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Investor Update - US Roadshow
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th July, 2012
ASX & OTC listed, SE Asian focus, adequate cash, open register
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Ticker symbols (ASX / OTC)
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MEO
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MEOAY
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Share Price (ASX: MEO)
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(5-July)
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A $0.28
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Issued shares
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(million)
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539.9
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Issued options ($0.50 ex)
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(million)
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21.6
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Market Capitalisation
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(million)
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A $151
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Cash & Cash Equivalents
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(31-Mar)
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A $62
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Enterprise value
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(million)
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A $89
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Daily liquidity (3 mth avg)
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(million)
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3.0
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General
HQ Melbourne, Australia
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Jakarta branch office SE Asian portfolio
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7 upstream projects (6 offshore)
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3 infrastructure projects (Tassie Shoal)
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High calibre new venture capability
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Track record of high value transactions
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Adequately funded (subject to farm out)
Top shareholders
~9,660 shareholders 31.4% held by top 20
6.59% Raydale Holdings Pty Ltd
5.00% Bentley Capital (LIC - ASX: BEL)
4.89% HSBC Custody Nominees (Australia) Ltd 2.32% Merrill Lynch (Australia) Nominees Pty Ltd
Sustainable business model - creating optionality
Secure Acreage
Add Value
Mitigate Risk
(if warranted)
Return for Shareholder
Monetise
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Obtain acreage with high equity
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Add value by defining prospectivity
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Farm-out for free carry
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Low cost exposure to multiple high value opportunities
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Strategy requires strong capabilities in:
Target is return for shareholder
Differentiators/Tactics Examples/Rationalle
Secure Acreage
strong new ventures capability
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Technical experience
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Industry contacts and knowledge
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Commercial capability
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WA-454-P (Bonaparte Gulf)
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Block G2/48 (Gulf of Thailand)
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Seruway PSC (Indonesia)
Add Value
strong technical team
Mitigate Risk
(if warranted)
strong commercial
team
Monetise
all of the above
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Re-evaluate existing data
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Acquire high quality seismic data
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Attract synergistic partners
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Farm-out (for program carry)
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Partial sell-down
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Discipline to withdraw
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Farm-out (with cash component)
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Partial sell-down
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Production
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Gurame (Seruway PSC)
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Ibu Horst 3D (Seruway PSC)
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Tassie Shoal initiative
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Petrobras & Eni farm-outs
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Potential future option
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WA-359-P (Carnarvon Basin)
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Petrobras farm-out
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To fund development
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Gurame (Seruway PSC)
Return for Shareholder
Experience and capability of team is critical for success