MEO meo australia limited

announcement key points

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    Key Points:
    • Updated assessment of Seruway PSC resources for Ibu Horst & Kuala Langsa
    • Ibu Horst area contains two main prospective areas: Juaro Complex & Ibu Alpha Prospect
    • Main feature in the Juaro complex is assessed at containing 230 million barrels mean
    recoverable prospective resource, with additional 63 million barrels mean recoverable
    prospective resource in a series of subordinate features
    • Ibu Alpha oil prospect assessed as containing approximately mean recoverable prospective
    oil resource of 24 million barrels
    • Kuala Langsa discovery assessed to contain a mean contingent resource of 1.5 Tcf of
    recoverable raw gas of uncertain CO2 composition (50%-80%) within the Seruway PS
 
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