MEO Australia Limited has agreed with Eni Australia Limited (Eni) to extend the notice dates under the NT/P68 Farm-in Agreement (FIA) for the second Heron well and the option for Eni to acquire an additional 25% participating interest in the Blackwood area to 29th August 2014.
MEO’s CEO and MD Jürgen Hendrich, commented on the announcement: “These modest extensions provide the requisite time to complete the integration of the technical evaluation of the discovered resources and determine the appropriate next steps.”
[mappress] Press Release, May 23, 2014; Image: MEO