Company Overview Historical Share Price (12 months) MEO Australia Limited (ASX: MEO) 2.5 Volume 15 Millions Closing Share Price (cents) 13 Share Price (cents) Share Price (as at 12 November 2015) 0.017 2 11 1.5 9…
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 - Currently producing 80,000 boe per day North Cuba Basin - Significant undiscovered potential - 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: Targeting Shannon Prospect 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), drillable…
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 TSMP2…
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…
Breakwater Prospect - Impact of North East Gas Interconnector Proposed gas pipeline potentially offers Breakwater access to East coast gas & LNG markets Breakwater NT Govt seeking private sector proposals to develop a Prospect…
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 20
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 Quality Shannon prospect in NZ,…
Appendices 24
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…
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