wa-360 farm out progress report ..., page-7

Key Points:
• Timeframe for submission of indicative offers has now closed
• Process to complete binding transaction by 30th September remains on track
MELBOURNE, AUSTRALIA (September 1st, 2009) - MEO advises that the period in
which to submit indicative offers to farm-in to the Company’s WA-360-P permit has now
closed. Indicative offers are being evaluated ahead of entering into further negotiations aimed
at reaching a binding agreement. The Company remains on track to complete a farm-in
transaction by 30th September as previously advised.