ASX & Media ReleaseWA-360-P Farm-in Progress ReportKey Points:•...

ASX & Media Release
WA-360-P Farm-in Progress Report
Key Points:
• Final due diligence meetings scheduled for week commencing 26th October
• Transaction expected to close by MEO’s AGM on 18th November
MELBOURNE, AUSTRALIA (October 20th, 2009) MEO Australia Limited (ASX: MEO) provides the
following in relation to its WA-360-P Exploration Permit.
Material progress has been made since the update in our quarterly activities report released on 13th October.
MEO has selected its preferred farminee and negotiations are at a very advanced stage. The final stages of
what has been a thorough due diligence process are scheduled for the week of October 26th. Meetings to
secure the requisite approvals to execute binding agreements have now been scheduled. The parties
anticipate being in a position to execute binding agreements ahead of MEO’s AGM to be held on 18th
November.
A condition of the farm-in negotiations requires the identity of the preferred farminee together with the terms
of the farm-in agreement to remain confidential until these final approvals have been obtained.
MEO thanks shareholders for their patience and understanding during this very important period.
Jürgen Hendrich
Managing Director & Chief Executive Officer
20th October 2009
WA-360-P participants Equity
North West Shelf Exploration Pty Ltd (MEO subsidiary, Operator) 70%
Cue Energy Resources Limited (ASX: CUE) 15%
Moby Oil & Gas (ASX: MOG)1 15%