MEO Expects Songa Venus by October 2008

MEO Australia Limited is pleased to advise that Songa Offshore, the Operator of the Songa Venus drilling vessel has confirmed the drilling rig is on track in its current work program which sees the vessel expected to complete its current work and arrive at the Zeus-1 location in late October 2008. The Zeus-1 well is targeting the multi-Tcf Zeus play in WA-361-P immediately adjacent to the permits containing the gas fields supplying the North West Shelf Gas Project.

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