Ann: Multi Billion Barrel Potential Identified in Cuban Acreage-MEO.AX, page-2

Can MEO rise from the dead?

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Key Points: • 8.183 billion barrels of Oil-in-Place with Prospective Resources of 395 million barrels just in the "Lower Sheet Play" (unrisked Best Estimate, 100% basis).* • Conventional "Lower Sheet Play" with 15 individual leads is one of three identified oil plays in Block 9. • Block 9 is a low cost onshore PSC with a number of prior oil discoveries reducing exploration risk. • Accelerated drilling program to explore further strong potential of "Lower Sheet Play" now under investigation. • Assessment of the other two oil play types is ongoing and is expected to add significantly to the potential Oil-in-Place and Resource base of Block 9.