Heron South-1 Progress Report No. 13
Melbourne, Oct 30, 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 (Eni).
Since last progress report, operations are underway to ream the 216mm (8 1/2") hole prior to running and cementing the liner.
The well is interpreted to have intersected two gross sandstone intervals of approximately 120m and 115m thickness separated by approximately 130m of shale and silt. Eni has advised MEO that it intends to carry out separate production tests of the two intervals intersected to determine reservoir productivity and gas composition of each. Perforation intervals have not yet been finalised.
In accordance with pre drilling plans, the well will be plugged and abandoned at the conclusion of production testing.
MEO's CEO and MD Jürgen Hendrich commented on the announcement:
"We are delighted that Eni has confirmed its intention to separately production test the two possible gas bearing zones to determine their potential."
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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