MEO Australia Limited (ASX:MEO) Heron South-1 Progress Report No. 17
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) has completed drilling of Anchan-1 in the Gulf of Thailand G2/48 Concession and is preparing to commence drilling Sainampueng-1.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni).
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) 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 (refer separate ASX release). Under the agreement, MEO will issue Asian Energy Limited 40,816,327 shares at an issue price of $0.245 cents per share.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Gurame SE-1XST being drilled in the Seruway PSC, offshore North Sumatra.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) is pleased to advise that videos of the 2012 Annual General Meeting and 2012 exploration update are available on the MEO website.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) has commenced drilling in the Gulf of Thailand G2/48 Concession with the spudding of Anchan-1 at 23:00 hrs (local time) on 15th November. This well is expected to take approximately 7-10 days to drill and will fulfil the Permit Year 5 obligation. As the Year 5 obligation is prior to MEO's entry to the Concession, Pearl Oil is drilling Anchan-1 at its sole expense.