2013 Annual General Meeting Technical Supplement 31st October 2013
Building a superior exploration portfolio To create value for MEO shareholders What does a superior 1. Strategy & exploration portfolio delivers Discipline to MEO shareholders 1. Exposure to drilling 2. Skills & opportunities…
Strategy: create optionality, recover capital early Leveraging MEOs strengths to build a sustainable business Quality 1-3 wells/yr Look wide / Blocks filter hard 1-3 blocks/yr Farm- Partial Partial Cash Out Sale Sale Flow Identify &…
Board, executives & key technical personnel Depth of large corporation experience and proven performance Board of Directors Executive Team Senior Technical Team Nicholas Heath (Chairman retires Colin Naylor (Chief Financial Officer)…
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 Located in Northern Gulf of Thailand Bangkok Shallow water, low cost exploration / THAILAND development environment Covers Rayong Basin, one of many…
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 TERIPANG Juaro Seruway PSC (MEO 100%) Identified…
Seruway PSC: Juaro 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…
Ashmore Cartier: Oil and liquids rich gas area Multiple prospects and leads identified on new seismic TENACIOUS PENGANA JABIRU Located within the Vulcan sub-basin CASH HALCYON proven commercial gas and oil MAPLE DELAMERE…
AC/P51: Ramble On prospect Oil prospect with significant follow up potential Large, robust structure Montara-1 Leeuwin-1 Targeting proven Plover & Montara Tertiary Sediments reservoirs Late Jurassic/Cretaceous Accessing…
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: 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-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 B Located in shallow water (40m) A Identified on high quality, tightly spaced 2D Carboniferous Carbonate seismic grid Lower…
WA-488-P: Beehive analog with North Caspian Insights from giant Tengiz Oil Field Beehive Prospect Tengiz Field, 6+ billion barrels Carboniferous Carboniferous Carbonate Carbonate Similarities between Beehive Prospect and…
Contingent & Prospective Resources Building a material resource base to underpin future development 110 MMboe contingent resources 1,800 Net to MEO 240 MMboe risked prospective resources 1,667 1,600 AC/P51 Multiple projects…
Conclusion Building a Superior Exploration Portfolio Goal: Build a portfolio that offers MEO shareholders exposure to high impact, low cost, high leverage exploration / appraisal drilling opportunities Foundations in Place Strategy,…
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