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Seruway PSC - Gurame SE-1XST Progress Report No. 8
Seruway PSC - Gurame SE-1XST Progress Report No. 8

Melbourne, Oct 29, 2012 AEST (ABN Newswire) - MEO Australia Limited (googlechartASX:MEO) (OTCQX:MEOAY) advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.

Since the last report, the 1 1/2" hole was sidetracked from 2,099mMDRT to 2,681mMDRT. At 0200 hrs Jakarta time on 29th October the 9 5/8" casing had been run to 1,478mMDRT.

The forward plan is to complete running and cementing the 95/8" casing prior to drilling out to the first objective the Baong sands.

Progress Summary
Progress since last report:
- Sidetracked from 2,048mMDRT to 2,681mMDRT
- Commenced running 9 5/8" casing

Present Operation (at 0200hrs Jakarta time, 29th October)
- Running 9 5/8" casing at 1,478mMDRT

Outlook:
- Complete running and cementing 95/8" casing
- Drill and cut cores to approximately 3,374mMDRT

An overview of Gurame is provided overleaf and a detailed technical supplement is attached in the following link.
http://media.abnnewswire.net/media/en/docs/ASX-MEO-381280.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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