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General Information

MEO Australia Limited
MEO
http://www.meoaustralia.com.au
Oil & Gas Exploration & Production
9
750

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.01 $0.01 $0.01 $0.01 $0.01 3787227 $0.00 ( 8.33% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
MEO Australia Limited (MEO) is an independent oil and gas exploration company. MEO has a diverse portfolio of exploration and appraisal projects located offshore North West Australia, Indonesia and the Gulf of Thailand. The portfolio currently has 2C contingent resoruces of 110MMboe, with additional un-risked prospective resources of 1,667MMboe (best estimate).
Strategy Analysis
MEO aims to complete a successful farm-out of an interest in NT/P68 which should lead to exploration drilling in 2011. With cash in hand and other companies seeking to relinquish interests in Timor Sea gas resources, MEO are actively looking for the right opportunity to secure a gas supply to enable the Tassie Shoal projects to progress. MEO Australia reported negative cash flow of $6.24m for quarter ended 31 December 2012. Operating cash flow for the period was $(25.07m). Payments for exploration and evaluation were $(23.78m). Investing cash flow was $(7,000). Financing cash flow was $18.84m. Cash in hand at the end of the quarter was $42.38m.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -135.9 -21.1 0.0% 0.0 0.0 0.0% 0.0%
2013 A -67.2 -11.3 0.0% 0.0 0.0 0.0% 0.0%
2012 A -5.7 -1.1 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Beach Energy (BPT) $1,521M 0.8455 -0.6961 -0.6285 5.8972 19.4030 52.2321 1.71% 2.56% 2.56%
MEO Australia (MEO) $9M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Oil Search (OSH) $12,379M 0.6947 0.1853 0.2859 28.0538 23.6681 18.4062 2.40% 2.25% 2.24%
Santos (STO) $7,978M 0.0505 -0.5032 0.8400 14.6082 29.4052 15.9807 0.00% 3.85% 4.90%
Woodside Petroleum (WPL) $29,183M 0.5477 -0.4966 0.2801 9.9016 19.6701 15.3666 8.78% 4.07% 5.19%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.34 0.00
Market 0.91 16.40 1.29 2.36
Sector 1.06 13.00 0.60 7.39

Directors

Name Position Start Date
Mr Peter John Stickland Chief Executive Officer, Managing Director 30/01/2015
Mr Stephen Hopley Non-Executive Director, Acting Chairman 01/10/2008
Mr Gregory Allen Short Non-Executive Director, Non-Executive Chairman 14/07/2008

Management

Name Position
Colin Naylor Chief Financial Officer,Company Secretary
R J D Gard Commercial Manager
R Zammit Executive Manager Business Development
P Stickland Exploration Manager
K Hendrick Implementation Manager

Substantial Shareholders

Holding Name
38,983,347 (5.19%) Asian Energy Ltd

Calendar of Events

Date Event
29 January 2016 Report (Quarterly)
22 October 2015 Report (Quarterly)
25 September 2015 Report (Annual)
24 July 2015 Report (Quarterly)
28 April 2015 Report (Quarterly)
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