MEO Reassigns Interest in WA-359-P to Cue Energy

MEO Australia reported that its drill/drop option over WA-359-P expired unexercised at 5pm on December 31, 2009. Technical studies have not sufficiently de-risked the Hephaestus lead identified by MEO in the permit to warrant committing to funding 100% of the Permit Year 6 well commencing February 1, 2010.

Consequently, MEO's 60% interest in the permit will be reassigned in equal proportions to the original farmors Cue Energy and Exoil (unlisted).

Participants in WA-359-P following reassignment will be:

  • Cue Exploration Pty Ltd (operator) 50%
  • Exoil limited 50%
Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours