MEO Project Overview

 

Tassie Shoal Methanol Project (TSMP) and the Timor Sea LNG Project (TSLNG)

Commonwealth Government Environmental approvals have been granted until 2052 under the Environment Protection and Biodiversity Conservation (EPBC) Act 1999, for the Company’s proposed Tassie Shoal Methanol Project (TSMP) and the Timor Sea LNG Project (TSLNG). These projects convert natural gas into readily transportable and marketable commodities, ie chemical grade methanol and liquefied natural gas (LNG).

The Company is focused on establishing commercial gas resources for each project from its exploration permit, NT/P68, while canvassing the potential for sourcing third party gas supplies from other regional gas accumulations in the Bonaparte Basin to complement its own resources. MEO also has an active exploration program underway in its highly prospective Northwest Shelf permits.

  • Tassie Shoal Methanol Project Overview
  • Tassie Shoal Proposed Facilities Movie
  • Environmental Approval: The Tassie Shoal Methanol Project received approval from the Australian Government under the Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act) in December 2002. (EPBC 2000/108).
  • Timor Sea LNG Overview
  • Environmental Approval: The Timor Sea LNG Project received approval from the Australian Government under the Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act) in May 2004. (EPBC 2003/1067).   

 

Carnarvon Basin Exploration

Since October 2007, the Company has secured a 60% participating interest in Northwest Shelf exploration permits WA-360-P and WA-361-P.

Since this time MEO has acquired 2D and 3D seismic, re-processed 3D seismic, confirmed the Zeus prospect in WA-361-P and developed an inventory of prospects and leads in these permits. MEO has committed to drilling the Zeus-1 well in WA-361-P and secured Resource Development International Limited (RDI) as a farm-in partner, thereby cementing its interest in that permit.

MEO is currently seeking farm-in partners with the intention of drilling at least one well in the WA-360-P permit during 2010.


 Exploration Permits