MEO 0.00% 0.0¢ meo australia limited

from quarterly.The new 3D data has:- Validated the seismic...

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    from quarterly.

    The new 3D data has:
    - Validated the seismic velocities that were previously modelled from vintage 2D data. These velocities confirm the Artemis prospect is a structural high.
    - Extended the northern boundary of the prospect and increased the size of the Artemis structure .
    - Confirmed the northerly extension of seismic amplitudes exhibiting down-dip terminations in the prospect. This response is consistent with a possible gas-water-contact.
    The combination of these factors coupled with an increased confidence in the expected reservoir quality and thickness at Artemis will likely lead to an increase in assessed gas-in-place significantly above the current estimate of 11.5 Tcf (total prospect) and 9.5 Tcf (within WA-360-P).
 
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