2 conventional sandstone gas discoveries in 2008 • Sufficient gas resource to underpin first methanol plant • Further appraisal drilling planned for late 2008 • Seeking farm-in partner to fund further appraisal drilling and GTL project FEED • Casting basin site selection process underway (GBS construction) • Production possible late 2012 Currently confirming gas resources to supply GTL Projects – Gas discoveries in NT/P68 – Advancing highly prospective NW Shelf permits – Active drilling program over coming 12 months funded by new farm-in partners • Continue to refine & develop globally competitive LNG and methanol projects • MEO remains on-track to becoming a substantial integrated upstream & GTL company
Angers
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
