19th Annual General Meeting Uncovering hidden potential October 31st 2013 1 MEO Australia Limited
2012-13 business summary Consolidation, high-grading, maturing, harvesting People Consolidated core team New Chairman post AGM New Exploration Manager Appointed Malaysian Representative 2012 drilling results Test Disappointing…
2012 drilling results Production tested 3 zones in 2 wells, no commercial flow rates obtained Gurame SE-1XST (100%, paid 100%) Intersected gas in two objectives Production tested upper zone - did not achieve gas flow to surface Heron…
People our core assets Consolidated board & core team, seamless succession Nick Heath Greg Short Retires from board after AGM Chairman elect 31st October 2013 Post-AGM Board member since May 2008 st 31 October 2013 Chairman…
Evolved exploration portfolio Continued to high-grade and mature portfolio for harvesting Gulf of Thailand G2/48 Drilled Anchan-1 (no cost) Prior year commitment well Drilled Sainampueng-1 (50%) Seruway PSC Increased permit…
Booked Contingent & Prospective resources Material resource base to underpin future development 1,800 Resources net to MEO Result of 2012 seismic investment 1,667 Contingent resources in 3 projects 1,600 AC/P51 Growing prospect/lead…
NT/P68: JV with Eni Australia Heron South tested, Blackwood-2 appraisal in progress 1st Heron well (MEO est.) US 75m Blackwood 3D Seismic (est.) US 10m Blackwood well (MEO est.) US 45m Committed funding US 130m 2nd Heron well…
NT/P68: Blackwood-2 gas appraisal Addressing gas-water-contact uncertainty, resource size & quality Blackwood-1 Blackwood-2 W (2008) (agreed location) E Contingent (Discovery) Prospective Deep Prospective East Blackwood East…
WA-454-P: JV with Origin Energy 80% funding for Breakwater-1 (2015/16) PLUS 5.6m cash for past costs Origin Energy acquired 50% interest Currently transitioning to Operator Consideration A5.6m cash (80% of historical costs) Payable…
Awarded WA-488-P (100%) in gazettal round Featuring giant Beehive prospect Identified giant Beehive prospect Upper zone is Analogous to Tengiz field Prospective Resources (100%, unrisked)* Beehive Prospect Low Best Mean High…
Seruway PSC: Juaro prospect 1969 discovery flowed gas and recovered oil 3D seismic shows flank trap ONS B-1 (1969) 12.5 MMcfd gas 701 km2 3D TERIPANG 1969 ONS-B1 oil/gas discovery 37o API oil. 3D seismic amplitude support for ARUN…
AC/P51: Ramble On prospect Identified oil prospect with significant follow up potential Large, robust structure Montara-1 Leeuwin-1 Targeting proven Plover & Montara Tertiary Sediments reservoirs Late Jurassic/Cretaceous…
G2/48: Multiple leads prospective for oil 2012 drilling upgraded thickness of prospective section Sainampueng-1 (2012) did not reach target depth Krissana Deep but indicates a thicker and more extensive Legend prospective section than…
2014-15 drilling requires successful transactions Seeking to recover costs and attract funding for future drilling Gulf of Thailand (G2/48 concession, 50%) Bangkok Multiple tertiary leads (oil) Ibu Alpha JV joint farmout in progress…
Tassie Shoal gas processing infrastructure Progressed Commercial framework to support commercialisation Methanol (TSMP1 & TMSP2) LOIs with three major multinational methanol buyers Non-exclusive relationship with major Asian company to…
2013-14 look ahead Transactional success will determine drilling activity in 2014 & beyond 2013 2014 MEO Q3 Q4 Q1 Q2 Q3 Q4 Activity Equity Remarks Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MEO firm wells…
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