MEO Australia Limited : Completes acquisition of Zeppelin 2D seismic survey

MEO Australia Limited

ABN 43 066 447 952

Level 23	Tel:	[phone]
500 Collins Street	Fax:	[phone]
Melbourne Victoria 3000	Email:	[e-mail]
Australia	Website:	www.meoaustralia.com.au

ASX & Media Release

Completes acquisition of Zeppelin 2D seismic survey

Key Points:

• Completed acquisition of Zeppelin 2D seismic survey in AC/P53 (MEO 100%)

• Acquisition advances Permit Year 2 work commitment of 150 km 2D into Permit Year 1

MELBOURNE, AUSTRALIA (18th January, 2012)

MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that the S/R Veritas Viking II completed acquisition of the 170 km Zeppelin 2D seismic survey in AC/P53 in the Ashmore Cartier region of the Timor Sea (Vulcan sub-basin) at 21:02 (WST) on 17th January 2012.

CASH MAPLE

SWAN

PENGANA JABIRU

CHALLIS CASSINI

DELAM ERE

HALCYON

This survey included a tie line to the 507 km2
Zeppelin 3D survey over
part of AC/P50 and
AC/P51 which will

PUFFIN

SKUA

ECLIPSE

EAST SWAN A C / P 5 3

BIRCH

A C / P 5 0

TALBOT

commence as soon as the Viking II
reconfigures streamers
for 3D acquisition.

SWIFT NORTH SWALLOW

PADTHAWAY BILYARA MONTARA LEEUWIN

A C / P 5 1

Zeppelin 2D

170 line km

Zeppelin 3D

507 km2

The combination of long offset 2D seismic in AC/P53 and 3D seismic
in AC/P50 and AC/P51

MARET

CRUX (GAS)

TAHBILK

CRUX

0 25.00

will provide the technical basis for generating targets for consideration as potential future

LIBRA

kilometers

drilling candidates.
AC/P53 was awarded to MEO in July 2011. The Zeppelin 2D seismic survey advances the Permit
Year 2 obligation to acquire 150 km long offset 2D seismic into Permit Year 1.

Jürgen Hendrich

Managing Director & Chief Executive Officer