one big announcement guaranteed next week..., page-2

adl,

comments about eni are likely on the money, but rather than alienate our new bff's forever, we should remember that there is no snow job here. MEO are holding some quality assets.

Not sure if anyone here has read this yet, but well worth a read.

http://www.meoaustralia.com.au/content/Document/WA454P_Farmout_Brochure_25Oct2012.pdf

MEO's own 3D seismic (just acquired this year) confirms MEO's geological interpretation of Marine, Breakwater and two leads, confirms volumes of Marina.

Marina may not be the hugest gas field, but at 100% of 100Bcf and 6.5mmbo liquids, is material, particularly this is a discovered third party certified contingent resource. MEO point out drilling of Marina ended whilst the bit was still encountering gas shows in the mud logs, with deeper potential providing upside.

Breakwater is a potential company maker with potentially huge amounts of liquids and close to shore, so MEO should be able to land a fairly nice deal here, fairly quickly.

Not sure if anyone remembers good old (the late) John D at ROC? He would talk about a production line of prospects/projects (not dissimilar to BHP slides). Well, MEO has in a short timeframe (and cheaply) developed a pipeline of quality projects, to follow NT/P68 (several upcoming drills likely), Seruway (several wells including Ibu Horst), while Thailand is drilled and then Vulcan farmed out.

And in two years, we were only diluted 10%. Big deal.