TALIUS GROUP LIMITED — Investor Presentation 2014

Jul 23, 2014

Investor presentation

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ANTILLES OIL & GAS JULY 2014
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Antilles represents an entry for investors into high value deep water Atlantic Margin type exploration

Antilles team possesses business and technical skills from the Atlantic Margin applicable to the Antilles Region

SNAPSHOT

Targeting countries where Antilles has experience

Antilles has a strategic technical relationship with geophysical specialist contractor to enable use of cutting edge geophysical technology

Proven ability with small Australian companies Karoon Gas and Pura Vida Energy in accessing high quality Atlantic Margin acreage of same style as that available in the Antilles

ANTILLES OIL & GAS JULY 2014

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DIRECTORS & MANAGEMENT

PERSONNEL

Dr. Jack Hamilton

David Ormerod

Gary Grubitz (Proposed)

Damian Black

Ranko Matic

POSITION

Non-Executive Chairman

Managing Director

Non-Executive Director

Non-Executive Director

Company secretary/CFO

EXPERIENCE

Highly experienced executive and board director with over 25 years experience, previous director NW Shelf for WPL. Currently director of Duet Group, SXE.

25+ years oil and gas exploration experience in capturing and operating new quality acreage. Former Technical Director Pura Vida Energy.

35+ years oil and gas deep water exploration experience in operating high quality acreage. Former Vice President Exploration, BHP.

Extensive experience in corporate finance, specialising in resources/oil and gas sector.

Extensive experience in corporate governance.

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THE STRATEGY

• Evaluate existing assets with a view to acquiring additional acreage for exploration, farmout or monetisation

– Caribbean / Northern South America another focus for new acreage

– ASX listed company a positive for pre-qualification

• Focus on large scale resources in basins with proven hydrocarbon potential / moderate risk high reward

– Secure assets with low forward commitments and enhance value through technology application

• Farm out prior to drilling

• Offer investors 10+ fold leverage to success

ANTILLES OIL & GAS

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CAPITAL STRUCTURE

	Shares	Options
Existing Shares	1,028,997,342	163,291,495
Post consolidation shares (80:1)	12,862,466	2,041,144*
Capital Raising: $5M at 20 cps	25,000,000
Total	37,862,466

• Current cash at bank A$1Million

• *Options exercisable at $0.48, expiry June 2015

• Directors and management to receive 16.6M Class A Performance Shares,2.3M Class B Performance shares and 18M partly paid shares (1c paid, 19c to pay)

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JULY 2014

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INVESTMENT THEMES

• Proven board with career success at both junior company and major level extensive industry networks

• Strategic industry partnerships, including seismic, HSE and drilling which mitigates funding risk for Antilles

• Antilles team has a recent successful track record in Caribbean and South America

• Negotiations underway

• Desirable fiscal regime/operational setting

• Strong finance/capital markets experience

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ANTILLES OIL & GAS JULY 2014

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DAVID ORMEROD – A PROVEN TRACK RECORD

Pura Vida

• Founder of the company and responsible for entry to Morocco

• Entry to deep water Morocco ahead of the industry

• Subsequently farmed out to FreePort McMoran for two wells, total value $230M

• – Drilling to start in Jan 2015

• Entry to Gabon and Madagascar deep water blocks

Karoon

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• Responsible for entry into Santos Basin Brazil where Karoon successfully farmed out to Pacific Rubiales and subsequently drilled three wells two of which were significant discoveries.

• Responsible for entry to Peru where Karoon has offshore and onshore acreage with drilling commencing soon

BHP

• Worked a variety of regions including GoM, West Africa, SE Asia, Brazil,

• – Multiple deep water wells drilled in variety of settings including

• – Partnered with oil majors in number of JV’s including Exxon, Shell, BP

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GARY GRUBITZ

– EXCEPTIONAL EXPLORATION SUCCESS

Team leader Atwater fold belt, 1995–2000

• Worked large Gulf of Mexico AMI with BP

• Opened Middle and Lower Miocene play in Green Canyon – the most significant new play in the period

• Made multi-hundred million barrel deepwater Miocene discoveries at Neptune, Atlantis, and Mad Dog

Exploration manager Gulf of Mexico, 2001–2006

• Made multi-hundred million barrel deepwater discoveries at Cascade (operated), Puma, Chinook (operated), Shenzi (operated), and Knotty Head

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• Opened Paleocene-Eocene play in Walker Ridge – the most significant new play in the period

• Additional commercial discoveries: Boris, Vortex, Boris South, Tiger, Starlifter, Mustang, and Little Burn

• BHP added the highest value per exploration dollar spent over 10-year period from 1995 to 2005

VP Global Exploration, 2006–2013

• Delivered multi-Tcf discoveries in Australia

• Expanded deepwater portfolio in SE Asia, Latin America, and West Australia

• Successful field extensions in Malaysia-Brunei

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EXISTING ASSETS

• Antilles has a 50% WI in The Mother Load 3 Project in Martin County

– Antilles has access to experienced operators and contractors in the US

• No legacy work programs or financial commitments to complete

– Antilles is currently completing a full technical/strategic review of the existing assets

– Potential to build a broader acreage position and partner to drill a test of the highly productive Wolfcamp unconventional oil play

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US ASSET – PERMIAN BASIN WOLFCAMP UNCONVENTIONAL OIL PLAY (BAUMGARDNER 2014)

The Wolfcamp is an unconventional reservoir requiring horizontal wells and fracturing

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US ASSET – PERMIAN BASIN WOLFCAMP UNCONVENTIONAL OIL PLAY (BAUMGARDNER 2014)

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Martin County
Martin County
The Wolfcamp shale is seen in the US as the next potential major oil reserve after the Bakken
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US ASSET – PERMIAN BASIN WOLFCAMP UNCONVENTIONAL OIL PLAY (BAUMGARDNER 2014)

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The Wolfcamp shale is seen in the US as the next potential major oil reserve after the Bakken

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ACREAGE LOCATION AND POTENTIAL ADDITIONAL ACREAGE

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Active leases with expiry within 12 months Leases held by production
/ANTILLES
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ANTILLES OIL & GAS JULY 2014
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Strategic Seismic Partnership: established agreements with key seismic groups, exchanging equity position in the block for seismic survey

STRATEGIC INDUSTRY PARTNERSHIP

Drilling: partnered with a large offshore drilling company for drilling, HSE management. Facilitates participation in deep water bid rounds

Significantly reduces financial risk for investors

Deepens technical and corporate capability

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ANTILLES REGION

Stable democracies

Sovereign risk amongst lowest in South America Significant production

Good terms for oil

Same system as seen in Venezuela where resource is 135 BBO

Antilles will chase Venezuelan system through the Caribbean

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Trinidad has
around 13 BHP
TCF / 1 BBO
BHP
BP BP
BHP
BHP
BHP
Anadarko
Exxon
Venezuela
has around
135 BBO
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EASTERN CARIBBEAN ACTIVITY

Surrounding blocks taken by BP, BHP and Anadarko. BHP has committed to more than one billion dollars in exploration effort.

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2014 bid
round
blocks
Repsol
Shell
Anadarko
Shell
Anadarko
Anadarko
Colombia
resources
2.4 BBO
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WESTERN CARIBBEAN ACTIVITY

Major producing areas in the onshore Llanos Basin and to the east and in the Magdalena Basin/s.

Numerous smaller to mid cap companies.

Bid round 2014.

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Peru has
resources Repsol
15.4 TCF /
Gran Tierra
663 MMBO
Karoon
N
Cepsa
Repsol
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PERUVIAN ACTIVITY

Major producing areas in the onshore Maranon Basin and to the south in the Ucalyi Basin.

Numerous smaller to mid cap companies. Bid round 2014/15.

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ANTILLES OIL & GAS JULY 2014

USE OF INVESTED FUNDS

AMOUNT ($)

YEARLY TOTALS ($) Basic data cost

ACTIVITY

Seismic spec data 1,300,000 Basic data cost Government seismic data 200,000 Working Capital 1,000,000 Seismic reprocessing 150,000 Interpretation 100,000 2,750,000 G&A Signature bonus 1,000,000 Bonus payable on award Seismic spec bonus on award 1,300,000 Total $5,050,000

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SUMMARY

– Key Value Drivers:

• Acreage acquisition in a developing major play

• – 3D seismic defines major targets

• Farm out event will deliver significant value

• Likely to attract a major operator

GOOD MANAGEMENT

• EXECUTE ON STRATEGY

• ACHIEVE GREAT RESULTS

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IMPORTANT

THIS PRESENTATION IS CONFIDENTIAL, IS BEING FURNISHED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED OR DISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PERSON. BY ACCEPTING THIS PRESENTATION YOU AGREE NOT TO DISCLOSE, DIRECTLY OR INDIRECTLY, OR PERMIT ANY OF YOUR AFFILIATES OR REPRESENTATIVES TO DISCLOSE ANY INFORMATION REGARDING THE RECEIPT OF THIS PRESENTATION OR ANY INFORMATION CONTAINED WITHIN WITHOUT THE PRIOR WRITTEN CONSENT OF ANTILLES OIL AND GAS NL ( COMPANY ).

THE CONTENTS OF THIS PRESENTATION HAVE NOT BEEN REVIEWED OR APPROVED BY ANY REGULATORY AUTHORITY. RECIPIENTS OF THIS PRESENTATION ARE ADVISED TO EXERCISE EXTREME CAUTION IN RELATION TO THE CONTENTS OF THIS PRESENTATION. RECIPIENTS ARE IN ANY DOUBT ABOUT ANY OF THE CONTENTS OF THIS PRESENTATION, THEY SHOULD OBTAIN INDEPENDENT PROFESSIONAL ADVICE.

THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR INVITATION TO SELL OR THE SOLICITATION OF AN OFFER OR INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES, AND NO PART OF IT WILL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY AGREEMENT, ARRANGEMENT, CONTRACT, COMMITMENT OR ANY INVESTMENT DECISION. THE INFORMATION IN THIS PRESENTATION IS NOT A PROSPECTUS. BY RECEIVING THIS PRESENTATION YOU ACKNOWLEDGE AND AGREE THAT YOU ARE A SOPHISTICATED OR PROFESSIONAL INVESTOR IN ACCORDANCE WITH SECTION 708(8) OR (10) (SOPHISTICATED INVESTORS) OR 708(11) (PROFESSIONAL INVESTORS) OF THE CORPORATIONS ACT 2001 (CTH).

NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, IS MADE AS TO THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF INFORMATION AND OPINIONS EXPRESSED IN THIS PRESENTATION, INCLUDING THE ACCURACY, LIKELIHOOD OF ACHIEVEMENT OR REASONABLENESS OF ANY FORECASTS, PROSPECTS, RETURNS OR STATEMENTS IN RELATION TO FUTURE MATTERS CONTAINED IN THE PRESENTATION ( FORWARD LOOKING STATEMENTS ). FORWARD LOOKING STATEMENTS ARE BY THEIR NATURE SUBJECT TO SIGNIFICANT UNCERTAINTIES AND CONTINGENCIES AND ARE BASED ON A NUMBER OF ESTIMATES AND ASSUMPTIONS THAT ARE SUBJECT TO CHANGE (AND IN MANY CASES ARE OUTSIDE THE CONTROL OF THE COMPANY AND ITS DIRECTORS) WHICH MAY CAUSE THE ACTUAL RESULTS OR PERFORMANCE OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS OR PERFORMANCE EXPRESSED OR IMPLIED BY THESE FORWARD LOOKING STATEMENTS.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NONE OF THE COMPANY, ANY ADVISERS OR ANY OF THEIR RELATED ENTITIES, AFFILIATES, DIRECTORS, EMPLOYEES OR AGENTS, NOR ANY OTHER PERSON, ACCEPTS ANY RESPONSIBILITY OR LIABILITY, INCLUDING, WITHOUT LIMITATION, ANY LIABILITY ARISING FROM FAULT OR NEGLIGENCE ON THE PART OF ANY PERSON, FOR ANY DIRECT OR INDIRECT LOSS ARISING FROM THE USE OF THIS DOCUMENT OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION WITH IT.