MEO extends offshore Australia drill decision

MEO Australia Ltd (ASX: MEO; OTCQX: MEOAY) has agreed to further extend the deadline date for Eni to elect to drill a second Heron well offshore of Australia’s Northern Territory.

Herndon well location off Australia
Herndon well location off Australia

Offshore staff

MELBOURNE, Australia – MEO Australia Ltd (ASX: MEO; OTCQX: MEOAY) has agreed to further extend the deadline date for Eni to elect to drill a second Heron well offshore of Australia’s Northern Territory. The deadline is extended from March 1 to March 22.

Discussions are under way for a longer deferral to allow for additional studies to be completed on the Timor Sea holdings by thejoint venture.

3/04/2013

More in Regional Reports