ASX & Media Release Artemis-1 Progress Report No. 8 Key Points: Plugging and abandonment operations continue De-manned rig for Tropical Low on Tuesday 14th, re-manned on Friday 17th Rig expected to be released over the weekend MELBOURNE, AUSTRALIA (22nd December, 2010) MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that since the last progress report, final logs were acquired and abandonment operations commenced. The proximity of a Tropical Low, with the potential to develop into a cyclone, necessitated the de-manning of all personnel from the rig starting on Tuesday 14th December. Re-manning of the rig commenced on Friday 17th December and abandonment operations were re-started on Sunday 19th December. Abandonment operations are continuing and the rig is expected to be released over the coming weekend. WA-360-P Participants Equity Petrobras International Braspetro PIB BV (a wholly owned subsidiary of Petrobras) 50% North West Shelf Exploration Pty Ltd (wholly owned MEO subsidiary) 25%* Cue Energy Resources Limited (ASX: CUE) 15% Rankin Trend Pty Ltd a wholly owned subsidiary of Moby Oil & Gas (ASX: MOG) 10% *MEO Australia Limited is Operator for the Joint Venture Jrgen Hendrich Managing Director & Chief Executive Officer
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