artemis comments from meo annual report

Here's some WA360P stuff - each paragraph from a different bit of the doc.


At present we are in the process of assessing farm-in
partners to assist us with the drilling of Artemis-1 and potential follow-up wells in WA-360-P.

At the time of writing, MEO was in negotiations with prospective farminees seeking to Joint Venture with
us to drill this exciting prospect.

At the time of writing, MEO was in advanced negotiations with prospective farminees and was seeking to close a
transaction during October.

On the North West Shelf, MEO has identified tremendous potential in WA-360-P, the subject of a farm-out transaction at the time of writing. The Company is confident of attracting a high calibre partner to fund the drilling of the ~12 Tcf Artemis prospect, on trend
with the Pluto (under development)and Wheatstone (entering FEED) gas discoveries.

MEO launched a formal farmout process in late April 2009 for a portion of its 70% interest in WA-360-P to enable the
company to exercise its option to make a commitment by 31st December 2009 to fund the drilling of the Permit Year 5
commitment well. This 12 month period commences 1st February 2010.