MEO Australia Limited (MEO) is an oil and gas company. The principal activity of the Company is the development of the Tassie Shoal Methanol Project, the Timor Sea LNG Project and oil and gas exploration in offshore Australia and South East Asia, as well as Indonesia. In February 2012, MEO announced it had executed a binding agreement with Pearl Oil Offshore Limited to farm into the G2/48 concession in the Gulf of Thailand. The Tassie Shoal project consists of two stand-alone world scale 1.75 million tons per annum methanol projects and a single 3 million tons per annum LNG plant. MEO was awarded 100% interest in WA-454-P in June 2011. During the fiscal year ended June 30, 2012 (fiscal 2012), MEO acquired the Zeppelin 3D seismic survey covering a portion AC/P50 and AC/P51permits. In June 2011, MEO acquired South Madura Exploration Company (SMEC) which holds a 30% interest in the South Madura PSC, Madura Island.