Corporate summary Australia & SE Asia focus General Australian / SE Asian portfolio Australian HQ, Melbourne 8 Australian permits, 6 operated Indonesian regional office, Jakarta 2 Indonesian PSCs both operated 1 Gulf of Thailand…
Contingent & Prospective Resources Building a material resource base to underpin future development MEO Net Resources 1,800 Diverse portfolio 1,667 Multiple projects 1,600 AC/P51 Geographically diverse 1,400 WA-488-P Prospective…
MEO Strategy Create options with multiple opportunities to added crystallise value Aiming for early capital Monetisation Opportunities recovery Farm- Partial Partial Cash Out Sale Sale Flow Identify & Secure Enhance Test Appraise…
MEO Strategy in Action 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 Enhance Test Appraise Develop…
Northern Australia Permits & Projects Adjacent to developed oil and discovered gas resources ABADI GREATER SUNRISE BAROSSA EVANS SHOAL Joint BLACKWOOD CALDITA Petroleum NT/P68 (MEO 50%) Prelude (Shell) Abadi (INPEX) ,…
NT/P68: Eni commits to drill Blackwood-2 MEO 50% interest is fully carried, including production testing if warranted Blackwood gas discovery Blackwood-1 (2008) encountered 42m gas column Blackwood-2 appraisal in Q42013 Indonesia…
Blackwood Gas Discovery Appraising 500 Bcf contingent resource (2C) in Q4 2013 Blackwood-1 Blackwood-2 w Contingent (2008) (agreed location) E Prospective Deep Prospective East Blackwood East Prospect Blackwood Discovery 3,190m…
WA-454-P (MEO 50%) Gas discovery and exploration targets in shallow water, close to NT gas market 2011: Identified by MEO and awarded 100% 2012: Identified leads, acquired 3D seismic 2013: Farmed out 50% to Origin for 5.6m cash…
WA-454-P Farm-out Implied A16.1 million value of MEO 50% interest 50% interest farmed-out to Origin Energy Origin Energy to assume operatorship of WA-454-P Origin reimbursing A5.6m (80% of historical costs) Origin to fund 80% of…
WA-454-P: Breakwater Prospect Identified and matured substantial gas prospect - Breakwater Large prospect with potential for gas and oil A B Defined on high quality 3D seismic data Multiple objectives from 1,800m to 3,200m Breakwater…
WA-454-P Marina gas and probable oil discovery Potential overlooked resource with additional potential Lower Permian Sands GR RES D/N DT PHI SW K GAS Marina-1 drilled in 2007 by ExxonMobil. ZONE 1 Hydrocarbons in 5 zones, gas shows at…
WA-488-P (MEO 100%) Identified giant Beehive prospect follow up to 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 Two stacked objectives each with significant potential Located in shallow water (40m) Identified on high quality, tightly spaced 2D seismic grid Primary Objective 140 km2 Carboniferous Isolated Carbonate…
Ashmore Cartier (MEO 100%) 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 acquired 100% for…
AC/P51: Ramble On prospect Oil prospect with significant follow up potential Seismic Cross-section Large, robust structure Leewin-1 Targeting proven Plover & Montara reservoirs Accessing proven source area Ramble On First test of…
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 Thailand concession Oil development…
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: Exploration Potential Focus on Oil Potential of Rayong Tertiary Graben Sainampeung-1 (2012) did not reach target depth Krissana Deep but indicates a thicker and more extensive Legend prospective section than previously thought…
Seruway PSC (MEO 100%): Juaro Prospect 200+ MMstb oil prospect 701 km2 Ibu Horst Proven basin, numerous oil and gas recoveries on 3D Seismic Survey PSC Juaro prospect identified on Ibu Horst 3D seismic Seruway PSC Follow-up to 1969 ONS…
MEO potential near term value drivers 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 J Own Drilling Target Blackwood-2…
MEO Summary Seeking to build shareholder 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…
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