Exploration Manager and Personnel Changes
Dave Maughan has elected to retire from his current role as Exploration Manager, effective 1st June 2013 and has accepted an ongoing advisory role with commensurately less demand on his time.
Concurrently, Peter Stickland will move from his current role of New Ventures Manager to Exploration Manager effective 1st June 2013. Peter joined MEO in April 2011 initially as New Ventures Adviser and subsequently as New Ventures Manager. Peter brings a wealth of experience gained initially with BHP Billiton and subsequently with Tap Oil where he was Exploration Manager from 2005 to 2007 and then CEO from 2008 through late 2010 during which time he oversaw Tap evolve into a South East Asia/Australia focused E&P Company.
MEO's CEO and MD Jürgen Hendrich, commented on the announcement:
"Peter has made a tremendous contribution to our New Venture effort and I am very pleased that he has agreed to take on a more demanding role and help MEO build a solid resource base from which to grow long term shareholder value.
For some time, Dave has indicated a desire to spend more time with his family including a growing number of grandchildren. He has contributed almost 5 years to the MEO cause and under his guidance we have assembled a portfolio of opportunities with the potential to deliver substantial shareholder value. On behalf of the Board of Directors and all personnel at MEO, I express my gratitude for his valuable contribution and his commitment to an ongoing involvement. We wish him a healthy and happy retirement."
About MEO Australia Limited
MEO Australia Ltd (ASX:MEO) (OTCQX:MEOAY) is an ASX listed, independent oil and gas company focused on building a substantial Australian and international E&P business servicing the rapidly growing Asian energy markets.
The Company has assembled a portfolio of exploration, appraisal and development stage opportunities on the NW Shelf, the Ashmore Cartier and the Timor Sea regions in Australia, offshore North Sumatra, and on Madura Island, East Java in Indonesia and the Gulf of Thailand.
MEO has also attracted a high calibre Board of Directors and proven Executive, Technical and Commercial talent with a demonstrated track record of attracting and partnering with globally recognised industry participants.
MEO Australia is listed on the Australian Stock Exchange (ASX: MEO, OTC: MEOAY) and is headquartered in Melbourne, Australia.
MEO Australia Limited