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.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) is offering eligible shareholders the opportunity to participate in a share purchase plan (SPP) in which they can subscribe for up to A$15,000 worth of fully paid ordinary shares in MEO (New Shares) at an issue price of A$0.20 per New Share without paying brokerage or other transaction costs.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that at 0600 Darwin time on Monday 24th September, Eni Australia Ltd (Eni) as operator of the NT/P68 exploration permit had drilled the 311mm (12 1/4") hole to 3,740mMDRT (metres Measured Depth below Rotary Table).
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises that the Hercules #208 rig arrived at the Gurame SE-1X location on Friday 21st September. The well was spudded at 0600 local time on 23rd September after the 30" conductor was driven to 57m below mud line. A precautionary 8 1/2" pilot hole was drilled to a depth of 202mMDRT (measured depth below rotary table) and at 0600 this morning had been opened to 26" to a depth of 144mMDRT. Hole opening to 26" will continue to 202mMDRT where 20" surface casing will be run and cemented.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to its interests in the Gulf of Thailand G2/48 concession, operated by Pearl Oil Offshore Limited ("Pearl Oil"), an affiliate of Mubadala Petroleum.
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) are pleased to provide an SEAAOC presentation regarding its oil and gas projects in South East Asia; 'Advancing on multiple fronts in SE Asia' - "Exploring for hydrocarbons where they are known to occer".
MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) 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 is scheduled to take 35 days to complete on an untested basis.
