Heron South-1 Progress Report No. 11
Melbourne, Oct 22, 2012 AEST (ABN Newswire) - MEO Australia Limited (
ASX:MEO) (OTCQX:MEOAY) provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd.
Since the last report, 216mm (8 1/2") hole had been drilled from 4,358.6m to 4,454mMDRT (metres Measured Depth below Rotary Table) which the operator has determined to be Total Depth (TD). A comprehensive formation evaluation program has commenced. If warranted, a production test will be run to determine reservoir productivity. There have been no reportable incidents.
Progress Summary
Progress since last report:
- Drilled 216mm (8 1/2") hole from 4,358.6mMDRT to 4,454mMDRT (TD)
- Commenced formation evaluation program
Present Operation:
- Continue with formation evaluation program
Outlook:
- Complete comprehensive formation evaluation program and production test well if warranted
The key objectives of the well are to determine the productivity of the Elang-Plover reservoir and the gas composition.
An overview of the NT/P68 permit including location map and simplified Heron structural cross section are attached for reference.
MEO's CEO and MD Jürgen Hendrich commented on the announcement:
"We eagerly await the results of the formation evaluation."
To view the full release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEO-380792.pdf
Contact
MEO Australia Limited
T: +61-3-8625-6000
F: +61-3-9614-0660
E: admin@meoaustralia.com.au
WWW: www.meoaustralia.com.au
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