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MEO Australia energy for the future Home MEO Company Profile Projects Investor Relations News & Media Contact Petrel Sub-Basin Exploration Decrease Font Size Increase Font Size Printer Friendly Page MEO holds a participating interest in two exploration permits in the Petrel Sub-Basin. WA-488-P (MEO 70%) WA-488-P is located in the Petrel Sub-basin between the producing Blacktip gas field and the undeveloped Turtle and Barnett oil discoveries. WA- 488-P has an area of 4,074 km2 and was awarded to MEO in 2013 for an initial 6 year term. MEO has identified the potentially giant Beehive prospect and has recently farmed out 30% to Rex International Holdings, leaving MEO with A 70% participating interest. WA-488-P Overview Supplement - Beehive Oil Prospect WA-454-P (MEO 50%) MEO was awarded 100% of WA-454-P on 14 June 2011. The permit covers an area of 4,320 km2 and contains the 2007 Marina-1 gas and probable oil discovery and the Breakwater prospect. MEO provided its resource assessment of the Marina discovery on 25 March 2013. In Jul 2013 MEO announced that it had farmed out 50% of WA-454-P to Origin Energy in return for Origin paying MEO $5.6million of back costs and carry 80% of the costs of the forthcoming Breakwater-1 well up to a cap of A$35 million. Origin assumed operatorship of the permit. MEO is currently seeking to farm down a further portion of its remaining 50% participating interest in WA-454-P. WA-454-P Overview Supplement - Promenade Lead and Gulf of Mexico Salt Domes Marina Discovery Technical Supplement In This Section Current Projects Bonaparte Basin Exploration Carnarvon Exploration Cuba – Block 9 PSC New Zealand Exploration Petrel Sub-Basin Exploration Tassie Shoal Projects Vulcan Sub-Basin Exploration Contact MEO Australia: Level 20, 500 Collins Street, Melbourne VIC 3000 | Phone: 61 3 8625 6000 | Fax: 61 3 9614 0660 | email: admin@meoaustralia.com.au Sitemap | Privacy | Disclaimer | Subscribe | Careers | © Copyright MEO Australia | Brightlabs Web Design