MEO Australia Limited, an independent oil and gas company, reported 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 and the option for Eni to acquire an additional 25 percent participating interest in the Blackwood area from Aug. 29 to Oct. 28.
MEO’s CEO and MD Jurgen Hendrich, commented on the announcement:
“This further extension provides additional time for the Operator to complete quantification of the discovered resources and determine its strategy in relation to these options.”
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