MEO Australia Limited

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) has completed drilling of Anchan-1 in the Gulf of Thailand G2/48 Concession and is preparing to commence drilling Sainampueng-1.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1 (refer separate ASX release). Under the agreement, MEO will issue Asian Energy Limited 40,816,327 shares at an issue price of $0.245 cents per share.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Gurame SE-1XST being drilled in the Seruway PSC, offshore North Sumatra.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) is pleased to advise that videos of the 2012 Annual General Meeting and 2012 exploration update are available on the MEO website.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) has commenced drilling in the Gulf of Thailand G2/48 Concession with the spudding of Anchan-1 at 23:00 hrs (local time) on 15th November. This well is expected to take approximately 7-10 days to drill and will fulfil the Permit Year 5 obligation. As the Year 5 obligation is prior to MEO's entry to the Concession, Pearl Oil is drilling Anchan-1 at its sole expense.

Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to the commercialisation of the first Tassie Shoal Methanol Plant ("TSMP1").

MEO Australia Limited (ASX:MEO) are pleased to provide the Company Annual General Meeting - Technical Supplement 2012.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) are pleased to provide the Company Annual General Meeting Presentation, "Building a portfolio of opportunities to create value".

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that it has received the final reports recently commissioned to assess the technology basis and provide updated development cost estimates for the Tassie Shoal LNG Project ("TSLNG"). The reports were commissioned from major international engineering firms WorleyParsons and Arup, with input from APCI.