MEO 0.00% 0.0¢ meo australia limited

hint who the farm-in partner might be

  1. 767 Posts.
    I know what is published is old news but its interesting that it is posted by The Scandinavian Oil & Gas Magazine."

    Statoil looks like the one to me.

    Link here:
    http://www.scandoil.com/moxie-bm2/by_province/australia/meo-provides-update-on-wa-360-p-farm-in.shtml



    Article as follows
    "MEO provides update on WA-360-P farm-in

    Published Dec 22, 2009
    E-mail Print

    MEO Australia advised that its preferred farminee has now received Board of Director approval authorizing it to complete the farm-in to Exploration Permit WA-360-P. This approval enables finalisation of the documentation to complete the farm-in which will be subject only to Australian regulatory approvals including the Foreign Investment Review Board (FIRB).

    A joint release with details of the farm-in will be made once the agreements have been executed.

    Concurrent with this approval, MEO has triggered its option to fund the Permit Year 5 (commencing February 1, 2010) commitment well in WA-360-P, completing its farm-in for a 70% interest in the Permit with Rankin Trend Pty Ltd (a wholly owned subsidiary of Moby Oil and Gas and Cue Exploration Pty Ltd. MEO will retain a minimum 20% interest in the permit post farm-out.

    Tags: MEO Australia Limited "
 
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