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Last A$0.02 AUD
Change Today +0.001 / 6.25%
Volume 794.8K
MEO On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Frankfurt
As of 2:10 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

meo australia ltd (MEO) Snapshot

Open
A$0.02
Previous Close
A$0.02
Day High
A$0.02
Day Low
A$0.02
52 Week High
08/8/14 - A$0.09
52 Week Low
03/19/15 - A$0.01
Market Cap
12.8M
Average Volume 10 Days
881.7K
EPS TTM
A$-0.04
Shares Outstanding
750.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEO AUSTRALIA LTD (MEO)

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meo australia ltd (MEO) Details

MEO Australia Limited, an independent oil and gas company, explores for, appraises, and develops oil and gas, methanol, and LNG properties in Australia, New Zealand, Indonesia, and Thailand. The company principally holds interests in the Tassie Shoal Methanol and Timor Sea LNG projects located in offshore Australia. It also has interests in a portfolio of exploration, appraisal, and development stage projects on the North West Shelf, the Ashmore Cartier, and the Timor Sea regions in Australia; offshore North Sumatra Indonesia; and onshore New Zealand. The company was incorporated in 1994 and is based in Melbourne, Australia.

20 Employees
Last Reported Date: 09/17/14
Founded in 1994

meo australia ltd (MEO) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$305.3K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$265.6K
Executive Manager of Commercial & Business De...
Total Annual Compensation: A$267.8K
Senior Commercial Adviser
Total Annual Compensation: A$266.8K
Implementation Manager
Total Annual Compensation: A$196.0K
Compensation as of Fiscal Year 2014.

meo australia ltd (MEO) Key Developments

Handal Resources Berhad Announces the Collaboration Agreement with MEO Australia Limited

The Board of Directors of Handal Resources Berhad announced that the Collaboration agreement entered into between the company and MEO Australia Limited to set out the respective parties rights, interest and obligations in the collaboration to consolidate each parties’ expertise in the area of marginal oil and gas field development to pursue and thereafter to enter into a Risk Service Contract agreement with PETRONAS has ceased to have any effect as both parties have decided not to pursue the collaboration in relation to the Project due to local current market condition and PETRONAS deferment of RSC for marginal fields.

MEO Australia Limited and Brooke Dockyard & Engineering Work Corporation Sign an Agreement for Malaysia Opportunities

MEO Australia Limited and Brooke Dockyard & Engineering Work Corporation signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia. Under the agreement, MEO will provide technical assistance and opportunity evaluation assistance to Brooke and in return Brooke will fund the evaluation activities and the exploration component of joint bids for successfully screened opportunities that meet the collective criteria of the partners. For the initial opportunity to be considered under the agreement, Brooke will have a 75% participating interest and MEO a 25% participating interest. Brooke will bring strong local Malaysian content to MEO having access to local fabrication and construction capability, for both onshore and offshore facilities. The parties have also agreed to work together in a suitable framework to develop and operate oil and gas prospects to the mutual benefit of their stakeholders, shareholders, local community and people of Sarawak.

Meo Australia Limited Announces Execution of Farm Out for WA-488-P

MEO Australia Limited announced the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit to a wholly owned subsidiary of Rex International Holding. MEO continues to engage with a number of other parties who are also evaluating WA-488-P and additional parties can be accommodated in the Permit by the current agreement.' The execution of the farm-out agreement provide Rex with an immediate 30% participating interest in the WA-488-P permit while MEO retains a 70% interest. The final farmout terms includes options for Rex to increase its participating interest (if MEO has not secured alternative funding) by an additional 10% in return for procuring full funding of a 3D seismic survey over the Beehive prospect, which Rex can increase to 20% if it commits by 30 June 2015 to fund the 3D Seismic Survey and paying MEO $500,000 cash. Rex has a further option to increase its participating interest in return for procuring full funding of the proposed Beehive-1 well (if MEO has not secured alternative funding). If this option is exercised by Rex or its nominee, MEO will have a full carry through a Beehive-1 well for its residual 20% participating interest.

 

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MEO:AU A$0.02 AUD +0.001

MEO Competitors

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Company Last Change
Azonto Petroleum Ltd A$0.0050 AUD 0.00
Blue Energy Ltd A$0.03 AUD +0.003
Carbon Energy Ltd A$0.02 AUD +0.002
Kairiki Energy Ltd A$0.0030 AUD 0.00
Transerv Energy Ltd A$0.03 AUD 0.00
View Industry Companies
 

Industry Analysis

MEO

Industry Average

Valuation MEO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 39.9x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 5.4x
 | 

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