MEO Australia Limited advises that MEO and Eni Australia Ltd (Eni) have mutually agreed to defer the election deadline for the Blackwood well by one month to 4th February 2013. Under the Farm-in Agreement (FIA) dated 17th May 2011, Eni had a period of 365 days from the completion of the Blackwood 3D seismic survey [...]
MEO Australia Limited advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1. Under the agreement, MEO will issue Asian Energy Limited 40,816,327 shares at an [...]
November 19, 2012 | Posted in
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MEO Australia Limited advises that the Thailand Department of Mineral Fuels, Ministry of Energy has formally approved the transfer of a 50% participating interest in the Gulf of Thailand G2/48 Concession from Pearl Oil Offshore Limited, an affiliate of Mubadala Petroleum (Mubadala), to Rayong Offshore Exploration Ltd (ROEL), a wholly owned subsidiary of MEO. Receipt [...]
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MEO Australia Limited advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig. Since the last report, the BOPs (Blow Out Preventers) were installed and tested, a LOT (Leak Off Test) was completed and the 12 ¼ “ hole [...]
October 8, 2012 | Posted in
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MEO Australia Limited advises that its subsidiary company Seruway Offshore Exploration Limited (SOEL) received handover of the Hercules #208 jack-up drilling rig at 12:00 noon Jakarta time on 18th September. The rig is under tow to the Gurame SE-1X location and the well is expected to spud on or around the 22nd September. Gurame SE-1X [...]
September 19, 2012 | Posted in
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MEO Australia Limited announces that Oliver Gross has commenced employment with MEO as Geoscience Adviser. Oliver brings a wealth of experience to MEO with over 31 years experience with ExxonMobil in Production, Exploration and New Ventures. Oliver’s primary role will be to work closely with the Exploration Manager, Dave Maughan and the geosciences team in [...]
MEO Australia Limited advises that its wholly owned subsidiary, Seruway Offshore Exploration Limited (SOEL) has a farmout process for up to a 50% participating interest in the Seruway PSC, offshore North Sumatra, Indonesia. A farmout brochure inviting key industry representatives to consider farming into the PSC has been launched to coincide with the SEAPEX Farmout [...]
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MEO Australia Limited advises that Commonwealth – Western Australia Offshore Petroleum Joint Authority (the “Designated Authority”) has granted a five year renewal of Petroleum Exploration Permit WA-360-P commencing 6th March 2012. The renewal includes the mandatory relinquishment of seven of the original 15 graticular blocks which comprised the permit and retention of eight graticular blocks. [...]
March 8, 2012 | Posted in
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MEO Australia Limited releases the findings of an independent report by Senergy (GB) Limited (“Senergy”), commissioned by MEO to provide a preliminary volumetric assessment of the Marina-1 gas and liquids discovery and the Breakwater prospect in its 100% owned WA-454-P, in the Joseph Bonaparte Gulf, offshore Western Australia. Background MEO was awarded WA-454-P on 14th [...]
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MEO Australia Limited advises that the S/R Veritas Viking II completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin). A total of 601 km2 of full fold data was recorded. The survey will now be processed and is expected to be available [...]
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