what is this really worth, page-20

It's in of the st alinea's

"The Tassie Shoal projects have the potential to markedly increase
Australia's export income," said Jürgen Hendrich.

Hand-in-hand with MPF is Tassie Shoal's environmental credentials.
MEO has already secured the necessary environmental approvals to
install and operate two 1.75 Mtpa methanol plants and one 3.0 Mtpa
LNG plant at Tassie Shoal.

"As well as the potential to utilise gas from other companies, we are
progressing with plans to develop our own gas resources in the NT/P68
permit which is immediately adjacent to Tassie Shoal. Drilling the
Blackwood-1 and Heron-2 wells in this permit both led to gas
discoveries in 2008," said Jürgen Hendrich.

"MEO is currently in the process of farming out a portion of our
90-100% interest in NT/P68 to fund the drilling of additional wells
in the permit in 2010."

"All this points to an exciting future for the development of Tassie
Shoal."

Jürgen Hendrich
Managing Director & Chief Executive Officer
MEO Australia Limited"


Stay Tuned