MEO Australia Wraps Up Blackwood 3D Seismic Acquisition

MEO Australia Limited reports that PGS' seismic acquisition vessel, M/V Orient Explorer has completed the acquisition of 3D seismic data over the Greater Blackwood structure, located in permit NT/P68.

Acquisition of approximately 384 square km of new 3D seismic data was completed on May 19, 2008.

The acoustic array and streamers are currently being recovered and the 3D seismic data will then be transferred to the PGS processing facilities in Perth. The processing is designed to correct for the near surface reefs and channels (with a full processing sequence to pre-stack depth migration – PSDM) to improve depth conversion, mapping and potential resource estimation of the Greater Blackwood feature that was recently intersected by the Blackwood-1 discovery well.