announcement

MELBOURNE, AUSTRALIA (12
th
April, 2012)
MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that it has completed preliminary
discussions with a number of major industry participants in relation to the commercialisation of the
Tassie Shoal Projects.
As a consequence, formal Expressions of Interest (“EoI”) have been received from potential buyers
for the purchase of an aggregate of 8.3MTA of methanol from the first Tassie Shoal Methanol Plant
(“TSMP1”) which is designed to have a nameplate capacity of 1.75 MTA.
If matured, the current indicated demand will enable 100% of the output of TSMP1 to be pre-sold.
The discussions with major industry participants and the ensuing EoIs represent the first steps in
MEO’s renewed strategy to commercialise the Tassie Shoal Projects. The process reflects an
intention to fully develop a commercial foundation to support MEO’s proposed development
solution for all undeveloped, high CO2 gas resources through the Tassie Shoal location.
MEO will continue to mature the commercial framework for the Tassie Shoal Projects by exploring
the potential synergies between the pre-sale of methanol, midstream and upstream participation in
the Tassie Shoal Projects.