MEO Australia Seeks Shareholder Approval to Rename Firm as Melbana Energy

Melbourne-based oil and gas firm MEO Australia Ltd. reported Wedensday that it planned to relaunch the company as Melbana Energy Ltd., with the name change subject to shareholder approval.

The company said Melbana Energy was selected following a comprehensive review of potential alternatives and consideration of cultural issues relevant for its areas of operation, namely Australia, Cuba and New Zealand.

"The MEO Board believes the relaunching of MEO as Melbana Energy Ltd. will better reflect the Company’s focus on its high potential Cuba Block 9 Production Sharing Contract and other Cuban business development activities. We look forward to continuing all of the Company’s exploration activities under the Melbana Energy banner in the future," MEO’s CEO and Managing Director Peter Stickland said in the press release.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)
 -  OGA Awards 25 Licences for 111 UKCS Bl... (Mar 23)
 -  New Zealand Opens Block Offer Tender f... (Mar 22)
 -  High Calibre Staff Helps EnerMech Secu... (Mar 22)


Most Popular Articles

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours