MEO extends Aussie permits

摘要

MEO Australia has accepted a offers from the Australian government to renew the AC/P50 and AC/P51 exploration permits for a further five years – and look for partners to help spread any exploration drilling costs. The firm minimum work programme requirement is for the first three years of the renewal and for each block consists of geological and geophysical studies and seismic data reprocessing. The discretionary secondary term work programme, Years 4 and 5, contain one well in each permit.