MEO Australia Limited

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that at 06:00 Darwin time on Monday 17th September, Eni Australia Ltd (Eni) as operator of the NT/P68 exploration permit had run and cemented the 340mm (13 3/8") casing to 3,007mMDRT (metres Measured Depth below Rotary Table), drilled the 311mm (12 1/4") hole out of casing to 3,018mMDRT and conducted a formation integrity test, prior to preparing to drill ahead. There have been no reportable incidents and well operations are proceeding according to plan.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that its subsidiary company, Seruway Offshore Exploration Limited (SOEL) has been informed that the Hercules #208 jack-up drilling rig is expected to be handed over to SOEL on 18th September 2012.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that at 6:00am Darwin time on Monday 10th September, Eni Australia Ltd (Eni) as operator of the NT/P68 exploration permit had drilled the Heron South-1 445mm (17 1/2") hole to a depth of 2,914mMDRT (metres Measured Depth below Rotary Table). There have been no reportable incidents and well operations are proceeding according to plan.

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to the continuing project development activities related to the Tassie Shoal suite of projects.

The directors of MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) submit their report for the financial year ended 30 June 2012. MEO Australia is a company limited by shares, incorporated and domiciled in Australia.

Asian Activities Report for May 18, 2011 includes: Australia Minerals and Mining Group Limited (ASX:AKA) announce the Constance Range Iron Ore Alliance with Viento Group Limited (ASX:VIE), Icon Resources Limited (ASX:III) and Resolve Geo Pty Limited; Uranex NL (ASX:UNX) announce substantial high grade uranium intersections at the Mkuju Uranium Project in Tanzania; MEO Australia Limited (ASX:MEO) has completed the NT/P68 farm-out agreement with Eni Australia Limited; Zambezi Resources Limited (ASX:ZRL) has commenced a A$3.5 million diamond drilling programme at its Kangaluwi Copper Project in Zambia.

Australian shares were stronger in early trade Thursday as resources sector were boosted by expectations of a batch of positive economic data from China. The benchmark ASX200 index rose to above 5000-point territory for the first time in 19 months, following the recent rebound of the broader All Ordinaries share index. Asian markets broadly were higher today with Japan's Nikkei opened up 0.9 per cent.

MEO Australia Limited (ASX: MEO) advises the market that the NT/P68 Joint Venture partners have today approved production testing of the gas charged zone of the Epenarra Darwin formation reservoir in the Heron-2 well.