MEO to buy Timor Sea permits

MEO Australia has extended its foothold in northern Australia with an agreement to acquire 100% of Silver Wave Energy's AC/P50 and AC/P51 permits in the Ashmore Cartier region of the Timor Sea.

16 November 2010
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The company will acquire the permits for $US270,000 ($A274,000), payable on receipt of regulatory approvals for the equity transfer.

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