 4500.

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Level 1, 12 Kings Park Road West Perth WA 6005 PO Box 44 West Perth WA 6872

abn: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au