agm, page-31

Key Points:

Tassie Shoal Methanol Plant (TSMP) technology, capital and operating cost estimates have been updated by major international engineering firms.

Key cost advantage drivers are the Tassie Shoal shallow water site, single module construction in a low cost South East Asian environment and proximity to feedstock gas.

MEO is currently assessing pricing and commercial terms to short list potential long term methanol buyers