Company Overview Historical Share Price (12 months) MEO Australia Limited (ASX: MEO) 3 15 Millions Volume Share Price (cents) Share Price (as at 19 October 2015) 0.016 2.5 Closing Share Price (cents) 13 11 Shares On…
Board & Management New leadership under MD Peter Stickland and new Board Board of Directors Peter Stickland Andrew Purcell Michael Sandy Greg Short Stephen Hopley Managing Director Non-Executive Non-Executive Non-Executive…
Investment Highlights Diverse, high impact portfolio Cuba (MEO 100%)* Early mover advantage in Cuba - Secured Block 9 covering 2,380km2 onshore Cuba boasts exceptional oil and gas prospectivity Limited use of modern day exploration…
Investment Highlights Diverse, high impact portfolio Australia Darwin Beehive Prospect (MEO 100%) PETREL One of Australias largest offshore oil prospects FRIGATE TERN Multi billion barrel potential Beehive Key Offshore…
Cuba 7
Why Cuba MEO has early mover advantage into this significantly under explored region Cuba has excellent oil & gas prospectivity North Cuba Basin - Significant undiscovered potential - Currently producing 80,000 boe per day - Varadero…
Cuba Block 9: Positioning and Prospectivity Oil rich area with very significant potential Positioning Awarded Block 9 PSC (MEO 100%*) in September 2015 Onshore, 2,380 km2, close to infrastructure Block 9 lightly explored but contains…
Cuba Block 9: MEO Strategy and Value Drivers Flexible work commitment allows MEO to pursue multiple oil objectives MEO Strategy Low initial work commitment - Initial 18 month period requires only studies & reprocessing MEO…
New Zealand 11
New Zealand: Onshore Production & Exploration PEP51153 (MEO 30%) Puka Puka oil accumulation PEP 51153 Waihapa - Shallow oil accumulations produced from 2 wells. Shannon - Discovered in 2013 Prospect - Produced at 110-115…
New Zealand: Shannon Prospect strong candidate for drilling in 2016 PEP51153 (MEO 30%) Shannon Prospect - Analogous to nearby Waihapa oil field (23+ MMstb produced) with highly productive wells - Moderate objective depth (2,700m),…
Australian Portfolio 14
Northern Australia Acreage Discrete upstream projects adjacent to proven hydrocarbons ABADI GREATER SUNRISE BAROSSA EVANS SHOAL Joint Petroleum BLACKWOOD CALDITA Development HERON Area BAYU-UNDAN Tassie Shoal Projects TSMP…
WA-488-P (MEO 100%): Beehive Prospect Giant Beehive dual objective oil prospect Darwin Significant, multi billion barrel oil prospect Recognised by many as the largest undrilled oil prospect offshore PETREL Australia FRIGATE…
WA-454-P (MEO 50%): Breakwater Prospect MEO partly carried. Aiming to farm down to cover well cost Farmed out 50% to Origin in 2013 for: Gulf of Mexico style Salt Darwin dome Plays - 5.6m cash PLUS PETREL - 80% of Breakwater-1…
Tassie Shoal Projects (MEO 100%) Shallow water site, innovative low cost development paths for regional stranded gas Region has substantial undeveloped high CO2 gas that needs a low cost development solution Methanol manufacturing uses…
Summary 19
MEO Activity Pipeline Actively managing program to optimise value 2015 2016 2017 Permit Activity Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 New Zealand (PEP 51153) Evaluate restart of Puka oil production Potential Puka oil production Prospect…
Summary Revitalised business and refocused strategy targeting projects with appropriate risk-reward profile Diverse, high impact exploration asset portfolio with material near-term value drivers Unique Cuban leverage with early…
Appendices 23
Appendix MEO Group Assets Country Asset MEO % 2016 Work Program Value Driver Cuba Onshore Block 9 PSC 100%* 200km 2D reprocessing Quality, low-cost technical work to add value Studies ahead of potential farm-out and drilling New Onshore…
PEP51153: Puka Field (MEO 30%) Shallow oil discovery, demonstrated by extended production test Puka A Pad Douglas Pad S N Puka 1 Puka 2 Puka 3 Douglas 1 Puka-3 OWC Douglas-1 OWC Approx. 1km Defined by 3 wells and 3D…
WA-488-P (MEO 100%): Beehive Prospect Giant Beehive dual objective oil prospect Significant, multi billion barrel oil prospect 0 15 B kilometers Recognised by many as the largest undrilled oil prospect offshore Australia Shallow…
WA-454-P (MEO 50%): Breakwater Prospect Moderate risk prospect with potential for gas and oil A B Large prospect with potential for gas and oil Defined on high quality 3D seismic data Multiple objectives between 1,800m - 3,200m Oil…
WA-454-P (MEO 50%): Marina Discovery & Deep Potential Potential for oil leg(s) to modest gas discovery, deeper, untested potential Marina-1 drilled in 2007 B A Marina-1 Hydrocarbons in 5 zones, gas shows at TD MEO identified…
AC/P50 & AC/P51 (MEO 100%): Ramble On Prospect Multiple oil targets in proven petroleum system Suitable for lower cost jack-up drilling rig Ramble On and Jurmaker oil prospects identified in proven petroleum system defined on modern…
Tassie Shoal Projects (MEO 100%) Back Up Commercial framework progressing to support commercialisation Methanol: 2 x 1.75MTA plants (TSMP1 & TMSP2) - Methanol production facilities built on Concrete Gravity Structure base, constructed…
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