MEO Australia Limited (MEO) advised Tuesday that following the appointment of liquidators to Kea Petroleum Limited (Kea), Operator of the PEP51153 exploration permit located onshore New Zealand, that it has exercised its contractual right to assume Operatorship of the permit. MEO’s appointment as Operator remains subject to regulatory approval.
MEO is a joint venture participant in PEP51153 (MEO 30 percent), with its interest in the permit not affected by the appointment of liquidators to Kea and to remain at that level if approval is received to assume Operatorship.
The Company will advise of any updates to shareholders in due course.
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