gas chimney, page-3

MELBOURNE, AUSTRALIA (24th November, 2010)

MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that since the last progress report, the Songa Venus semi-submersible drilling rig completed its journey and arrived at the Artemis-1 location at 03:10 hours (Perth time) on Tuesday 23rd November.

All anchors have been run and the rig has been ballasted down to drilling draft. Preparations to commence drilling operations are continuing and Artemis-1 is expected to spud this evening.

The next weekly progress report is planned for release on 1st December.

For anybody who still can't get their brain around this release the primary schools are still in, and if you hang around one after about 3pm you should be able to find someone to explain it for you.