PowerPoint Presentation
Annual General Meeting: Managing Director's Presentation
November 2015
Corporate Overview
2
Company Overview
MEO Australia Limited (ASX: MEO)
|
Share Price (as at 23 November 2015)
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$0.016
|
Shares On Issue
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750.5m
|
Options On Issue (exercise price $0.50)
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4.2m
|
Market Capitalisation
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$12m
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Net Cash Position (30/9/15)
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$5.2m
|
2.5
Share Price (cents)
2
Historical Share Price (12 months)
Millions
15
Volume
Closing Share Price (cents) 13
11
1.5 9
7
1 5
3
0.5
1
0 -1
-
High impact portfolio of projects offshore Australia, onshore NZ & Cuba with strong cash position and low enterprise value - significant leverage to upside potential
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Revamped strategy under new MD and Board
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Material near term news flow from NZ, Australia & Cuba
PEP 51153
Action Taken in past 12 months
Reshaped and refocused MEO Australia
Key actions
High grade exploration portfolio as part of financial discipline
Varied permit commitments to provide greater flexibility
Secured Block 9 PSC, onshore Cuba
Reduced overheads by 60% compared to 2014 Financial Year
Successful defense against Mosman Takeover Offer
Smooth transition to new Managing Director and Board