2 conventional sandstone gas discoveries in 2008
• Sufficient gas resource to underpin first methanol plant
• Further appraisal drilling planned for late 2008
• Seeking farm-in partner to fund further appraisal drilling and GTL project FEED
• Casting basin site selection process underway (GBS
construction)
• Production possible late 2012 Currently confirming gas resources to supply GTL Projects
– Gas discoveries in NT/P68
– Advancing highly prospective NW Shelf permits
– Active drilling program over coming 12 months funded by new farm-in partners
• Continue to refine & develop globally competitive LNG and methanol projects
• MEO remains on-track to becoming a substantial integrated upstream & GTL company
Angers
investor presentation out, page-2
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