Farm-in Opportunities with MEO Australia


MEO Australia is offering up to 50% equity in the WA-360-P permit located in the prolific and highly prospective North West Shelf area of Western Australia - immediately adjacent Wheatstone proposed development operated by Chevron and close to the Pluto development operated by Woodside. The Artemis prospect is seen as an extension of the Greater Wheatstone structure in high quality sands beneath the regional seal. Preliminary estimates of potential gas-in-place within the Artemis prospect are 11.5 Tcf of which 9.5 Tcf are in the permit

Several existing and planned infrastructure options are available for commercialisation of discovered gas. All commitments to date have been met, and a well is planned for 2010. Partners joining MEO at this stage will be involved in the continued evaluation of the permit - including integration of the 2009 3D data, and selection of the 2010 drill candidate.