MEO Australia Limited, an independent oil and gas company, announced Friday that it has agreed with Eni Australia Limited (Eni) to extend the notice dates under the NT/P68 Farm-in Agreement (FIA) for the second Heron well in the Timor Sea, offshore northern Australia and the option for Eni to acquire an additional 25 percent participating interest in the Blackwood area to Aug. 29.
MEO’s CEO and MD Jurgen Hendrich, commented on the announcement:
“These modest extensions provide the requisite time to complete the integration of the technical evaluation of the discovered resources and determine the appropriate next steps.”
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