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Ann: Beehive Prospect Supported by New Studies-MEO.AX, page-2

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1,427 Posts.

02/06/16

09:38

Post #: 17930457

Column 1

0 Key Points:
• Substantial enhancement to data quality from completed seismic reprocessing and inversion study over Beehive prospect (WA-488-P, MEO 100%)
• Reprocessing and inversion studies support that Beehive is one of the largest undrilled hydrocarbon prospects in Australia – with multi-billion barrel potential
• New data very encouraging, providing strong support to key elements of Beehive prospect
• Renewed farmout effort anticipated in second half of 2016

	Column 1
0	Key Points: • Substantial enhancement to data quality from completed seismic reprocessing and inversion study over Beehive prospect (WA-488-P, MEO 100%) • Reprocessing and inversion studies support that Beehive is one of the largest undrilled hydrocarbon prospects in Australia – with multi-billion barrel potential • New data very encouraging, providing strong support to key elements of Beehive prospect • Renewed farmout effort anticipated in second half of 2016