Corporate summary Portfolio of Australian & SE Asian conventional oil and gas projects General ASX / OTCQX codes MEO / MEOAY Australian / SE Asian portfolio Australian HQ, Melbourne Share Price (ASX: MEO) (11th Sep) A 0.070 8…
Contingent & Prospective Resources Building a material resource base to underpin future development 110 MMboe contingent resources Net to MEO 1,800 240 MMboe risked prospective resources 1,667 1,600 AC/P51 Multiple projects 1,400…
Board, executives & key technical personnel Depth of large corporation experience and proven performance Board of Directors Executive Team Senior Technical Team Nicholas Heath (Chairman) Colin Naylor (Chief Financial Officer) Errol…
Strategy: create optionality, recover capital early Recent and near term events WA-488-P WA-454-P NT/P68 AC/P51 WA-360-P (Blackwood) Seruway G2/48 WA-488-P WA-454-P Farm- Partial Partial Cash Out Sale Sale Flow Identify & Secure…
NT/P68: Blackwood & Heron gas discoveries MEOs 50% interest in Blackwood-2 is fully carried, including testing Blackwood gas discovery Blackwood-1 (2008) encountered 42m gas column Indonesia Blackwood-2 appraisal in Q42013 Australia…
NT/P68: Blackwood Gas Discovery Appraising 500 Bscf 2C contingent resource Q4-2013 Blackwood-1 Blackwood-2 W (2008) (agreed location) E Contingent (Discovery) Prospective Deep Prospective East Blackwood East Prospect Blackwood…
WA-454-P: Discovery + prospects + leads Gas discovery and exploration targets in shallow water, close to NT gas market 2011: Awarded 100% in gazettal round 2012: Identified leads, acquired 3D seismic 2013: Farmed out 50% to Origin for…
WA-454-P: Farm-out to Origin Energy A16.1 million transaction based implied value for MEO 50% interest Origin Energy acquiring 50% interest & operatorship Consideration Reimbursing A5.6m (80% of historical costs) Funding 80% of…
WA-454-P: Breakwater East and West Prospects Large, 4-way dip closure, potential for gas and oil, same reservoirs as Marina Large prospect with potential for gas and oil A B East and West compartments Defined on high quality 3D…
WA-454-P: Marina gas and probable oil discovery Modest gas, overlooked oil and deeper prospects yet to be tested A Marina-1 B Marina-1 drilled in 2007 by ExxonMobil. Hydrocarbons in 5 zones, gas shows at TD. MEO identified overlooked…
WA-454-P Promenade Lead Multi-Tcf gas potential supported by Direct Hydrocarbon Indicator (DHI) Basin margin stratigraphic trap Amplitude supported on good quality 2D Promenade Top Kurriyippi sand sub-cropping below massive Prospect…
WA-488-P: Featuring giant Beehive prospect Follow up identified to 2011 Ungani-1 discovery MEO recognised 2011 Ungani-1 oil discovery in Canning basin as potential game changer for Palaeozoic Carbonates in Australia Identified giant…
WA-488-P: Beehive Prospect twin objectives Two stacked objectives each with significant potential A B Located in shallow water (40m) Identified on high quality, tightly spaced 2D Carboniferous Carbonate seismic grid Lower…
Tassie Shoal gas processing infrastructure A path to market for regional stranded gas Indonesia 9 Australia 9 potential gas sources: 4 3 Methanol (high CO2) 2 Joint Petroleum 1 Development Area (MEO 50%) 1 Caldita NT/P61 6 5 2…
Tassie Shoal gas processing infrastructure Commercial framework progressed to support commercialisation Federal & State Government Environmental approvals in place and Major Project Facilitation status Methanol 2 x 1.75MTA plants,…
Ashmore Cartier: Oil and liquids rich gas area Multiple prospects and leads identified on new seismic PENGANA JABIRU Located within the Vulcan sub-basin CASH proven commercial gas and oil MAPLE DELAMERE province CHALLIS 2010: MEO…
AC/P51: Ramble On prospect Oil prospect with significant follow up potential Montara-1 Leeuwin-1 Large, robust structure Tertiary Sediments Targeting proven Plover & Montara reservoirs Late Jurassic/Cretaceous Ramble On Accessing…
South East Asian Projects Targeting proven basins or analogues to proven basins Bangkok MEO regional office in G2/48 Jakarta Operator of 2 Indonesian PSCs Manora (Mubadala) Non-operator of Gulf of Oil development underway - 15 KBD…
Gulf of Thailand: G2/48 (MEO 50%) Targeting oil in a low cost environment Bangkok Located in Northern Gulf of Thailand Shallow water, low cost exploration / THAILAND development environment Covers Rayong Basin, one of many Tertiary…
G2/48: Multiple leads prospective for oil 2012 drilling upgraded thickness of prospective section Sainampeung-1 (2012) did not reach target depth Krissana Deep but indicates a thicker and more extensive Legend prospective section…
Seruway PSC: Proven hydrocarbons 200+ MMstb Juaro oil prospect 701 km2 Ibu Horst Numerous oil and gas recoveries on PSC 3D Seismic Survey Seeking to farmout or partially divest Juaro Seruway PSC (MEO 100%) Identified on Ibu Horst 3D…
Seruway PSC: 200+ MMstb oil prospect 1969 discovery flowed gas and recovered oil 3D seismic shows flank trap ONS B-1 (1969) 12.5 MMcfd gas Follow-up to 1969 ONS-B1 oil and gas discovery 37o API oil. Defined on 3D seismic with amplitude…
Indicative activity outlook 4Q-2013 drilling & substantial farmout activity 2H 2013 2014 2015 2H 2016 MEO Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Activity Equity Remarks J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M…
Summary Creating value by finding overlooked hydrocarbons Cash reserves 30 June 2013: 16.6m, Market Cap 45m 110 MMboe 2C contingent resources 1,667 MMboe (best estimate) un-risked Prospective Resources Enterprise value (30m) easily…
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